Comcast Plans Streaming Bundle With Netflix and Apple TV+

Comcast, the parent company of NBCUniversal, is planning to offer its streaming service Peacock in a bundle with Netflix and Apple TV+, Brian Roberts, the company’s chief executive, said at an investor conference on Tuesday.

Called StreamSaver, the bundle will be sold at a deep discount compared with subscribing to all three services separately, Mr. Roberts said. He didn’t specify a price for the service, which is expected to debut later this month.

“We’ve been bundling video successfully and creatively for 60 years,” Mr. Roberts said. “This is the latest iteration of that. And I think this will be a pretty compelling package.”

Over the past year, several entertainment companies have joined forces to entice customers who are weary of signing up and paying for numerous individual streaming services.

Earlier this year, Warner Bros. Discovery, Fox and Disney announced that they were teaming up to offer a streaming service with games from the National Basketball Association and the National Football League. Last week, Disney and Warner Bros. Discovery said that they would bundle their streaming services, selling users a package that included Disney+, Hulu and Max.

Comcast has long offered its users a menu of streaming services on Xfinity, its package of services that includes cable television and broadband internet. For years, the company has offered services like Netflix and Apple TV+ as add-ons to its existing television bundle, acting as a vendor for those companies. This is the first time that Comcast has offered both services as part of a discounted bundle.

Comcast, which has millions of broadband and cable television customers across the United States, has different incentives to bundle streaming services together than many of its competitors have. If Comcast can give its customers additional reasons to stick with the company, or convince them to pay for more features through Xfinity, the effort to bundle services will have been worth it.

Many other internet providers have sold bundles that include streaming services. When Disney+ launched, Verizon offered a promotional bundle with that service. When the short-lived, short-form streaming service Quibi launched, T-Mobile offered to bundle its wireless offering with that service.

Comcast has been willing to spend big to gain a foothold in the competitive video streaming business. Peacock, which launched in 2020, lost $2.7 billion last year, Comcast said in a filing, but paying subscribers increased to 31 million. The company has said that Peacock’s losses were narrowing as the service matured.

Source link

Related Posts

Equinor scales back green push 7 years after dropping ‘oil’ from its name

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Norwegian state-backed energy group that dropped oil from its…

Read more

US national security adviser to discuss Chagos Islands deal with UK counterpart

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world UK national security adviser Jonathan Powell will discuss…

Read more

Google parent Alphabet slides after sales miss Wall Street estimates

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Alphabet’s revenues undershot estimates in the fourth quarter as the…

Read more

Microsoft poaches DeepMind staff behind AI podcasting feature

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Microsoft’s artificial intelligence head Mustafa Suleyman has poached his former…

Read more

Thames Water burns through £15mn a month on lawyers and advisers

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Thames Water is at present spending £15mn a month on…

Read more

Trump’s crackdown on trade loophole to hit Shein and Temu — and help Amazon

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump’s crackdown on tariff-free access for small goods could…

Read more

Leave a Reply