ESPN Loses 4 Million Subscribers In Past Year
By Clay Travis<time class="byline-timestamp" style="box-sizing: border-box; margin: 0px; padding: 7px 0px 0px; color: rgb(127, 127, 127); line-height: 1; -webkit-font-smoothing: antialiased; font-size: 12px; display: block;">Aug 4, 2016 at 10:45a ET</time>
In the past five years ESPN has lost 11,346,000 subscribers according to Nielsen data.
If you combine that with ESPN2 and ESPNU subscriber losses this means that ESPN has lost over a billion dollars in cable and satellite revenue just in the past five years, an average of $200 million each year. That total of a billion dollars hits ESPN in the pocketbook not just on a yearly basis, but for every year going forward.
It's gone forever.
That's not just bad, this is downright cataclysmic.
And it's getting worse.
In the past year ESPN lost 4.159 million subscribers, that's another $350 million in lost revenue across the ESPN family of networks.
[Snip]
I'm not trying to be alarmist here, but the simple fact is this -- I don't see how ESPN's business model makes sense at all by 2021.
The "Worldwide Leader in Sports" is a dead channel walking.
http://www.outkickthecoverage.com/espn-loses-4-million-subscribers-in-past-year-080416
By Clay Travis<time class="byline-timestamp" style="box-sizing: border-box; margin: 0px; padding: 7px 0px 0px; color: rgb(127, 127, 127); line-height: 1; -webkit-font-smoothing: antialiased; font-size: 12px; display: block;">Aug 4, 2016 at 10:45a ET</time>
In the past five years ESPN has lost 11,346,000 subscribers according to Nielsen data.
If you combine that with ESPN2 and ESPNU subscriber losses this means that ESPN has lost over a billion dollars in cable and satellite revenue just in the past five years, an average of $200 million each year. That total of a billion dollars hits ESPN in the pocketbook not just on a yearly basis, but for every year going forward.
It's gone forever.
And it's getting worse.
In the past year ESPN lost 4.159 million subscribers, that's another $350 million in lost revenue across the ESPN family of networks.
[Snip]
I'm not trying to be alarmist here, but the simple fact is this -- I don't see how ESPN's business model makes sense at all by 2021.
The "Worldwide Leader in Sports" is a dead channel walking.
http://www.outkickthecoverage.com/espn-loses-4-million-subscribers-in-past-year-080416
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