Published on August 3rd, 2018 | by Brad Gibson0
Sling TV hits record 2.34 million customers, despite slowing growth
Sling TV announced Friday it now has 2.34 million subscribers, retaining its top spot as America’s largest streaming television service, but reporting a 75 percent decline in new customers from its fiscal first quarter.
Parent company Dish announced Friday in its second-quarter earnings results that it added 41,000 Sling TV customers in the second quarter, down from 91,000 new subscribers in the previous period.
Sling TV is challenged by the increasing level of competition in the live streaming media market which now includes PlayStation Vue, DirecTV Now, YouTube TV, Philo TV, Hulu Live TV, Fubo TV and AT&T’s WatchTV. All eight of these services are available as an app on Apple TV.
Dish also said in its regulatory filing Friday that the removal of networks from Univision on Sling TV could be for good.
“This removal could become permanent,” Dish said in the filing.
Dish and Univision have been in contentious contract renewal talks over rates to air Univision networks and affiliates on both Dish TV and Sling TV. As a result, Dish terminated broadcasting of Univision networks on July 30th.
Dish said its analysis comes from the fact that Univision’s programming is available via over-the-air antennas and directly from Univision through its Univision Now streaming service, priced at $7.99 a month. Univision has accused Dish of rejecting multiple opportunities to resolve the standoff.
In its 10-Q filing, Dish said the loss of Univision could have a negative financial impact moving forward. “There can be no assurance that the removal of these Univision channels will not have a material adverse effect on our business, results of operations and financial condition or otherwise disrupt our business,” Dish said in the filing.
The Sling TV app is available for download from the Apple TV App Store. The service has been available on Apple TV since June of 2016.