YouTube TV Goes Peacock Hunting
Live TV streaming services aren't any different from cable and satellite television providers, in that they're at the mercy of their content providers. To that end, Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) YouTube TV is making waves this week by going public with its spat with Comcast's (NASDAQ: CMCSA) NBCUniversal arm. Comcast is also speaking out.
Carriage rights end on Thursday for the NBCUniversal broadcasting networks and cable channels available on YouTube's cloud-based platform, and the two sides apparently aren't close to working out an extension. YouTube TV stands to lose a lot of content if the parties go their separate ways, but viewers won't end up empty-handed. In a brilliant move, Alphabet's YouTube TV is promising to cut its monthly rate from $64.99 to $54.99 while the NBCUniversal offerings remain off its platform. A cut is rarely a good look for the company that's slashing prices, but this move sends a message to Comcast's NBCUniversal that it probably isn't ready to hear.
Image source: Getty Images.
Source Fool.com
