Quote:
Originally Posted by OLD BOY
Quite, but I think Den’s brief comment was meant to imply that the popularity of streamers against pay-TV channels was declining. There is no evidence for this if that was the point being made. Sky has also been losing viewers.
The cause is the cost of living crisis, not the popularity of streamers. Of course all types of TV subscriptions will suffer during an economic crunch.
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I’m not sure “we are popular but less people are giving us money” will keep shareholders happy.
The experience of 2008 was that pay-tv subscriber numbers held up well during the economic downturn. The difference your streaming services have is all their eggs are in one basket, disposable - general entertainment services with short term contracts.
Sky/Virgin have diverse product portfolios (broadband, mobile), broader customer base upon which to absorb their fixed costs and a compelling sports offering that is among the last things to be cut back.
I also think you were reading too much into Den’s brief quip, however your natural impulse to leap to the defence of streaming services for some unknown reason kicked into action.