Sling TV Narrows Online Subscriber Loss

Dish Network’s online TV platform Sling TV in the first quarter of this year lost 100,000 subs, an improvement from a loss of 281,000 subs in the previous-year period. The platform ended the three-month period, which ended March 31, with 2.37 million subs, compared with 2.47 million subs at the end of 2020.

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The decrease in Sling sub losses was primarily related to lower subscriber disconnects resulting from Dish focusing on acquiring and retaining higher-quality (i.e. more expensive) subs, partially offset by lower Sling TV subscriber activations.

“We continue to experience increased competition, including competition from other subscription video on-demand and live-linear OTT service providers [such as Hulu and AT&T TV],” the company said in a filing. “The three months ended March 31, 2020, was negatively impacted by delays and cancellations of sporting events as a result of COVID-19.”

Sling TV launched in 2015 to help pay-TV operators offer standalone access to premium linear channels. Since then, the service has struggled to maintain its market position, as Disney-owned Hulu with Live TV now leads the market with more than 4 million subs.

Pay-TV subs decreased by about 230,000 in the first quarter, compared to a decrease of about 413,000 subs in the previous-year quarter. The company closed the quarter with 11.06 pay-TV subs, which includes 8.69 million Dish TV subs and 2.37 million Sling TV subs.

 

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