Roku Suddenly Looks Vulnerable in Peacock Dispute
Apparently, Roku (NASDAQ: ROKU) has ruffled a few feathers at Comcast's (NASDAQ: CMCSA) Peacock.
After Roku blocked the NBCUniversal streaming service from its platform when it launched July, Comcast is now striking back against the leading streaming platform. Roku notified customers Friday morning that Comcast plans to pull all 46 of its TV Everywhere channels this weekend as Comcast seeks to squeeze Roku for banning Peacock from its platform. TV Everywhere refers to traditional pay-TV channels that are available to subscribers through streaming platforms like Roku.
In its message to its customers, Roku took a number of shots at Comcast, noting that the NBCUniversal "TV Everywhere apps represent a very small percentage of total streaming hours on the platform." Roku also pointed out that a number of TV Everywhere users are Comcast subscribers, adding, "This is deeply disappointing and the wrong way to treat subscribers," and accused Comcast of removing the channels to "force Roku to distribute its new Peacock service on unreasonable terms."
Source Fool.com
