By Kim Khan
Investing.com – Comcast (NASDAQ:) rose Friday as the company announced its long-awaited streaming service: Peacock.
Comcast (NASDAQ:) rose 1.34% by the close of trading.
Netflix (NASDAQ:) was up, 0.3%, while Disney (NYSE:) slipped 0.54%.
But what area of the on-demand segment should be worried about the new NBC-run service?
Ccomcast has gone with a two-tiered system.
Peacock Free will show ads and have next-day access to certain content like “current seasons of freshman broadcast series, complete classic series, popular movies, curated daily news and sports programming including the Olympics, Spanish-language content, select episodes of marquee Peacock originals and tent-pole series, as well as curated Peacock streaming genre channels such as ‘SNL Vault,’ ‘Family Movie Night’ and ‘Olympic Profiles.’
Peacock Premium will be free to all Comcast (NASDAQ:) and Cox cable subscribers and “also next-day access to premium content. include full season Peacock originals and tent-pole series, next day access to current seasons of returning broadcast series, early access to late night talk shows, and additional sports”.
Ad-supported streaming services are going to fail in the face of Netflix (NASDAQ:) and Disney+, free or not.
People want to binge and an ad-supported service will interrupt it.
But maybe Comcast (NASDAQ:) is going against Alphabet’s YouTube.
Gaining all the Saturday Night Live, NBC New and Olympics clips would be enough to not worry about even more original content — versus Disney and the gang.
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