Jan 23 (Reuters) - Comcast CMCSA.O announced on Thursday the launch of Sports & News TV, a new video package for its Xfinity internet customers, as part of its strategy to remain competitive in the streaming era.
The move comes as customers increasingly shift from cable networks to streaming services, disrupting a once-profitable legacy business.
Comcast, owner of Universal Studios and NBC, lagged behind other media stocks in 2023, with shares dropping 14.7%. Only Paramount Global PARA.O fared worse, losing 30% of its value.
In November, Comcast revealed plans to spin off most of its NBCUniversal cable TV networks, including MSNBC and CNBC, into an independent publicly traded media company called SpinCo.
The Sports & News TV package includes all major local broadcast channels—ABC, CBS, FOX, NBC, Telemundo, and Univision—as well as major news channels like CNBC, CNN, FOX News, and MSNBC.
The $70-a-month package will also give subscribers access to live sports events such as NFL football, Premier League soccer, WWE and NBA basketball.
(Reporting by Rishi Kant in Bengaluru; Editing by Tasim Zahid)
((Rishi.Kant@thomsonreuters.com;))
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。