Matt Strauss, government vice chairman for video companies at Comcast, mentioned throughout a convention in November that an over-the-top (OTT) streaming service isn’t actually a precedence for them. As an alternative, there’s considerably extra upside and profitability in going deeper and deeper into their base first versus putting out an OTT providing.
Whereas it might not be a precedence, the thought is not off the desk completely.
Sources aware of the matter inform Bloomberg that Comcast has acquired rights from some cable community homeowners to promote video service outdoors of their regional territories. This, the publication says, provides Comcast the possibility to supply on-line streaming service in areas the place it doesn’t supply conventional cable TV like Los Angeles and New York Metropolis.
If Comcast have been to alter its thoughts and supply an OTT service in the coming years, the firm would want to renegotiate some long-term contracts to permit for on-line streaming. Present offers with CBS and ESPN, for instance, don’t expire earlier than 2020 (and neither enable for OTT transmission).
Comcast at this level can be late to the OTT recreation as there are a variety of established streaming TV companies already on the market together with Sling TV, DirecTV Now and PlayStation Vue. Hulu and YouTube have additionally introduced streaming TV companies.
In the meantime, Comcast is possible focusing its efforts on launching its personal wi-fi service which is anticipated to debut by mid-2017.