Home » Comcast, revenues and profits up and Peacock streaming arrives on Sky

Comcast, revenues and profits up and Peacock streaming arrives on Sky

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The American giant Comcast is also trying to push streaming in Europe. And for Sky Peacock customers, Comcast and its subsidiary NbcUniversal’s flagship streaming service will make its international debut on Sky platforms, including Sky Q, Now and Sky Ticket, which currently serve customers across the UK, Ireland, Germany. , Italy, Austria and Switzerland

“By the end of the year, we will leverage the significant scale and powerful Sky brand to include Peacock at no additional cost to its 20 million customers across Europe. The benefits of this launch are enormous. We will unlock incremental advertising revenue by introducing the Peacock brand and the content catalog via Sky on established platforms in the main European markets and we will directly monetize our programming investments, ”Comcast number one Brian Roberts explained in a conference call with analysts.

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The deal with Sky represents Peacock’s first international expansion since its US launch last summer. In the past year, 54 million customers have subscribed to Peacock in the United States. Dana Strong, Sky’s Group Chief Executive Officer, said: “Peacock will be a great addition for Sky customers with over 7,000 hours of content at no additional cost. This exceptional added value is another example of our ongoing commitment to innovate to bring greater benefits to our customers by benefiting from the synergies between Sky, NBCUniversal and Comcast Cable ».

The arrival of Peacock is an important signal, also considering how much Comcast is focusing on this service used as the channel for broadcasting the rights acquired for the broadcast of the current edition of the Olympic games. This, together with the sequel to the movie “Boss Baby” available on Peacock and in theaters on the same day and the debut of the tv series “Dr. Death ”are the factors that CEO Roberts considered central to the 50% increase in customers compared to the last quarter, now at 54 million in the US.

Meanwhile, the conglomerate’s accounts were also released, with second quarter revenues rising to $ 28.546 billion with consolidated Adjusted Ebitda up 12.6% to $ 8.9 billion. Sky’s revenue increased 28% to 5.2 billion; based on constant currency. All this thanks to the push of the UK in particular. Total customers fell by 248 thousand units, paying instead the drops in Italy and Germany, as a result of the repositioning on sports rights. “We expect lower programming and production expenses, along with continued customer losses in the third and fourth quarters. We believe this disciplined approach to sports-related costs is the right long-term financial decision for the company, ”Comcast CFO Michael Cavanagh said on a conference call.

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