Comcast’s streaming efforts
Like many tech players, Comcast is focusing on offering online video streaming services to compete with Netflix (NFLX), Amazon (AMZN), and others, which are attracting traditional cable subscribers with lower video entertainment prices. Comcast acquired Sky for $40 billion last October to expand in the global market. Sky’s video-streaming business, Now TV, should help Comcast compete with Netflix. Comcast expects the acquisition to fuel its revenue this year.
Comcast holds 33% of Hulu. Last month, It agreed to give full operational control of Hulu to Disney, which holds the rest of the company. It could opt to sell its Hulu stake to Disney in 2024 for ~$27.5 billion.
In March, Comcast unveiled its Flex option, which allows its Internet-only customers to stream movies and shows for $5 per month. Furthermore, Comcast’s NBCUniversal unit is planning to launch video streaming services in early 2020.