Speaking to investors during Comcast's third-quarter earnings call last week, NBCU chief executive Steve Burke said he was surprised by recent announcements from HBO and CBS introducing new a la carte streaming services.
This week, we take a look at 10 online video services that either died an untimely death, or are struggling in today's super-competitive environment. As disrupted as the online video environment is, it's easy for pundits to predict the demise of other hopefuls that are on the verge of going all-in on the OTT gold rush. You know, young upstarts like HBO.
Fresh off last week's big a la carte programming announcements from HBO and CBS, gleeful cord cutters are crunching the numbers, adding up the monthly bills on the SVOD series they'll need to once and for all ditch that dreaded cable bill. As TV News Check shows, you can cobble quite a few of these services together and still come out way ahead in terms of the average monthly pay-TV bill.
HBO's new streaming service will be priced at around $15 per month, an uncompetitive $6 higher than Netflix's most common $8.99 plan. This is according to a Monday report in The Information, which cites an unnamed source said to be familiar with the HBO service's development.
"Cord cutters rejoice" has been the oft-written headline preamble to numerous stories written this week about the groundbreaking a la carte programming announcements from HBO and CBS. But in a world in which every programming network is stripped out of the pay-TV bundle and sold individually, consumers could find themselves paying a lot more to get the channels they want.
CBS Corp. chief executive Les Moonves hadn't even finished first-day press duties for his company's big OTT announcement, when cable industry pundits began speculating on what might occur during the next big retrans impasse between the programmer and a major MSO.
CBS has announced a new SVOD service which will deliver thousands of current and archival series episodes to the IP devices of consumers for $5.99 a month.
A hiccup in new subscribers didn't stop Netflix from bringing in revenues of $1.41 billion in the third quarter of 2014, keeping it in line with forecasts. However, the subscriber news combined with HBO's landmark announcement earlier that it would offer a standalone OTT service sent the subscription video on demand (SVOD) provider's stocks downward 25 percent following its earnings report.
Time Warner investors were the first to hear the news from HBO Chairman and CEO Richard Plepler: The premium subscription service, which currently offers an authentication-only streaming service, HBO Go, to cable subscribers, will launch a standalone over-the-top service in the United States next year.
Signaling a sea change in pay-TV distribution, a major programming supplier, HBO, has announced plans to break off from the cable bundle and distribute its shows to consumers in an a la carte streaming product.