Aereo has not disclosed an overall subscriber figure or any on a market-by-market basis. Dan Rayburn, EVP for StreamingMedia.com and a principal analyst at Frost & Sullivan,
suggested Monday (February 3) that Aereo had signed up "less than 500,000" subs in NYC, citing sources with ties to Aereo investors. He questions whether Aereo's can become a mainstream service.
"With Aereo running out of capacity in NYC, it's just another example of how their streaming TV service, isn't going to replace cable TV, for a large portion of the market, ever," Rayburn wrote.