Google Dominating Dying Television Market Via Youtube‽
Google (or should we say Alphabet) is trending to conquer yet another realm, although this time, it is in an arena that is slowly collapsing on itself.
Amid the gloom, though, one company has stood out: YouTube TV, which has grown from zero subscribers in 2017 to 8 million in February this year, making it the third biggest provider of traditional subscription TV in the U.S. after Charter and Comcast. [...]
It has been successful enough that YouTube TV believes it can keep growing even as traditional carriers shrink, perhaps reaching as many as 30 million households, according to two people with knowledge of its business plan. That would make it the biggest traditional TV service in the U.S. Google’s chief business officer, Philipp Schindler, told analysts on a recent quarterly earnings call that Google is even contemplating expanding YouTube TV overseas. (The Information)
YouTube reaching 30 million is easy because the video behemoth boasts 2.7 billion users (props to Social Shepherd for finding this stat).
Despite its massive size, I do not see YouTube competing with streaming services like Netflix as the latter is known for hosting professional & original content, while YouTube’s strength is merely broadcasting other people’s content (most of it by amateurs).
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