AT&T's Broadband Loss Is Comcast's Video Gain
When Comcast (NASDAQ: CMCSA) CEO Brian Roberts said during last July's second-quarter conference call that "for years, we felt that video over the Internet is more friend than foe. We believe it plays to our strengths," it would have been easy to chalk it up as a throwaway comment meant to ease concerns about continued cord-cutting. Comcast sells cable television service, and clearly doesn't want to lose any paying customers.
Much has changed in the meantime. A slew of new streaming services like Disney+ have joined Netflix (NASDAQ: NFLX) in its assault on the cable television industry, while telco AT&T (NYSE: T) has continued to (inelegantly) tweak its streaming alternatives to cable entertainment. Even Comcast has jumped into the fray, unveiling an ad-supported streaming service called Peacock in January, that will become available later this year.
The catch? Consumers will still need a broadband connection to enjoy any of those choices.
Source Fool.com
