1 Major Reason Comcast's CEO Is Excited About Streaming. Hint: It's Not Peacock.
"I'm excited about streaming," (NASDAQ: CMCSA) CEO Brian Roberts said at an investors conference last month.
The head of the biggest cable TV provider is welcoming more and more streaming video content, even as it leads to more cord-cutting. More than 4.3 million Comcast subscribers have dropped its pay-TV service since the start of 2021.
The company joined the streaming wars in the summer of 2020 with the launch of Peacock. And while that service is showing some strength, garnering 22 million paid subscribers, it's certainly not enough to offset the impact of cord-cutting. That's not the reason Roberts is excited about streaming.
Source Fool.com