NEW YORK—Despite cord cutting and record pay TV sub loses in 2022, S&P Global Market Intelligence is reporting that U.S. TV station owners’ retransmission and carriage fees from cable, direct broadcast satellite, telco video operators and virtual multichannel providers reached an estimated $14.46 billion in 2022, up 3% from $14.08 billion in 2021.
Justin Nielson, principal analyst at S&P Global Market Intelligence explained that “Although traditional multichannel churn outpaced virtual subscriber gains in 2022, increases in average per-subscriber rates in renewals and annual step-ups kept gross retransmission revenues growing, albeit at a much slower pace than years prior.”
