Based on published reports, 8% of Pay-TV customers evaporated in one year. It seems like a lot in such a short period. One Communications owns the Bermuda Pay-TV market and appears to be experiencing the most impact from cord-cutting.
The cord-cutting news has no direct impact on Bermuda advertisers. Bermuda does not offer direct cable TV advertising insertions. Bermuda Broadcasting, which operates CBS and ABC in Bermuda, offers advertising placement that will appear on basic cable. The island retains a third-party TV advertising model. The legal structure for Bermuda Pay-TV restricts local businesses from reaching key demographics with TV commercials like all other major TV markets like the USA, UK, and Australia.
Cable cutting has given rise to TV advertising for local businesses on YouTube. That is the only platform that directly allows local placement to reach flat-screen TVs inside Bermuda homes. rdis now offers YouTube for any business that wants to target demos 18–64 on a wide array of TV programming.
Bermuda Pay TV Market
One
2008 - CableVision - 17,500 subs
2013 - CableVision - 19,700
2019 - One (CableVision and Logic TV) - 13,500 subs
2020 - One - 12,100 subs
WOW - entered 2004
2004 - 0
2013 - 3,000
2019 - 1,300
2020 - 1,300
Digicel TV - entered 2017
2017 - 0
2018 - ?
2019 - 1,600
2020 - 1,600
Bluewave TV - entered 2018
2018 - 0
2019 - less than 150
2020 - less than 150