Comcast turned in the best results in video in years, and continues to do well in broadband and video content. The company has dramatically shifted its revenue profile, away from video and toward content.
Will thought this was further evidence that cord-cutting isn’t happening. He also thought Comcast was the beneficiary of the competition stumbling. Dish did poorly in Q1, AT&T has switched strategies, and Verizon is spending more time with mobile than its FiOS business.
I still believe that the pay TV market is contracting, and that ultimately Comcast video will return to losses. However, that doesn’t minimize the power of the X1 platform, which can be used to quickly launch other services.
Will loves the X1 interface, and thinks it’s a real differentiator for the company. I’m not so sure, as I see exceptional experiences from providers like TiVo and Dish Network.
I talked about the Amazon Streaming Partner Program last week, and Will thinks Comcast is well positioned to launch a competitor service. I have wanted to see operators do this for a couple of years, and other operators, not just Comcast, can launch SVOD. I also discuss an exemplary approach to operator SVOD integration from PCCW in Hong Kong.
Chapter 1: Comcast’s results (1:14)
Chapter 2: No cord-cutting? (3:45)
Chapter 3: What the competition is doing (5:15)
Chapter 4: Pay TV market is contracting, but X1 still a good invest (9:50)
Chapter 5: The X1 user experience (13:30)
Chapter 6: Operators launching SVOD services (15:30)
Chapter 7: Other operators have exceptional experiences (18:40)