A cord-cutting catastrophe struck the U.S. pay TV industry in the second quarter and took a collective 1.53 million subscribers with it. Or maybe not, but it’s hard to know for sure without data from two of the biggest streaming TV services.
Pitting Netflix against Disney in a good old-fashioned donnybrook for the U.S. streaming market is good fun, but not a realistic depiction of the industry. At least, not until the Disney+ bundle showed up.
For a long time now, quarterly earnings season has practically been guaranteed to be a bad time for the DirecTV brand. But this round of results has been particularly brutal for AT&T’s satellite operator.