Philo’s success is just what investor Discovery needs
In a quarterly earnings call on Wednesday, Discovery’s CEO quietly acknowledged the company’s dependency on upstart Philo.
Philo is an Internet-based streaming cable television alternative based in San Francisco, California. The service is privately-held and owned through a consortium of investors, including A&E Networks; AMC Networks; Discovery, Inc. and Paramount Global (formerly ViacomCBS).
In a quarterly earnings call on Wednesday, Discovery’s CEO quietly acknowledged the company’s dependency on upstart Philo.
Philo executives say the donation of commercial inventory and other initiatives align with its principles of diversity and inclusion.
Philo is adding TV One to its lineup of 60 pay TV networks, making it the latest channel to be added to the budget Internet-based cable TV alternative.
The cable streaming alternatives join several other services, including Philo and Pluto TV, on Amazon’s live TV guide
For some consumers, YouTube TV is just as expensive as regular cable — or, in some cases, more costly.
YouTube TV costs $50 a month for around 70 channels. But is it the best option for cordcutters who want cable TV without cable prices?
Philo serves up more than 50 top-rated cable channels over the Internet for a low $20 a month.
The “big four” over-the-air television networks were the most-watched TV channels in 2019, according to Nielsen data.
Philo customers have to do without ESPN, CNN or Fox News — but the service is adding subscribers at a fast rate anyway, the company’s CEO says.