Cord Cutting Goes Prime Time

Goldman Sachs Exchanges

Goldman Sachs

Business

4.4 • 1K Ratings

🗓️ 20 November 2015

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

In the second and third quarters of 2015, pay-TV services lost nearly one million subscribers to online streaming options. Brett Feldman and Drew Borst, equity research analysts in Global Investment Research at Goldman Sachs, share how the media and telecom industries are responding and why this is a golden era for consumer choice. This podcast was recorded on October 23, 2015. All price references and market forecasts correspond to the date of this recording. This podcast should not be copied, distributed, published or reproduced, in whole or in part. The information contained in this podcast does not constitute research or a recommendation from any Goldman Sachs entity to the listener. Neither Goldman Sachs nor any of its affiliates makes any representation or warranty, as to the accuracy or completeness of the statements or any information contained in this podcast and any liability therefor (including in respect of direct, indirect or consequential loss or damage) is expressly disclaimed. The views expressed in this podcast are not necessarily those of Goldman Sachs, and Goldman Sachs is not providing any financial, economic, legal, accounting or tax advice or recommendations in this podcast. In addition, the receipt of this podcast by any listener is not to be taken as constituting the giving of investment advice by Goldman Sachs to that listener, nor to constitute such person a client of any Goldman Sachs entity. Copyright 2015 Goldman Sachs. All rights reserved.

Transcript

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0:00.0	This is exchanges at Goldman Sachs, where people from our firm share their insights on developments
0:13.5	currently shaping markets, industries, and the global economy.
0:16.5	I'm Jake Seward, Global Head of Corporate Communications here at the firm.
0:20.3	How we watch video is changing fundamentally as new online video streaming services put pressure on traditional television providers.
0:27.5	This has investors, analysts asking is this the end of TV as we know it?
0:32.0	Brett Feldman and Drew Borsst,
0:34.0	Equity Analysts and Global Investment Research at Goldman Sachs,
0:36.0	are here to give us their take on the new TV landscape.
0:39.0	Gentlemen, welcome to the program.
0:41.0	Great to be here.
0:42.0	Thank you. Brett Drew be here. Thank you.
0:42.9	Brett Drew, perhaps the hottest issue in the media and telecom space right now is
0:46.8	chord cutting.
0:47.9	For some of the listeners who might not be as familiar with this concept,
0:51.0	explain what chord cutting it is and why it's a significant
0:53.7	topic right now.
0:56.0	So at the most basic level, cord cutting is when consumers cancel their pay TV subscription.
1:01.8	That either be with a cable company,
1:03.6	which is how the phrase cord cutting came to be,
1:05.9	or the satellite company in order
1:07.6	to exclusively watch video through streaming services.
1:11.4	But cord cutting is really only one thing that's happening with regards
	...

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