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Philo Is Discontinuing Its Cheaper Internet-TV Skinny Bundle for New Customers

April 22, 2019 / TODD SPANGLER

The skinniest virtual pay-TV offering available is going by the wayside. Philo, the over-the-top TV company backed by four cable programmers, is eliminating its super-skinny bundle that offered more than 40 channels for just $16 per month for new customers.It’s more evidence that OTT players are being forced to adjust their pricing and packaging — and move to a more sustainable economic model.As of May 6, Philo will offer only the $20-per-month plan (with 58 channels) to new subscribers. Current customers on the $16 monthly plan (which has 45 channels) will be able to keep that package and pricing, according to the company.Philo has been able to keep its prices relatively cheap by omitting live sports, news and broadcast networks. Most of the channels in its OTT offering are from its four cable investors: A+E Networks, AMC Networks, Discovery and Viacom. In a customer notice announcing the change, Philo CEO Andrew McCollum said that since the service launched 18 months ago,...