Comcast Is Doubling Down on Peacock
Since launching Peacock in the summer of 2020, Comcast's (NASDAQ: CMCSA) management hasn't provided a lot of details on the business. But it was ready to share some key metrics with investors during its fourth-quarter earnings call in late January.
The biggest news from management was its plan to double its content spending for Peacock in 2022 from $1.5 billion to $3 billion. Here's what's giving management the confidence to double down on Peacock, and how that will impact investors.
Source Fool.com