NBCUniversal’s new streaming service won’t break the bank

NBCU plans to launch the OTT service in the first half of 2020, at which time it will join the likes of old-school media converts such as Disney and WarnerMedia. Comcast Chief Financial Officer Michael Cavanagh intimated that the initial investment in the streaming platform would have a negligible impact on NBCU’s 2019 balance sheet. At least one rival can’t say the same; Disney on Tuesday revealed that last year it lost more than $1 billion on streaming-related matters, a setback that included a $580 million hit related to its Hulu investment. – Anthony Crupi, Ad Age » http://bit.ly/2CEZNM1
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