On the heels of the cable TV business delivering its worst quarterly efficiency on file by way of subscribers fleeing and reducing the wire, Comcast is urgent ahead with one of many extra acquainted headlines we see out of the telecom large. We’re discuss extra worth will increase, in fact.
Comcast this week unveiled its 2019 worth will increase on a listing of plans — will increase that imply some plans beneath Comcast’s Triple Play Package deal branding, for instance, will price as a lot as $215 a month ($2,580 over the course of a yr) as soon as the promotional supply ends. And that’s earlier than you add charges and taxes on high of that, pushing the month-to-month and thus yearly totals even greater (Triple Play bundles embrace web and telephone service, and on the cheaper facet they give the impression of being to run about $155 a month now, once more, earlier than charges and taxes).
In response to the web site Wire Cutters Information, a few of these charges are additionally going up: “The Broadcast TV charge for networks like ABC, CBS, FOX, and NBC will go up from $Eight a month to $10 a month. The Regional Sports activities Payment will go up from $6.25 to $8.25 a month starting January 1, 2019. The beginning of a brand new yr as soon as once more means a brand new worth hike. This additionally comes as Spectrum just lately introduced a worth hike in some markets.”
A full checklist of all new charges and packages from Comcast that go into impact January 1, might be discovered right here.
It would seem to be an odd method contemplating the general information within the business, to constantly increase costs in a shrinking market which probably exacerbates that shrinkage. As a Techdirt piece this week notes, “Like many cable operators, Comcast continues to slowly bleed cable TV clients to cheaper, extra versatile streaming options (aka wire reducing). The business simply noticed its greatest ever quarterly loss of such subscribers in historical past, with Comcast shedding 106,000 subscribers through the third quarter alone. It’s a pattern that’s immediately due to the business’s refusal to not solely compete on worth, however flexibility and openness.”
As we famous in an earlier put up, new knowledge exhibits that the third quarter noticed essentially the most subscribers ever in a three-month interval (greater than 1 million) hand over their cable and satellite tv for pc TV packages. We’ve additionally reported just lately on knowledge from shopper analysis agency Leichtman Analysis Group, Inc., which discovered that the typical price that households pay every month for cable has gone as much as $107, which might be nearly $1,300 a yr.