Comcast's Peacock Is a Big Bet With Modest Expectations
Comcast (NASDAQ: CMCSA) finally took the wraps off its forthcoming Peacock streaming service. During its two-hour presentation on Thursday, Comcast and NBCUniversal management stressed the importance of Peacock to the company's future.
The cable giant will invest $2 billion in the streaming service over the next two years as it tries to take on new competitors like Disney (NYSE: DIS) and AT&T (NYSE: T) as well as old cord-cutting instigators like Netflix (NASDAQ: NFLX).
And Comcast is offering consumers an extremely competitive price point: free (with ads).
Source Fool.com
