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LOS ANGELES (Reuters) - U.S. pay TV customers will have more chances this fall to catch up on shows in mid-season as networks increase video-on-demand offerings in their battle to keep audiences from jumping to streaming services.
The shift is part of the jockeying among television networks, cable and satellite providers, and online subscription services like Netflix Inc <NFLX.O> to attract viewers and maximize profits in an industry undergoing rapid change.
Networks want consumers to stick with the cable and satellite services that provide their biggest revenue source. Cable channels, for example, will receive $52.7 billion in fees from pay TV operators this year, just more than half of total revenue, according to data from SNL Kagan.
To feed consumers' desire for the binge viewing made popular with streaming services, the networks are promising a significant increase in on-demand access to episodes of current seasons through set-top boxes, websites and mobile apps.
"Being able to catch up is clearly important," CBS Entertainment President Glenn Geller said in an interview. "Fans want to watch the shows when they want to watch them."
https://www.yahoo.com/news/tv-netwo...gs-fight-cord-cutting-100341217--finance.html
The shift is part of the jockeying among television networks, cable and satellite providers, and online subscription services like Netflix Inc <NFLX.O> to attract viewers and maximize profits in an industry undergoing rapid change.
Networks want consumers to stick with the cable and satellite services that provide their biggest revenue source. Cable channels, for example, will receive $52.7 billion in fees from pay TV operators this year, just more than half of total revenue, according to data from SNL Kagan.
To feed consumers' desire for the binge viewing made popular with streaming services, the networks are promising a significant increase in on-demand access to episodes of current seasons through set-top boxes, websites and mobile apps.
"Being able to catch up is clearly important," CBS Entertainment President Glenn Geller said in an interview. "Fans want to watch the shows when they want to watch them."
https://www.yahoo.com/news/tv-netwo...gs-fight-cord-cutting-100341217--finance.html