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The slow retreat of total multichannel video subscriptions picked up speed in the period ended March 31st, according to a report from SNL Kagan. The decline came amid relatively upbeat cable performance, with the platform posting its best first-quarter in eight years.
SNL Kagan estimates the combined cable, direct-broadcast satellite (DBS) and telecommunications (telco) sectors lost 162,000 video customers during the period. The mounting loss in the quarter foreshadows mounting pressure on service providers and an accelerating annual decline. In the trailing 12 months, the combined decline fell just short of 1.2 million subscriptions, despite the uptick in occupied households.
Additional highlights from SNL Kagan’s 1st-quarter U.S. Multichannel Subscriber report: