Charter tests streaming-only cable service for $20/month

If you’ve cut the cable cord, or have been tempted to do so, you may be getting yet another streaming option soon. Cable company Charter Communications is testing a new streaming service called Spectrum Stream among their internet subscribers. According to Reddit users who have been offered Spectrum Stream, the service costs $20/month and has 25 TV channels, including local broadcast networks, AMC, TNT, FX and the Food Network. For an additional $15 per month for three years, users can subscribe to a higher tier that includes more premium channels. Networks such an HBO and Showtime are an additional $7.50 per month each. It takes yet another additional $12/month for access to sports networks. It’s important to note that this service appears to be streaming only; there are no set-top boxes and no DVR features. Subscribers can access their channels through apps on their mobile devices and existing streaming devices. They also will have tiered access tiered access (depending on subscription level) to Charter’s vast on demand catalog. Until recently, cable companies have been reluctant to ditch ESPN from low-tier packages because of pressure from its owner, Disney. But more and more customers are canceling service to stop paying high fees for channels they don’t watch; it’s inevitable that these cable companies would seek lower priced options. As more cable companies try to court cord cutters, it will be interesting to see how services such as this complement or compete with other streaming companies. Via: Fast Company Source: Reuters , Reddit

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Charter tests streaming-only cable service for $20/month

Spotify now has 40 million paid subscribers

In the world of music streaming, numbers mean everything. Major players have come and go, but Spotify and Apple are the two companies who largely dominate the market. After Tim Cook kicked off last week’s iPhone 7 event with confirmation that Apple Music now has 17 million paying subscribers , Spotify CEO Daniel Ek has fired back with an impressive figure of his own: 40 million people are now paying to access his service. The last time Spotify updated us on its paid stats was back in March, when it eclipsed 30 million Premium users . The company hasn’t confirmed just how many total users it has today, but it did note that it had 100 million people on its books back in June . Signups may have been driven by Spotify’s decision to extend Family plans to six members , cutting the price to $15/£15 in the process. To lure in subscribers, Spotify operates a free tier, which many other streaming services have shied away from. Instead of requiring a monthly payment, the company attempts to recoup some of those streaming costs by dropping in adverts between tracks. The fact that it continues to convert users into paying customers is encouraging, especially given the competition, but the company still has a long way to go to prove that streaming music can be a decently profitable business . 40 is the new 30. Million.

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Spotify now has 40 million paid subscribers