Dade Hayes Finance EditorPhilo, which launched in the U.S. in 2017, has reached 750,000 subscribers to its non sports streaming bundle, up 300% in the past year.On Wednesday, the company got a shout-out from Discovery’s David Zaslav.
During an earnings call with Wall Street analysts, the CEO said Philo has been a valuable driver for the company, which has carriage for networks like HGTV, OWN and the Discovery Channel on the service.With about 60 channels from Discovery, ViacomCBS, AMCNetworks and other programmers, Philo costs $20 a month.
It has caught on among a particular group of cord-cutters and cord-nevers: those uninterested in sports, which accounts for a large share of pay-TV prices.
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