Peacock, Netflix and Apple TV+

Comcast to launch bundle with Peacock, Netflix and Apple TV later this month

Comcast said Tuesday it will introduce a streaming bundle for its cable, broadband and mobile subscribers, tying together Peacock, Netflix and Apple TV+ at a discounted rate.

The announcement, made Tuesday at the MoffettNathanson media conference in New York, comes as major media players increasingly join forces to drive value for users and subscriptions for streaming services.

On May 8, Disney and Warner Bros. Discovery announced a bundle of its streaming services — Disney+, Hulu and Max.

Comcast’s offer follows a model similar to several bundles from Verizon: Its streaming bundle will be offered to existing Comcast subscribers, which could help prop up its pay-TV subscribers.

The company lost 487,000 cable TV customers during the first quarter, Comcast reported during earnings on April 25. The company’s wireless business, however, saw a 21% jump in customers to 6.9 million total lines.

Comcast did not disclose the price of the upcoming bundle. Peacock subscription plans start at $5.99 per month, though that’s increasing to $7.99 per month this summer. Comcast broadband customers typically receive a discount on the company’s streaming service.

Netflix plans start at $6.99 per month, and Apple TV+ costs $9.99 per month.

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

— CNBC’s Kerry Caufield, Lillian Rizzo and Alex Sherman contributed to this report.

Disclosure: Comcast owns NBCUniversal, the parent company of CNBC.

Don’t miss these exclusives from CNBC PRO

Source link

Related Posts

Mastercard stock hits all-time high at $537.18 amid robust growth

In other recent news, Mastercard has announced a new share repurchase program, allowing the company to buy back up to $12 billion of its Class A shares. This program is…

Read more

AIRE stock touches 52-week high at $2.3 amid market fluctuations

In other recent news, reAlpha Tech Corp. has made significant strides in its operations. The company announced the launch of reAlpha Enterprise, an AI-driven homebuying platform tailored for corporate relocation…

Read more

Lebanon hopes for neighbourly relations in first message to new Syria government

Lebanese Foreign Minister Abdallah Bou Habib passed on the message – Beirut’s first to the new administration in Damascus – to his Syrian counterpart Asaad Hassan al-Shibani in a phone…

Read more

Byrna Technologies Stock Hits 52-Week High at $30.15 Amid Surge

In other recent news, Byrna Technologies Inc. has reported substantial growth in its fiscal third quarter 2024 earnings. The company announced a 194% year-over-year increase in net revenue, reaching $20.9…

Read more

Wall Street slips as rising yields pressure some shares

(Reuters) -Wall Street’s main indexes were subdued in light trading volumes on Thursday, as rising yields limited gains in equities, while investors looked for a year-end boost from the so-called…

Read more

LVTX stock touches 52-week low at $0.95 amid market challenges

In other recent news, Lava Therapeutics has experienced significant changes in its financial and clinical projections. The company decided to halt its LAVA-1207 program after it failed to meet the…

Read more

Leave a Reply