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

Trump says he has ‘no intention’ of firing Jay Powell

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Donald Trump has said he has “no intention”…

Read more

Tesla scraps growth forecast as profits fall to four-year low

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Tesla is no longer predicting a rebound in its electric…

Read more

IMF warns of rising US recession risk and defends Fed rate policy

The US is confronting an increased risk of recession as President Donald Trump’s trade war pushes the global economy into a “significant slowdown”, the IMF has warned, with the fund’s…

Read more

Badenoch says local elections will be ‘very difficult’ for Conservatives

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Kemi Badenoch has said the local elections next week will…

Read more

Gold hits $3,500 for first time as Trump’s attack on Powell rattles markets

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Gold hit a record $3,500 a troy ounce for the…

Read more

US stocks and dollar sink as Trump renews attacks on Fed chair Powell

Stay informed with free updates Simply sign up to the US equities myFT Digest — delivered directly to your inbox. Wall Street stocks and the dollar tumbled amid mounting uncertainty…

Read more

Leave a Reply