Comcast will lose 400K video subscribers this year, UBS analyst predicts

[Y2kTheNewOldies]

https://www.fiercecable.com/cable/comcast-will-lose-400k-video-subscribers-year-ubs-analyst-predicts

Not a surprise though given that in the past year given that HuluTV, YoutubeTV and Playstation Vue has stepped in and provided their own TV packages to customers though.

UBS analyst John Hodulik is now predicting that Comcast will lose around 400,000 pay TV subscribers this year, upping his earlier forecast of around 320,000 lost souls.

The projection comes after Comcast Cable CEO Dave Watson said during the top U.S. cable operator’s Q4 earnings call in January that he doesn’t expect the currently heated market for video services to cool anytime soon.

“It is definitely a very competitive video environment and we really don’t expect the level of competition to diminish,” Watson said. He noted that Comcast has made some “moderate adjustments” in how it's going to “aggressively compete for profitable video relationships.”

This latter comment seems to be an indicator that the operator won’t use aggressive price promotions to drive video subscriber growth this year.

“We have transitioned more and more towards broadband and so broadband is a centerpiece for us,” Watson added.