3/15/2023 0 Comments Streamcast comcast![]() (NASDAQ:CHTR) is a leading broadband connectivity company and cable operator serving more than 32 million customers in 41 states through its Spectrum brand. This joint venture does not involve the broadband or cable video businesses of either Comcast or Charter which will remain independent.Ĭharter Communications, Inc. The closing of the joint venture is subject to customary closing conditions. Peacock also will be featured on the joint venture’s streaming platform, alongside other popular apps. The products will feature hundreds of free content choices through Xumo, a free, ad-supported service currently delivering more than 200 unique streaming channels. ![]() The joint venture’s products will give consumers a state-of-the-art streaming experience to access their favorite apps, based on Comcast’s Flex product, which currently delivers all the most-watched streaming apps in the marketplace. “As the video landscape continues to evolve, this venture will increase retail consumer options, compete at scale with established national platforms, and join our existing lineup of options for the Spectrum TV App available on most customer-owned streaming devices.” “Our new venture will bring a full-featured operating platform, new devices, and smart TVs with a robust app store providing a more streamlined and aggregated experience for the customer,” said Tom Rutledge, Charter Chairman and CEO. “This partnership uniquely brings together more than a decade of technical innovation, national scale and new opportunities to monetize our combined investment.” These products are all designed to make search and discovery across live, on-demand and streaming video seamless and incredibly simple for consumers,” said Dave Watson, CEO of Comcast Cable. "We’re thrilled to partner with Charter to bring this platform and its award-winning experience to millions of new customers. Comcast will continue to offer the Flex streaming platform as a streaming device and service to its customers. Charter will offer the 4K streaming TV devices and voice remotes beginning in 2023. Xumo will continue to operate as a free global streaming service available through the joint venture’s products and third-party devices. The XClass TVs will be available through national retail partners and potentially direct from Comcast and Charter to provide more customer choice. Charter will make an initial contribution of $900 million, funded over multiple years. The joint venture will offer app developers, streamers, retailers, operators, and hardware manufacturers the opportunity to reach customers in major markets across the country with the platform.Ĭomcast will license Flex, its aggregated streaming platform and hardware to the joint venture, contribute the retail business for XClass TVs and also will contribute Xumo, a streaming service it acquired in 2020. (NASDAQ: CHTR) and Comcast Corporation (NASDAQ: CMCSA) today announced that the two companies have formed a 50/50 joint venture to develop and offer a next-generation streaming platform on a variety of branded 4K streaming devices and smart TVs, providing consumers with a world-class user experience and navigation, all the top apps, and more choice in the streaming marketplace. & PHILADELPHIA, Pa.-( BUSINESS WIRE)-Charter Communications, Inc.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |