Is Comcast eyeing a mega-streaming deal?

The US major could be mulling a deal with Roku or ViacomCBS, say reports.


New Delhi: The world is moving towards streaming at a pace like never before. And, the media titans are eyeing every opportunity they can get to consolidate their digital entertainment businesses and brace up for the streaming war.

After AT&T and Amazon, it is now the turn of the US cable giant Comcast to make its move to turbocharge its streaming operations. According to media reports, the company is mulling a mega-deal with one of the two media giants- Roku or ViacomCBS.

However, the question that Comcast's CEO Brian Roberts is wrestling with is- whether to build something internally or buy to become a streaming powerhouse, reported The Wall Street Journal on Wednesday. The merger seems unlikely, but Roberts is evaluating his options, which include a potential tie-up with ViacomCBS or acquisition of Roku Inc, the business daily reported citing unidentified persons.

All three companies have declined to comment on the matter and issued no statements so far.

The US cable giant Comcast had branched out from its cable and broadband into entertainment in 2009 with the acquisition of NBCUniversal, whose streaming service Peacock is yet to catch up with the likes of Netflix or Disney+. However, its broadband business has continued to grow. As the first wave of the pandemic ravaged the world last year, its broadband business added nearly two million customers and the unit’s revenue rose 10 per cent to about $21 billion.

An acquisition of streaming giant Roku at this stage could help it to step up its streaming game against the industry titans – Netflix, Disney, and Amazon. Roku’s valuation has more than tripled in the past year to $53 billion.  

On the other hand, a transaction with ViacomCBS which owns streaming service Paramount+ could provide the much-needed boost to its streaming operations, but it is too early to say.

However, several analysts say, the latest buzz could be just ‘speculation’ as a merger at this stage seems unlikely. One of the reasons is that Comcast has been largely focussing on developing the software behind its Xfinity cable boxes, called X1, and its Flex streaming boxes which resemble Roku. The other being its potential partnership with Walmart to further the Smart TV technology.

The reports come close on the heels of two major media deals that happened over the last few weeks. First AT&T announced its decision to spin off entertainment giant WarnerMedia and merge it with Discovery becoming the world’s second-largest media firm by revenue after Disney. The new entity Warner Bros. Discovery is now led by Discovery CEO David Zaslav. Soon thereafter, Amazon made its most ambitious move in the entertainment business and announced that it is buying MGM Studios.

So, whether or not Comcast is considering a transaction with ViacomCBS or the acquisition of Roku, it has definitely stirred many questions on the cable giant’s next step.

Latest Reads

hoichoi to double spending on content, announces 20 new shows

The Bengali OTT platform hoichoi has bolstered its content library with as many as 20 new shows as it marked its fifth year in the streaming space.

iWorld Over The Top Services
Zee5 launches OTT-first 'Intelligence Monitor'

Mumbai: Streaming service platform Zee5 on Friday announced its plans to launch an industry-first fortnightly knowledge series 'Zee5 Intelligence Monitor' to decode the latest and imminent consumption trends, consumer preferences, and new insights across various product and service categories. ...

iWorld Over The Top Services
Amazon launches Prime Video Channels in India; names Chaitanya Divan as head

Mumbai: Amazon has taken a giant leap transforming into a super app aggregator as it announced the launch of Prime Video Channels in India. Starting 24 September, Prime members will have the option to watch global and local binge-worthy content including shows, movies, reality TV, and documentaries...

iWorld Over The Top Services
Reliance Jio added 6.5 million mobile subscribers in July: Trai

Mumbai: Reliance Jio added 6.5 million mobile subscribers in July, according to the latest data shared by the Telecom Regulatory Authority of India (Trai). Airtel added 1.9 million mobile subscribers and Vodafone Idea lost 1.4 million subscribers, the telecom regulator said. BSNL lost 1.01 million...

iWorld Telecom
Netflix acquires Roald Dahl Story Company

Netflix has acquired the Roald Dahl Story Company (RDSC) in what is believed to be one of its largest deals recently.

iWorld Over The Top Services
Government names K Rajaram as new telecom secretary

Mumbai: The central government has appointed K Rajaram as the new telecom secretary, according to a report by Economic Times. Rajaram is a Tamil Nadu cadre 1989-batch Indian Administrative Service (IAS) officer, currently working as an additional secretary in the Department of Economic Affairs (DEA...

iWorld Telecom
Zee5 Global onboards Yogin Vora as associate director, digital marketing

Mumbai: Streaming service platform Zee5 Global has brought on board Yogin Vora as associate director - digital marketing. Vora joins from HDFC Life, where he worked as senior marketing manager - digital marketing for more than three years. A management graduate from the University of Mumbai, Vora...

iWorld Over The Top Services
slice targets Gen Z with its new campaign on Disney+ Hotstar

In a move to capture the cricket momentum to build reach among millennials and Gen Z, credit card challenger brand slice has launched its first ad film on Disney+ Hotstar.

iWorld Over The Top Services
I&B minister Anurag Thakur meets Netflix chief Reed Hastings

Mumbai: Minister of information and broadcasting Anurag Thakur met with Netflix co-founder and chief executive officer Reed Hastings for a discussion on Tuesday. Thakur presented Hastings with a copy of the holy book Bhagvad Gita during the meeting.  The minister shared photos of the meeting via...

iWorld Over The Top Services

Sign up for our Newsletter

subscribe for latest stories

* indicates required