The consolidation signals within the streaming industry in the United States are becoming clearer, as reported by the Wall Street Journal. Paramount Global is currently in negotiations with Comcast, the parent company of NBCUniversal, to either become partners or establish a joint investment company.
Paramount, with its streaming service Paramount+, currently has 63 million subscribers, featuring popular content such as Star Trek and Halo. On the other hand, Comcast’s Peacock has around 30 million subscribers, with standout content like Ted, Twisted Metal, and Bel-Air.
These streaming services face challenges with high content production costs, leading to financial losses. Peacock, for instance, reported a loss of 2.8 billion dollars in 2023.
Source: Wall Street Journal
TLDR: Paramount Global and Comcast are in talks to collaborate in the streaming industry, with Paramount+ and Peacock facing financial challenges due to high content production costs.
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