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(Reuters) - Comcast Corp is in talks to sell its stake in Hulu to Walt Disney Co, CNBC reported on Thursday, citing people familiar with the matter. The report comes 10 days after Hulu bought back wireless ...
Chief Executive Brian Roberts said the company, which purchased British pay-TV group Sky last year, is exploring the launch of a global NBC-Sky news network, but did not give any details. Overall revenue missed analyst estimates and Comcast lost more video and phone customers than expected. Revenue from its NBCUniversal cable networks, filmed entertainment and theme parks also fell short of expectations.
Like the rest of the cable industry, Comcast has focussed its future around its internet business, as the consumer trend of "cord cutting" services has shown few signs of abating. Xfinity Flex will be available starting Tuesday only to Comcast's internet customers and will cost $5 per month. It will allow customers to access their subscriptions to streaming services like Netflix, Hulu and Amazon Prime as well as free shows and movies that Comcast will include with the service, to be supported with advertising revenue.
SEOUL (Reuters) - Amazon.com Inc, Comcast Corp and Electronic Arts Inc submitted initial bids for the holding firm of South Korea's biggest gaming firm Nexon, Maeil Business Newspaper said on Wednesday, ...