Video services

Viacom Sees No Cord-Cutting

NEW YORK -- Media Summit -- Viacom Inc. (NYSE: VIA) CEO Phillippe Dauman says his company is not seeing lower subscription rates for paid TV, despite reports of consumers foregoing cable services for broadband video.

At a keynote interview with Businessweek L.A. Bureau Chief Ron Grover last night, Dauman called cord cutting a "pretty dramatic step" that "very few people" would do.

"We're not seeing it. We know what the subscriber base is out there, because we receive affiliate fees based on subscribers. And the subscriber base is growing," Dauman said, when Grover asked about the possibility that Viacom's business could be impacted by fewer paid-TV subscribers.

Read the full story at Contentinople.

— Ryan Lawler, Senior Editor, Contentinople

Be the first to post a comment regarding this story.
Sign In