NBCUniversal CEO Steve Burke on why the company's upcoming streaming service will be 'very different' from Netflix
as one of its tentpole programs, CEO Steve Burke said Thursday. He said the service would initially mostly live off licensed content and only some original programming, making it "very different" from Netflix.
He also hinted that the streaming service would have some "innovative" elements, but declined to provide further details, citing competitive reasons. At Sky, adjusted EBITDA rose 13.4 percent. Total customer relationships increased 4.4 percent to 24 million, including net additions of 304,000 in the latest quarter, a 197,000 improvement from the second quarter of 2018. Management said subscriber growth mostly came from streaming costumers and was driven by the appeal ofComcast's cable systems recorded a video subscriber loss of 224,000, but their broadband subscriber base increased by 209,000.
While there is "significant competition and change" in the pay TV eco-system right now, “for years, we have felt that video over the internet is more friend than foe” and "plays to our strength," Roberts said, adding that the company has a "vast library of [intellectual property] and new productions that are extremely popular” across geographies and generations.
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