Media industry in U.S undergoes massive disruption: Comcast announces spinoff of CNBC, MSNBC, could eventually sell the channels
Shift in Comcast’s Focus
Comcast aims to streamline operations by separating its cable networks from its core businesses, including internet services and its streaming platform, Peacock. Analysts suggest that spinning off the cable properties could lead to easier divestitures, aligning Comcast with other major players like Warner Bros. Discovery and Paramount Global, which have adjusted their cable strategies recently. Comcast's broadband and streaming businesses, which drive profitability, stand to benefit from this restructuring.
Also Read: OpenAI offers lavish compensation to staff; here's how much employees get paid
Peacock’s Growing Subscriber Base
Amid these changes, Comcast’s streaming platform Peacock is showing strong growth, adding 3 million subscribers in the third quarter. The platform now boasts 36 million subscribers, with its revenue surging 82% year-over-year to $1.5 billion. This growth is attributed to popular programming, including the Olympics, NFL, and shows like Love Island.
Comcast has also expressed openness to partnerships in the streaming market but remains cautious about mergers and acquisitions due to their complexities. While the company chose not to pursue Paramount earlier this year, it is exploring opportunities to expand its streaming reach strategically.
Web Development
Java 21 Essentials for Beginners: Build Strong Programming Foundations
By — Metla Sudha Sekhar, IT Specialist and Developer
Data Science
SQL Server Bootcamp 2024: Transform from Beginner to Pro
By — Metla Sudha
