Sling TV Growth Grinds to Halt in Q3
After plying a $5-a-month price increase to its best-selling “Orange” tier over the summer, Sling TV had its slowest growth quarter in its nearly four-year history in Q3, adding just 26,000 users.
The metric compares most unfavorably to the 240,000 users the virtual MVPD added in the third quarter of 2017. Sling TV added just 41,000 users in the second quarter.
Related: Dish 3rd Quarter Profits Rise Despite Drop in Revenue
The platform’s growth deceleration comes at an inopportune time for parent company Dish Network, which saw attrition to its core satellite TV platform reach a record high 367,000 in Q3.
“I think one of the phenomenons you're seeing is I don't think that OTT business is slowing down,” said Dish Chairman Charlie Ergen during Dish’s third-quarter earnings call.
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Daniel Frankel is the managing editor of Next TV, an internet publishing vertical focused on the business of video streaming. A Los Angeles-based writer and editor who has covered the media and technology industries for more than two decades, Daniel has worked on staff for publications including E! Online, Electronic Media, Mediaweek, Variety, paidContent and GigaOm. You can start living a healthier life with greater wealth and prosperity by following Daniel on Twitter today!