Every generation needs a revolution - an entrepreneurial revolution
We were unable to get a CATV franchise in our town Despite a feverish campaign to get the local council approve the franchise and despite that some members of the council were friends and relatives we did not get the franchise. They gave it to somebody from another town, who promptly sold the franchise to another party. Some of the members, somebody who bore our middle name, being a lineman at a telco, removed some of the cables. We incurred a half million loss from the misadventure. From what I know there was no working CATV in our town.
Now a telco is bundling their offering with a cable TV package. They call this OTT - over the top services Woe unto somebody who has a cable TV franchise. The news article predicited the end of the cable TV industry as we know it
Biz Buzz learned that Uy is now in the final stages of designing a new service offering that will bundle most, if not all, of the channels currently available on cable TV with the internet service of every single Converge subscriber.
More importantly, the service will come at no additional fee for the subscriber as the cost of carrying all those channels will be tucked into the existing subscription fee.
Uy recently made waves by giving subscribers free speed upgrades, with some seeing their internet speeds rise by a factor of ten for the same price. The addition of OTT services that allow one to watch their favorite channels for free— instead of subscribing to cable TV services, whether wired or delivered via satellite dish— will make Converge an even more compelling service.
Read more: https://business.inquirer.net/394338/biz-buzz-cable-tv-industry-killer#ixzz7xo28DUuI
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Their losses could be huge The immediate effect would be loss of new subscribers, and then non renewal of subscription
Were we glad we are not into this business anymore.
