“Lucy” scored as No.1 at the North American box office this past weekend, grossing some $44 million across 3,173 theaters. "Hercules" took in $29 million across 3,595 theaters for second place in the weekend. This summer's box office is some 20% lower than 2013 with $2.93 billion in ticket sales, compared to $3.67 billion. Source: L.A. Times, Reuters 7/28/14.

Satellite-Cable-Telco Subscribers
Company/Industry 2009 2010 2011 2012 1 yr. 3 yr.
(millions of subs)         Sub. Change
Comcast 23.559 22.790 22.331 21.995 -336 k -1,564 k
DirecTV 18.125 18.837 19.532 19.764 232 k 1,639 k
Dish 14.100 14.133 13.967 14.056 89 k -44 k
Time Warner Cable 12.859 12.422 12.061 12.218 157 k -641 k
Cox 6.200 6.150 6.090 6.000 -90 k -200 k
AT&T 2.500 3.373 4.144 4.856 712 k 2,356 k
Verizon 2.750 3.472 4.173 4.726 553 k 1,976 k
Charter Cable 4.824 4.520 4.314 4.158 -156 k -666 k
Cablevision 3.063 3.314 3.250 3.197 -53 k 134 k
Totals 87.980 89.011 89.862 90.970 1,108 k 2,990 k
Cable TV (5 MSOs) 50.505 49.196 48.046 47.568 -478 k -2,937 k
Satellite 32.225 32.970 33.499 33.820 321 k 1,595 k
Telco 5.250 6.845 8.317 9.582 1,265 k 4,332 k

Is Cord-Cutting A Myth? Do The Math!

By Paul Kagan - April 23, 2013

The popular image of "cord-cutting" - movement of interest from cable TV to online viewing--has been misread from the beginning. Reports of cable TV subscriber losses miss the fact that satellite and telephone companies built their own "cords." So, despite the advent of Netflix, Hulu, YouTube and other online providers, over the last three years (2010-2012) cable, satellite & phone operators - each of them "cords" with monthly contract fees - added a total of 3 mil. net new subscribers (see table above).

Concerns that a shift from TV to the internet have put incumbent carriers on a downward - perhaps fatal - path are way over the top (pun intended). Print critics in newspapers, magazines and online (veteran cynics of wired TV) have conjured a mass movement to online video, an opinion that helps them promote their own ventures.

As the table above shows, the nine largest "cords" (cable, satellite and telephone providers) - had 91 mil. subscribers at year-end 2012, up 3 mil. from 2009, when cord-jumping fever settled in. The biggest gainers on the list were AT&T (+2.36 mil.), Verizon (+1.98 mil.) and DirecTV (+1.64 mil.). And in 2012 alone, the big telcos added 1.265 mil. subs, Satellite gained only 321K and cable gave up 478K. (Note: for this analysis, I used data from only the five largest cable MSOs. But research indicates similar percentage performance deeper into the list.

The data above are not my estimates; they were reported by the companies. It's clear that, despite populist fears of cord-cutting, the nine largest video distributors signed a net new 3 mil. subscribers over the last three years while pundits accused them of losing audience to internet video newcomers. The new online networks surely are building their own followings, but they have a long way to go to be full competitors.

One of the biggest obstacles for the newbies is their own chronology. People aged 20-35 today - the primary cord-cutters--will lead different lives as they mature, when work and family responsibilities will have greatly changed. The economics of time and taste will find big screens on walls everywhere, and family viewing may well have a renaissance. Indeed, Google Fiber - for one - is counting on it. The search giant is planning to overbuild the nation with a gigabyte network designed to compete head-on with its cable/telco predecessors, while bowing to the needs of this generation's heavy downloaders.

Google clearly got the idea from the original cable guys, whose revenue comes primarily from video content but whose profit depends largely on similar access to the internet. Let the upgrading begin.




© 2013 PK Worldmedia, Inc.   All rights reserved.

Stocks Mixed on Fed Meeting; Twitter Soars on Q2 Results

 

By Catherine Hertzberg
- July 30, 2014
 

   Stocks were mixed after the Fed indicated that it would not raise interest rates soon. The Dow lost 32 pts. to close at 16,880. The S&P 500 edged up <1 pt. to 1970.

   Twitter surged 20% in 4x avg. trading after posting Q2 results. Revenue of $312 mil. brought a loss of 24 cents per share, vs. revenues of $139 mil. and a loss of 32 cents per share last year.

  Yelp jumped 9% on 3x avg. volume. It reported Q2 EPS of 4 cents vs. a 1 cent per share loss for Q2 of 2013.

  After reaching an all-time high of 124.67 on February 27, Social Media has since fallen 13%.

  Dreamworks plunged 12% in 9x avg. trading, its biggest one-day drop since February 26. It posted a Q2 loss of $15 mil. vs. a $22 mil. profit a year ago.

 

 Indices  7/29  7/30  %YTD 
 Video Gaming 12.36 12.40 35.1 
 Internet Content 57.15 57.76 22.3 
 Fiber Optics 2.58 2.56 20.5 
 Satellite TV 73.90 73.88 16.2 
 Consumer Elec. 81.00 81.12 16.0 
 Telco 43.75 43.26 15.1 
 Towers 318.48 326.05 15.1 
 Home Video 229.08 234.29 12.1 
 DJ Utilities 558.23 548.58 11.8 
 NASDAQ 100 3,959.03 3,976.07 10.7 
 Cable MSO 70.80 71.18 9.5 
 Digital Life 516.51 522.31 8.7 
 NASDAQ 4,442.70 4,462.90 6.9 
 S&P 500 1,969.95 1,970.07 6.6 
 Wireless Tech. 13.48 13.49 5.2 
 Broadband Tech. 21.21 21.28 4.9 
 Movie Theaters 13.74 13.74 3.9 
 Publishing 78.01 78.05 2.8 
 Internet Media 124.01 125.37 1.8 
 Dow Jones Avg. 16,912.11 16,880.36 1.8 
 Motion Pictures 37.67 37.49 1.0 
 3D 32.80 32.58 (0.5) 
 Russell 2000 1,141.64 1,146.57 (1.5) 
 Wireless Prov. 29.62 29.35 (4.1) 
 Global Cable 114.10 114.43 (4.4) 
 Advertising 97.23 96.51 (4.8) 
 Satellite Networks 59.63 59.68 (5.0) 
 Television 107.32 107.61 (5.2) 
 Social Media 102.31 107.90 (6.4) 
 Global Wireless 83.94 84.03 (7.2) 
 Interactive TV 21.26 21.48 (12.9) 
 Radio 16.33 16.40 (13.0) 
 © 2012 PK Worldmedia, Inc. All rights reserved.