Verizon’s IPTV Customers At 118K By Q3; Contents Cost Finally Factoring In

Verizon has reported some data for its IPTV services in its Q3 earnings call last week, and Multichannel picks it up. It says it has more than doubled the number of its FiOS TV customers in Q3–63K subscribers were added, bringing the total to 118K as of Sept. 30. Verizon said it’s on track to hit 175K TV subscribers by year-end.
With this, for the first time, Verizon says its content acquisition costs are becoming significant enough to at least get a mention in earnings…”We really hadn’t been doing much on content cost because it was so early on, so the third quarter had a pretty decent accrual to start the content cost,

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