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Altice CEO says cable will die
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AllTideUp Offline
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Post: #1
Altice CEO says cable will die
From CNBC:

The following are select excerpts, but there's a lot of interesting things in this interview.


Quote:Let’s talk about the future of linear cable TV. Do you envision a day where Altice does not offer linear cable TV?

Yeah. Because the economics get worse and worse every year. As we’ve been speaking, since I’ve known you over the last five years, the story is still the same. Price levels for content continue to rise. Eyeballs for content over big bundles continue to fall.


Quote:So let me ask that question in a slightly different way. Do you envision a day where cable TV, as we know it, simply no longer exists?

Yes. For sure. Everything is going to be IP-based, and then the question is because everything is IP based, and you have so many different choices...what the cable bundle is doing today is putting together everything that’s available in the OTT world and providing it to you in a good format for you to be able to guide yourself through lots of different options in the way you watch television.


Quote:So this idea that some media executives have that there’s going to be a floor at 50 million subscribers, that’s ultimately fantasy?

I think so, because name me one person under 30 years old who has a cable video connection.

I can’t.

So it’s just a question of time. People grow up in a certain way. I tell my kids all day long, how could you spend 10 hours a day on your iPhone? And they’re like, “Daddy, that’s our life. We didn’t go out in the woods and build bricks and castles and stuff like you. That stuff is boring. My whole life is on my phone.” So, there’s an evolution of technology and habits and the way people consume content that’s changed dramatically over the last ten years, and it’s going to continue to change.



Quote:Do you feel like this transition to streaming is good for the industry? It seems to me there’s a scenario where media companies, by and large, end up with worse financial results in a streaming world compared to the cable world.

Listen, I’m not running a media company today, but I do think there’s some truth in what you say. When people start getting valued on an OTT subs basis, that are probably returning less money than affiliate fees coming from a cable operator to them, it doesn’t psychologically make sense.

Maybe you can distribute a lot quicker through an OTT platform than you can today. But as you continue to slice and dice habits for what people watch on TV, I think people will start leaving a lot of some of the traditional content providers. People are going to say, listen, I don’t need CBS All Access, or Peacock, or Discovery+, whatever it is. There will be a lot of people who do subscribe, but there will be people who’ll just walk away from it completely. So, time will tell.
03-01-2021 10:56 PM
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Wedge Offline
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Post: #2
RE: Altice CEO says cable will die
The third quote is the most telling, about kids or people under 30 using their iPhone so much.

The issue for cable or traditional TV providers is that for people in that age group, or anyone else for whom the smartphone is the primary device, people get used to consuming "TV" on the phone or tablet, whether it's a TV app like YouTube TV, or Netflix or Hulu or whatever.

That means "TV" is just another app on the iPhone or iPad. It's not just competing for attention and money with other TV providers or even streamers like Netflix, it's competing for attention and money with every app on the device -- Snapchat, TikTok, Instagram, Spotify, Fortnite, other games, etc., etc. As a result, that audience, which is going to be the majority within 10 years, is much more fragmented than the older audience of people whose primary device is the TV set.
03-02-2021 04:04 AM
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ken d Online
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RE: Altice CEO says cable will die
(03-02-2021 04:04 AM)Wedge Wrote:  The third quote is the most telling, about kids or people under 30 using their iPhone so much.

The issue for cable or traditional TV providers is that for people in that age group, or anyone else for whom the smartphone is the primary device, people get used to consuming "TV" on the phone or tablet, whether it's a TV app like YouTube TV, or Netflix or Hulu or whatever.

That means "TV" is just another app on the iPhone or iPad. It's not just competing for attention and money with other TV providers or even streamers like Netflix, it's competing for attention and money with every app on the device -- Snapchat, TikTok, Instagram, Spotify, Fortnite, other games, etc., etc. As a result, that audience, which is going to be the majority within 10 years, is much more fragmented than the older audience of people whose primary device is the TV set.

Speaking for myself, my hope is that by the time phones are the primary or only source of live sports I will already be dead. Fortunately for me, the odds of that aren't very long.
03-02-2021 01:04 PM
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RE: Altice CEO says cable will die
(03-02-2021 01:04 PM)ken d Wrote:  
(03-02-2021 04:04 AM)Wedge Wrote:  The third quote is the most telling, about kids or people under 30 using their iPhone so much.

The issue for cable or traditional TV providers is that for people in that age group, or anyone else for whom the smartphone is the primary device, people get used to consuming "TV" on the phone or tablet, whether it's a TV app like YouTube TV, or Netflix or Hulu or whatever.

That means "TV" is just another app on the iPhone or iPad. It's not just competing for attention and money with other TV providers or even streamers like Netflix, it's competing for attention and money with every app on the device -- Snapchat, TikTok, Instagram, Spotify, Fortnite, other games, etc., etc. As a result, that audience, which is going to be the majority within 10 years, is much more fragmented than the older audience of people whose primary device is the TV set.

Speaking for myself, my hope is that by the time phones are the primary or only source of live sports I will already be dead. Fortunately for me, the odds of that aren't very long.

I was told that the principal benefit of streaming would be the ability to watch a replay of a game on your phone while waiting in line for your latte at starbucks.
03-02-2021 01:11 PM
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Wedge Offline
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RE: Altice CEO says cable will die
(03-02-2021 01:11 PM)RocketCitySooner Wrote:  
(03-02-2021 01:04 PM)ken d Wrote:  
(03-02-2021 04:04 AM)Wedge Wrote:  The third quote is the most telling, about kids or people under 30 using their iPhone so much.

The issue for cable or traditional TV providers is that for people in that age group, or anyone else for whom the smartphone is the primary device, people get used to consuming "TV" on the phone or tablet, whether it's a TV app like YouTube TV, or Netflix or Hulu or whatever.

That means "TV" is just another app on the iPhone or iPad. It's not just competing for attention and money with other TV providers or even streamers like Netflix, it's competing for attention and money with every app on the device -- Snapchat, TikTok, Instagram, Spotify, Fortnite, other games, etc., etc. As a result, that audience, which is going to be the majority within 10 years, is much more fragmented than the older audience of people whose primary device is the TV set.

Speaking for myself, my hope is that by the time phones are the primary or only source of live sports I will already be dead. Fortunately for me, the odds of that aren't very long.

I was told that the principal benefit of streaming would be the ability to watch a replay of a game on your phone while waiting in line for your latte at starbucks.

Watch the game live on your phone while you're not at home. That's the primary benefit, from my in-between perspective, i.e., over 30 and not on TikTok like my kids are, but also not wedded to the big home TV like my parents. The benefit is that you don't have to be glued to your couch at home to watch.

But that's my perspective. The perspective of my kids' generation is that TV is just one of many potential "digital" entertainment options, and that the conventional TV set is just another screen that has some advantages and some disadvantages.
03-02-2021 01:59 PM
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ken d Online
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Post: #6
RE: Altice CEO says cable will die
(03-02-2021 01:59 PM)Wedge Wrote:  
(03-02-2021 01:11 PM)RocketCitySooner Wrote:  
(03-02-2021 01:04 PM)ken d Wrote:  
(03-02-2021 04:04 AM)Wedge Wrote:  The third quote is the most telling, about kids or people under 30 using their iPhone so much.

The issue for cable or traditional TV providers is that for people in that age group, or anyone else for whom the smartphone is the primary device, people get used to consuming "TV" on the phone or tablet, whether it's a TV app like YouTube TV, or Netflix or Hulu or whatever.

That means "TV" is just another app on the iPhone or iPad. It's not just competing for attention and money with other TV providers or even streamers like Netflix, it's competing for attention and money with every app on the device -- Snapchat, TikTok, Instagram, Spotify, Fortnite, other games, etc., etc. As a result, that audience, which is going to be the majority within 10 years, is much more fragmented than the older audience of people whose primary device is the TV set.

Speaking for myself, my hope is that by the time phones are the primary or only source of live sports I will already be dead. Fortunately for me, the odds of that aren't very long.

I was told that the principal benefit of streaming would be the ability to watch a replay of a game on your phone while waiting in line for your latte at starbucks.

Watch the game live on your phone while you're not at home. That's the primary benefit, from my in-between perspective, i.e., over 30 and not on TikTok like my kids are, but also not wedded to the big home TV like my parents. The benefit is that you don't have to be glued to your couch at home to watch.

But that's my perspective. The perspective of my kids' generation is that TV is just one of many potential "digital" entertainment options, and that the conventional TV set is just another screen that has some advantages and some disadvantages.

When I'm not at home, it's because I'm doing something else besides watching sports. I can't imagine watching football on such a tiny screen anyway, and if I were holding a phone, what would I use to hold a beer and a nacho?

I feel sorry for kids whose entire view of the world is limited to a 3"X5" screen.
03-02-2021 02:46 PM
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Wedge Offline
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Post: #7
RE: Altice CEO says cable will die
(03-02-2021 02:46 PM)ken d Wrote:  
(03-02-2021 01:59 PM)Wedge Wrote:  
(03-02-2021 01:11 PM)RocketCitySooner Wrote:  
(03-02-2021 01:04 PM)ken d Wrote:  
(03-02-2021 04:04 AM)Wedge Wrote:  The third quote is the most telling, about kids or people under 30 using their iPhone so much.

The issue for cable or traditional TV providers is that for people in that age group, or anyone else for whom the smartphone is the primary device, people get used to consuming "TV" on the phone or tablet, whether it's a TV app like YouTube TV, or Netflix or Hulu or whatever.

That means "TV" is just another app on the iPhone or iPad. It's not just competing for attention and money with other TV providers or even streamers like Netflix, it's competing for attention and money with every app on the device -- Snapchat, TikTok, Instagram, Spotify, Fortnite, other games, etc., etc. As a result, that audience, which is going to be the majority within 10 years, is much more fragmented than the older audience of people whose primary device is the TV set.

Speaking for myself, my hope is that by the time phones are the primary or only source of live sports I will already be dead. Fortunately for me, the odds of that aren't very long.

I was told that the principal benefit of streaming would be the ability to watch a replay of a game on your phone while waiting in line for your latte at starbucks.

Watch the game live on your phone while you're not at home. That's the primary benefit, from my in-between perspective, i.e., over 30 and not on TikTok like my kids are, but also not wedded to the big home TV like my parents. The benefit is that you don't have to be glued to your couch at home to watch.

But that's my perspective. The perspective of my kids' generation is that TV is just one of many potential "digital" entertainment options, and that the conventional TV set is just another screen that has some advantages and some disadvantages.

When I'm not at home, it's because I'm doing something else besides watching sports. I can't imagine watching football on such a tiny screen anyway, and if I were holding a phone, what would I use to hold a beer and a nacho?

I feel sorry for kids whose entire view of the world is limited to a 3"X5" screen.

I used to say that about music. I remember thinking people were never going to want to listen to their music on a phone given that any decent home stereo system sounds much better. But portability and convenience won out with music, and it's going to win out with video as well, for better or for worse.
03-02-2021 02:53 PM
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JRsec Offline
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RE: Altice CEO says cable will die
This is only going to put more pressure on further consolidation for the leverage that the schools will need to hold some kind of baseline on what otherwise in 10 to 15 years will be a sharp decline in media revenue for the schools.

By putting that pressure on the rights holders perhaps a better way to monetize the streams either through packaging, tiers, or fees, will be forthcoming. But when the cable model fails, and I agree that it will, a comprehensive rights package will need to be in place to prevent dramatic losses.
03-02-2021 06:02 PM
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RE: Altice CEO says cable will die
(03-02-2021 06:02 PM)JRsec Wrote:  This is only going to put more pressure on further consolidation for the leverage that the schools will need to hold some kind of baseline on what otherwise in 10 to 15 years will be a sharp decline in media revenue for the schools.

By putting that pressure on the rights holders perhaps a better way to monetize the streams either through packaging, tiers, or fees, will be forthcoming. But when the cable model fails, and I agree that it will, a comprehensive rights package will need to be in place to prevent dramatic losses.

If this were to happen before 2035, what happens to the ACC's contract with ESPN? Will it be in effect if ESPN moves to streaming before then? Is it possible the ACC's ridiculously long contract term could turn out to have been a smart move?
03-02-2021 08:08 PM
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RE: Altice CEO says cable will die
(03-02-2021 08:08 PM)ken d Wrote:  
(03-02-2021 06:02 PM)JRsec Wrote:  This is only going to put more pressure on further consolidation for the leverage that the schools will need to hold some kind of baseline on what otherwise in 10 to 15 years will be a sharp decline in media revenue for the schools.

By putting that pressure on the rights holders perhaps a better way to monetize the streams either through packaging, tiers, or fees, will be forthcoming. But when the cable model fails, and I agree that it will, a comprehensive rights package will need to be in place to prevent dramatic losses.

If this were to happen before 2035, what happens to the ACC's contract with ESPN? Will it be in effect if ESPN moves to streaming before then? Is it possible the ACC's ridiculously long contract term could turn out to have been a smart move?

Swofford's revenge.
03-02-2021 08:53 PM
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JRsec Offline
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RE: Altice CEO says cable will die
(03-02-2021 08:08 PM)ken d Wrote:  
(03-02-2021 06:02 PM)JRsec Wrote:  This is only going to put more pressure on further consolidation for the leverage that the schools will need to hold some kind of baseline on what otherwise in 10 to 15 years will be a sharp decline in media revenue for the schools.

By putting that pressure on the rights holders perhaps a better way to monetize the streams either through packaging, tiers, or fees, will be forthcoming. But when the cable model fails, and I agree that it will, a comprehensive rights package will need to be in place to prevent dramatic losses.

If this were to happen before 2035, what happens to the ACC's contract with ESPN? Will it be in effect if ESPN moves to streaming before then? Is it possible the ACC's ridiculously long contract term could turn out to have been a smart move?

Well to answer your last question, NO! The SEC has renewed for a whopping amount and the ACC sits. The Big 10 will renew for a decent bump and the ACC sits. The Big 12 and PAC 12 will get new contracts and the ACC sits, so there is no way short of delusion to spin the ACC's inordinately long and short sighted contract into a positive. The SEC's new deal will expire at the end of the 2034-5 season, a year before the ACC's.

But to the main thrust of your question it might put the kabosh on the ACCN, SECN and BTN not to mention the LHN, but those would morph to streaming and the NET profits split as the contract dictates. T1 and T2 rights contracts would have to be honored.
03-02-2021 08:54 PM
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XLance Offline
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RE: Altice CEO says cable will die
As streaming continues to expand we are starting to see a pattern unfold.
In the OTA market:
ESPN/ABC has secured the SEC. I think we will see NBC continue with Notre Dame at least for a while, and I expect CBS to pick up the Big Ten.
So what happens to the little three?
First I think that the ESPN family will shrink down to maybe two channels (ESPN/ESPN2) at the most. Content will come from current sources with the little three struggling to get much air time except for some of the better matchups.
At this point, what was will be new again. Companies like Raycom will re-emerge and recreate markets on a local level for what ever configuration the little three find themselves in (whether that means selling a dedicated streaming package or more likely OTA broadcast packages to local TV outlets).
Since schools will have production capability, the networks will eventually contract with the schools directly and bypass the conferences. Then they will be able to pick up the "stars" of the little three and eliminate paying the "duds" of the SEC and B1G, probably settling on two tiers, where there would be movement up and down between the two tiers.

One thing is certain....there will be change.
03-03-2021 06:32 AM
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RE: Altice CEO says cable will die
(03-02-2021 01:59 PM)Wedge Wrote:  
(03-02-2021 01:11 PM)RocketCitySooner Wrote:  
(03-02-2021 01:04 PM)ken d Wrote:  
(03-02-2021 04:04 AM)Wedge Wrote:  The third quote is the most telling, about kids or people under 30 using their iPhone so much.

The issue for cable or traditional TV providers is that for people in that age group, or anyone else for whom the smartphone is the primary device, people get used to consuming "TV" on the phone or tablet, whether it's a TV app like YouTube TV, or Netflix or Hulu or whatever.

That means "TV" is just another app on the iPhone or iPad. It's not just competing for attention and money with other TV providers or even streamers like Netflix, it's competing for attention and money with every app on the device -- Snapchat, TikTok, Instagram, Spotify, Fortnite, other games, etc., etc. As a result, that audience, which is going to be the majority within 10 years, is much more fragmented than the older audience of people whose primary device is the TV set.

Speaking for myself, my hope is that by the time phones are the primary or only source of live sports I will already be dead. Fortunately for me, the odds of that aren't very long.

I was told that the principal benefit of streaming would be the ability to watch a replay of a game on your phone while waiting in line for your latte at starbucks.

Watch the game live on your phone while you're not at home. That's the primary benefit, from my in-between perspective, i.e., over 30 and not on TikTok like my kids are, but also not wedded to the big home TV like my parents. The benefit is that you don't have to be glued to your couch at home to watch.

But that's my perspective. The perspective of my kids' generation is that TV is just one of many potential "digital" entertainment options, and that the conventional TV set is just another screen that has some advantages and some disadvantages.

Pre Wuhan, one busy school day, I ran through the middle of the Emory campus. I only saw a single female who did not have a tablet or phone in her hand. She had hers in her back pocket. That included a bunch of females walking with other people. The males weren't quite as bad, but were still about 50% with a phone attached to their hand.
03-04-2021 08:26 PM
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Post: #14
RE: Altice CEO says cable will die
(03-02-2021 02:53 PM)Wedge Wrote:  
(03-02-2021 02:46 PM)ken d Wrote:  
(03-02-2021 01:59 PM)Wedge Wrote:  
(03-02-2021 01:11 PM)RocketCitySooner Wrote:  
(03-02-2021 01:04 PM)ken d Wrote:  Speaking for myself, my hope is that by the time phones are the primary or only source of live sports I will already be dead. Fortunately for me, the odds of that aren't very long.

I was told that the principal benefit of streaming would be the ability to watch a replay of a game on your phone while waiting in line for your latte at starbucks.

Watch the game live on your phone while you're not at home. That's the primary benefit, from my in-between perspective, i.e., over 30 and not on TikTok like my kids are, but also not wedded to the big home TV like my parents. The benefit is that you don't have to be glued to your couch at home to watch.

But that's my perspective. The perspective of my kids' generation is that TV is just one of many potential "digital" entertainment options, and that the conventional TV set is just another screen that has some advantages and some disadvantages.

When I'm not at home, it's because I'm doing something else besides watching sports. I can't imagine watching football on such a tiny screen anyway, and if I were holding a phone, what would I use to hold a beer and a nacho?

I feel sorry for kids whose entire view of the world is limited to a 3"X5" screen.

I used to say that about music. I remember thinking people were never going to want to listen to their music on a phone given that any decent home stereo system sounds much better. But portability and convenience won out with music, and it's going to win out with video as well, for better or for worse.

When I was a teen and young 20s, quality sound was everything. Now they don't care that match.
03-04-2021 08:27 PM
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RE: Altice CEO says cable will die
(03-02-2021 06:02 PM)JRsec Wrote:  This is only going to put more pressure on further consolidation for the leverage that the schools will need to hold some kind of baseline on what otherwise in 10 to 15 years will be a sharp decline in media revenue for the schools.

By putting that pressure on the rights holders perhaps a better way to monetize the streams either through packaging, tiers, or fees, will be forthcoming. But when the cable model fails, and I agree that it will, a comprehensive rights package will need to be in place to prevent dramatic losses.

Cable with captive fees worked well. Pay Per View wasn't that good. Now they are essentially having to go back to a modified version of Pay Per View.
03-04-2021 08:28 PM
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RE: Altice CEO says cable will die
The under 30’s have destroyed everything else in the country, why should spectator sports be immune.
03-06-2021 07:38 PM
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RE: Altice CEO says cable will die
(03-06-2021 07:38 PM)CardinalJim Wrote:  The under 30’s have destroyed everything else in the country, why should spectator sports be immune.

You ultimately inherit what you create. Boomers invested in sports and we had a world filled with them. Past X'ers the world that these kids will inherit will be bleak, violent, ignorant, and by our standards Hellish. The only thing that they inherit that we permitted was massive government debt. Shame on us for that part of it. But I say Hellish for them because they have no imagination that isn't stimulated by video. Their creativity is pretty low. But hey CJ if they love that so be it. It's only our world until we are gone and our job is over at that point. We are witnessing the passing of our world in part because of our age, and in part because we failed to pass on better values. But to that end we faced a headwind on passing down values like no other generation. The tube took over as teacher for the parents.
(This post was last modified: 03-06-2021 08:13 PM by JRsec.)
03-06-2021 08:11 PM
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