Verizon Lost 283,000 Fios Video Subs in 2023

Verizon Communications’ pay-TV market position continued to decline in 2023, with the wireless provider losing 283,000 linear TV subscribers in 2023, including 62,000 subs in the fourth quarter ended Dec. 31, 2023.

Verizon ended the year with 2.95 million Fios Video subscribers, down from 3.23 million subs at the end of 2022.

On the flipside, Verizon added 236,000 Fios Internet subs to end the year with 6.97 million subscribers. Verizon added 1 million fixed wireless broadband subs, in addition to 174,000 wireline broadband subs, to end the year with 9 million total broadband subscribers — up from 7.9 million at the end of 2022.

Subscribe HERE to the FREE Media Play News Daily Newsletter!

Verizon Bundling Netflix, Max for $10 Monthly Fee, Beginning Dec. 7

Subscription streaming VOD bundling upped its profile Dec. 4 with Verizon set to offer ad-supported access to both Netflix and Max services for a $10 monthly fee, beginning Dec. 7. That’s 40% ($6.67) off the standard combined monthly fee.

The bundle is among myriad $10 monthly perks available to Verizon customers through the telecom’s myPlan platform, including discounted Apple TV+, Walmart+ (which includes Paramount+), the Disney Bundle (Disney+ (no ads), Hulu (w/ads), and ESPN+ (w/ads), and +play credits on more streaming content. Verizon is also offering the Netflix/Max bundle and Disney bundle combined for $20 per month.

Bundling is expected to alleviate churn rates (non-renewing subscribers) and entice new subscribers via lower monthly fees, especially among the newer ad-supported service levels.

“We’re offering customers more choice and value than the rigid, competitive plans that force you to pay for things you don’t need,” Frank Boulben, Chief Revenue Officer, Verizon Consumer Group, said in a statement.

The Netflix & Max (with ads) perk will be available to Verizon mobile customers on the telecom’s Unlimited Welcome, Unlimited Plus or Unlimited Ultimate plans.

Verizon Launches Fios TV+ to New Customers Who Sign Up for Video Services

Verizon has announced the launch of Fios TV+ to all new customers who sign up for Fios video services. With Fios TV+, customers can watch live TV and streaming services through one device without a traditional set top box.

“Fios TV+ is a game-changer for delivering all your favorite live TV and streaming content, all in one place, and we’re excited to bring this experience to all of our new Fios video customers at no extra cost,” Heather McDavitt, VP, consumer products for Verizon, said in a statement. “We are committed to always innovating to bring the best, industry-leading experiences our customers deserve and expect from Verizon.”

Fios TV+ integrates live Fios TV and DVR content; the full Fios VOD catalog; and thousands of available apps in Google Play — all with 4K video capabilities. Its customizable user interface allows customers to pin favorite apps and revisit recently viewed channels on the home screen, view personalized recommendations based on watch history, and see which movies and shows can be watched for free through existing subscriptions.

The next-gen Fios TV+ remote control includes a Bluetooth connection (so no line-of-sight is needed to change the channel); voice control with built-in Google Assistant, and Find My Remote functionality that makes a lost remote beep.

Customers also can take it on the go with the Fios TV Mobile app, which delivers live TV on compatible devices for watch-on-the-go functionality.

“Fios TV+ is just the latest example of how we’re continuing to deliver the best experiences for our customers,” Tom Nugent, VP of consumer sales and service for Verizon, said in a statement. “With these advances in Fios technology, I’m excited for all of the ways our Fios TV customers can stream their favorite TV shows and movies like never before.”

Customers can choose to install the smartphone-sized Fios TV+ unit themselves, or schedule an installation appointment with a Fios technician. More details about Fios TV+ are at verizon.com/fiostv.

Subscribe HERE to the FREE Media Play News Daily Newsletter!

For a limited time, current Verizon mobile customers who sign up for new Fios internet can get a five-year price guarantee. 

Consumers can save $10 per line per month for up to 12 lines when they switch to Verizon mobile and choose an unlimited plan that includes 5G Ultra Wideband.

Verizon Looking to Bundle Ad-Supported Max, Netflix in $10 Bundle

Verizon is reportedly eyeing combining ad-supported options of Max and Netflix into a single $10 bundle to wireless subscribers. The discounted offer would be $7 off the standard $17 fee subscribing to both services.

The new Max, Netflix bundle would be offered to “MyPlan” wireless subscribers, with Netflix, Max and Verizon splitting the revenue.

First reported by The Wall Street Journal, citing sources familiar with the situation, the offer mirrors previous efforts by Verizon to shake up the streaming video status quo without offering its own branded service.

The telecom initially offered subscribers free 12-month access to Disney+, upon the SVOD’s 2019 debut. That was followed by the launch of the +Play platform, which now offers access to AMC+, Netflix, the Disney bundle (Disney+, Hulu, ESPN+), Max, Discovery+ and YouTube.

Subscribers to Netflix could get 12 months free access if they also subscribed to another third-party service. Verizon also offers wireless subs a shorter promotion to Apple TV+. Bundling services can lower subscriber churn up to 70%, according to Verizon.

Subscribe HERE to the FREE Media Play News Daily Newsletter!

Netflix’s $6.99 ad-supported tier accounted for 30% of Netflix new subscribers through Sept. 30. The tier has 15 million monthly active users, according to Netflix. Ad-supported tier subs accounted for 19% of new Max subscribers.

Verizon Loses 78,000 Q3 Fios TV Consumer Subs, Adds 69,000 Broadband Subs

Verizon Oct. 24 reported a decline of 78,000 Fios TV household subscribers in the third quarter, ended Sept. 30. Through nine months of the fiscal year, Fios TV has lost 221,000 subs, compared with a loss of 259,000 subs in the prior-year period. The telecom ended the period with slightly more than 3 million pay-TV subscribers, down from more than 3.3 million subs in the previous-year period.

Verizon ended the quarter with 63,000 business Fios TV connections, down from 69,000 connections last year.

At the same time, Verizon added 69,000 Fios broadband subs, up from a gain of 59,000 high-speed internet subs in the prior year period. Through nine months of the fiscal year, Verizon has added 183,000 household broadband subs, up from 143,000 net additions in the prior-year period. The telecom ended the quarter with 6.92 million broadband homes, compared with 6.68 million subs during the previous-year period.

When including wireline and fixed wireless access (FWA) broadband, Verizon ended the fiscal period with almost 8.8 million consumer broadband subscribers, compared with 7.6 million subs in the prior-year period.

Verizon added almost 1.5 million high-speed internet business subscribers in the quarter, up from 913,000 business additions in the prior-year period.

Verizon Offering New, Existing Subs Free ($449 Value) Access to YouTube TV’s ‘NFL Sunday Ticket’

With the 2023 NFL season set to begin in six weeks, Verizon Communications, in partnership with online subscription streaming platform YouTube TV, is offering new and existing telecom subscribers free access to “NFL Sunday Ticket” — which typically costs $449 a year — when purchasing select mobile phones and home broadband service.

Google, which owns YouTube TV, last December secured exclusive rights to “NFL Sunday Ticket” for a reported $2 billion annual license fee. “Sunday Ticket” affords viewers access to all out-of-market regular season afternoon games broadcast on Fox Sports and CBS Sports. DirecTV retains “Sunday Ticket” pay-TV rights to bars and restaurants.

Earlier this year, Verizon announced a new partnership with the NFL to deliver its Verizon Business Managed Private Wireless Network across each of the 30 U.S. NFL stadiums. The platform includes full support for coach-to-coach communications on the field and provides the NFL with speed, security and reliability for on-field coach-to-coach communication. The technology will be implemented for all 2023 NFL games, including the 2023 international games in London and Frankfurt, Germany.  

“This partnership adds to our growing roster of the best content providers in the industry as we continue to deliver the best in choice and exclusive value to our customers,” Hans Vestberg, CEO of Verizon, said in a statement. 

Verizon recently renewed a separate promotion with Netflix, offering +play subscribers free 12-month (valued at $240) access to Netflix’s premium tier service option. It continues to offer free six-month access to Disney+ for select mobile customers.

New Verizon “Unlimited Plus Mobile” subscribers get free access to “Sunday Ticket” with the purchase of select Smartphones, including Samsung Galaxy S23 Series, the Galaxy Z Flip5 or the Galaxy Z Fold5; Google’s Pixel Fold, Pixel 7 or 7 Pro; or Motorola’s Edge+. 

New Verizon Home Internet customers enrolling in plans for Fios 1 Gig, Fios 2 Gig, 5G Home Plus and LTE Home Plus plans are also eligible for the promotion. All other existing Verizon mobile customers are eligible for $100 off “Sunday Ticket.”

“Through our new partnership with Verizon, we’re proud to offer fans additional ways to access NFL Sunday Ticket,” said Neal Mohan, CEO of YouTube.

Verizon Cools Q2 Pay-TV Sub Losses, Ups Broadband Customers

Verizon Communications July 25 reported a loss of 69,000 Fios TV subscribers in the second quarter (ended June 30). That was down from a loss of 86,000 pay-TV subs in the previous-year period. Through half of the fiscal year, pay-TV subscriptions are down 143,000 compared with a decrease of 164,000 subs during the previous-year period. Verizon ended the quarter with just over 3 million Fios TV subs, down from more than 3.4 million a year earlier.

On the flipside, consumer demand for high-speed internet access — the lifeline for household streaming, transactional VOD and AVOD, shows no signs of slowing.

Verizon added 51,000 Fios internet subscriber in the quarter, upping the first half-year additions to 114,000, up from 30,000 and 85,000 subscriber additions, respectively, in the prior-year. The company added another 384,000 wireless broadband subscribers in the quarter, up from 256,000 subs in the prior-year period.

“In the second quarter, we showed progress in our key priorities of growing wireless service revenue, delivering healthy consolidated adjusted pre-tax earnings and increasing free cash flow,” CEO Hans Vestberg said in a statement.

Subscribe HERE to the FREE Media Play News Daily Newsletter!

Verizon Adds 63,000 Q1 Household Broadband Subs, Loses 74,000 Video Customers

Verizon April 25 reported a gain of 63,000 household high-speed internet subscribers in the first quarter (ended March 31). The 14.5% gain is up from the addition of 55,000 Fios broadband subs in the previous-year period. Verizon ended the quarter with more than 6.8 million broadband households subs, up 3% from 6.59 million subs in the prior-year period.

The broadband sub gains were the highest in a decade.

The telecom, like other pay-TV operators, saw continued declines in its video business. Verizon lost 74,000 Fios TV subs, down from a loss of 75,000 video subs in the prior year period. The company ended the quarter with 3.16 million video subs, down from 3.49 million subs a year earlier.

Consumer Fios revenue was $2.9 billion in the quarter, a decrease of 0.8% from $2.92 billion year over year.

Subscribe HERE to the FREE Media Play News Daily Newsletter!

Streamers Advertise Big on Academy Awards Telecast

Subscription streaming video services spent big March 12 marketing their platforms on ABC’s 95th Academy Awards national TV broadcast.

With 30-second spots ranging from $1.6 million to $2.1 million, marketers such as Paramount Global dug deep showcasing Paramount+, while spots for Disney-owned Hulu and Disney Studios’ The Little Mermaid invariably amounted to house ads.

Verizon bought several spots showcasing its new +Play streaming platform, the telecom’s attempt to emulate Amazon Prime Channels, which offers Prime members direct access to third party streaming services. The Verizon ads significantly featured Netflix programming, including “Wednesday,” “Stranger Things” and Glass Onion.

Beginning March 12, Verizon subscribers get free 12 months access to Netflix’s Premium tiered service ($19.99 monthly) with a paid 12-month subscription to a third-party SVOD service on +Play.

Subscribe HERE to the FREE Media Play News Daily Newsletter!

Studio advertisers included Universal Pictures, Warner Bros. Pictures and Disney.

“Our sponsors showed up in full force, across every major category with new and custom creative, joining a spectacular evening celebrating the biggest achievements in storytelling and the moments that bring us together,” Rita Ferro, president of Disney advertising, said in a media statement.

Verizon’s +Play Platform Offering 12 Months Free Netflix Premium Service

Verizon announced that beginning March 12 for a limited time that its wireless, 5G Home and LTE Home subscribers can get one year of Netflix’s Premium plan ($240 annual value) free through +Play, Verizon’s attempt to emulate Amazon Prime Video Channels platform for third-party streaming services.

The promotion follows Verizon’s separate high-profile offering of free access to Disney+, Hulu, ESPN+, Discovery and AMC+ to its wireless subscribers.

To get the special offer, customers must purchase an annual subscription from a selection of +Play partners, including AMC+, Calm, MasterClass, Paramount+, the Peloton App, Starz, Hallmark TV, Paramount+ and Super Duolingo, among others.

“+Play is a marketplace for our partners to leverage even broader direct-to-consumer reach and engagement, and it advances Verizon’s strategy building new business models on our network,” Erin McPherson, chief content officer of Verizon Consumer Group, said in a statement.

Subscribe HERE to the FREE Media Play News Daily Newsletter!