Danish telco and cable operator TDC lost TV subscribers in the year to September and saw its TV profits decline sharply.
The operator had 987,000 TV subscribers at the end of the period, down 20,000 year on year. Gross profit from TV declined by 12.8% due to the inclusion SVOD services in its TV packages, higher content costs and investment in its own content line-up.
On the positive side, Nuuday, TDC’s service provider arm struck three new strategic partnership with TV2, Nordic Film and C More to bring more content to its offering, but the company failed to strike a renewal deal with Discovery.
The decline in TV customers along with lower mobile handset sales had a negative impact on TDC’s consemer revenue, which fell by 0.5% to DKK8.2 billion (€1.1 billion) for the first nine months. The decline in subs was partly offset by increases in price across broadband,TV and mobile voice.
TDC’s overall gross profit fell by 2.3% to DKK5.75 billion due to lower landline voice revenues and increased TV content costs.
ICYMI: Sky Italia MD and programming chief to leave digitaltveurope.com/2021/04/22/sky… https://t.co/F03jVwNLr8
22 April 2021 @ 20:04:00 UTC
ICYMI: Viaplay subs jump by a quarter as @nent_group targets new markets digitaltveurope.com/2021/04/22/via… https://t.co/S9MNWmFqrl
22 April 2021 @ 19:15:00 UTC
ICYMI: @IBCShow confirms plans for 2021 event staging digitaltveurope.com/2021/04/22/ibc… https://t.co/fSQn724zz7
22 April 2021 @ 18:00:00 UTC
Horse & Country launches free service on Vizio SmartCast digitaltveurope.com/2021/04/22/hor… https://t.co/J7DSRu16Uf
22 April 2021 @ 17:30:00 UTC
.@Roku enters into Original programming, rebrands Quibi content digitaltveurope.com/2021/04/22/rok… https://t.co/Drwo6AHILD
22 April 2021 @ 17:00:01 UTC