At the end of the first quarter 2019, AT&T raised its prices for its TV subscription services
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Question:
At the end of the first quarter 2019, AT&T raised its prices for its TV subscription services (DirectTV and U-verse) by 3%.
In the second quarter of 2019, AT&T lost almost 1 million TV subscribers bringing its total down to 21.6 million subscribers. This was a 5% decrease in the number of subscribers.
1) Assuming everything else held constant, what do you think happened to AT&T’s revenues from TV subscription services? Explain why.
2) Why do you think AT&T’s revenues changed negatively or positively, per your answer to part 1)?
Or what is it about TV subscription industry which caused revenues to go up or down for AT&T?
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