ESPN Loses A Record 621,000 Subscribers In One Month
Now, the biggest beneficiary of the cable TV bundle, ESPN, which exploited it’s “must have” content for decades to negotiate ever higher rates with cable TV providers while forcing those rates down the throats of consumers by insisting its content be included in all of the channel “bundles”, finds itself in the unfamiliar territory of losing millions of subs per year amid surging contents costs. In fact, according to Outkick The Coverage, ESPN lost over 600,000 subscribers in October alone which is worth over $50mm in annual revenue.
Yesterday Nielsen announced its subscriber numbers for November 2016 and those numbers were the worst in the history of ESPN’s existence as a cable company — the worldwide leader in sports lost 621,000 cable subscribers. That’s the most subscribers ESPN has ever lost in a month according to Nielsen estimates and it represents a terrifying and troubling trend for the company, an acceleration of subscriber loss that represents a doubling of the average losses over the past couple of years, when ESPN has been losing in the neighborhood of 300,000 subscribers a month. – READ MORE