Comcast headlines: New Comcast-Charter streaming joint venture suggests the next chapter of the streaming wars is coming

From CNBC:

It’s easy to shrug off last week’s announcement that Comcast and Charter have started a joint venture to gain market share nationwide in streaming-video distribution. But the two largest U.S. cable companies may be playing a long game that could lead to a new chapter in the streaming wars.

Comcast and Charter said they had developed a 50/50 venture to push Comcast’s Flex streaming platform into more homes across America. Comcast will license Flex to Charter, giving Charter’s Spectrum subscribers access to the interface. Comcast also will contribute its smart TV business (XClass) and free ad-supported streaming service Xumo to the venture

Charter, in turn, will make an initial contribution of $900 million to fund expenses and expansion. In addition, Charter will offer Flex-operated devices and associated voice-controlled remotes, beginning in 2023. While Flex isn’t a new product, the partnership nearly doubles the device’s potential install footprint.

On the surface, it looks like Comcast and Charter started this partnership years too late. Roku, Amazon, Apple and Google have been making streaming aggregation devices and software for more than a decade. Samsungs smart TVs come with their own built-in streaming platform. What’s more, Netflix’s revelation last week that it lost customers for the first time in more than a decade suggests streaming subscribers may have peaked in the U.S., at least for the moment.

Continue reading New Comcast-Charter streaming joint venture suggests the next chapter of the streaming wars is coming on CNBC

Do you have a complaint about Comcast/Xfinity, such as hidden fees on your bill or unsatisfactory service? Take your claim to FairShake, the consumer advocacy service.


Read More:

FairShake is aggregating links to consumer news stories across the web. We claim no rights to the snippets featured.

Latest news

Verizon customers take note: Verizon’s Loss May Well Be Mint Mobile’s Gain

From Forbes: For the past year or so, everyone in our household has noticed the Verizon Wireless service degrading. As...

Editorial: The siren song of the Sprint-T-Mobile deal, says Los Angeles Times

From Los Angeles Times: Promises, promises. T-Mobile and Sprint, the third- and fourth-most popular mobile phone networks, respectively, have made...

Airbnb customers take note: “Stranger Things” home under contract and headed to Airbnb

From The Real Deal: Fans of the Netflix series “Stranger Things” found a real-life portal into The Upside Down by...

Latest Airbnb customer news: “Stranger Things” Home Sells for 2X Price, Heads to Airbnb

From The Real Deal: Fans of the Netflix series “Stranger Things” found a real-life portal into The Upside Down by...

Hold T-Mobile responsible: NLRB Knocks T-Mobile Email Discipline After DC Circ. Rebuke

From Law360: The National Labor Relations Board said Friday that T-Mobile violated federal labor law by reprimanding a customer...

Take action against AT&T: Spectrum And AT&T Escape Suit Over Database Error

From Law360: By Piper Hudspeth Blackburn (September 30, 2022, 6:58 PM EDT) -- A Michigan appeals court has upheld the...

You might also likeRELATED
Recommended to you