Analysts, Comcast CEO: Dish's new ‘Sling TV’ service will not topple pay TV

Analysts, Comcast CEO: Dish's new ‘Sling TV’ service will not topple pay TV

During the course of the proceedings at the Citi 2015 Global Internet, Media & Telecommunications Conference in Las Vegas on Tuesday, a few Wall Street analysts and Comcast CEO Neil Smit argued that Dish Network's new 'Sling TV' service is not likely to topple pay TV.

With Dish having announced its new 20 per-month 'Sling TV' streaming video service on Monday, the analysts and Smit said that the move by Dish will chiefly attract a niche audience rather than upend pay TV.

According to the argument put forth by Smit, some consumers may go in for offers like 'Sling TV' service, while most of the consumers will continue to enjoy conventional pay TV bundles. Smit also explained that, to attract millennials and budget-conscious consumers, pay TV and content providers will continue to engage in "more experimentation."

Expressing a similar option in a Tuesday-released report titled 'This Sling Won't Bring Down a Goliath,' Nomura analyst Anthony DiClemente said that "cable TV distributors continue to make the double-play bundle economically attractive as a way to retain consumers."

Noting that a switch from a double-play to a broadband-only package essentially underscores a monthly saving of between $30 and $50 at current promotional rates, DiClemente said: "Adding in the desired OTT services, such as Sling TV, Netflix and/or Hulu [Plus], quickly erodes that savings."

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