Comcast is selling Internet television channels for less than $15 a month, according to the company’s financial results.
Comcast is cutting the prices of TV channels from $15 to $10 a month and is also slashing the prices for Internet TV shows.
That means that subscribers will be paying $15 or less per month for Internet television service, a move that analysts say will increase cord cutting and drive up the cost of cable television subscriptions.
Comcast will sell TV channels to pay TV providers for $2.99 per month and Internet TV for $10.99 a month.
Comcast has been selling its TV channels since it acquired NBCUniversal in 2014.
The move has been widely criticized as a step backward for Internet access and competition, and the company is facing backlash from consumers and regulators.