{"id":557191,"date":"2023-02-27T18:38:09","date_gmt":"2023-02-27T15:38:09","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/comcast-in-peak-expense-mode-for-peacock-streaming-investment-this-year-cfo-says\/"},"modified":"2023-02-27T18:38:09","modified_gmt":"2023-02-27T15:38:09","slug":"comcast-in-peak-expense-mode-for-peacock-streaming-investment-this-year-cfo-says","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/comcast-in-peak-expense-mode-for-peacock-streaming-investment-this-year-cfo-says\/","title":{"rendered":"#Comcast In \u201cPeak Expense Mode\u201d For Peacock Streaming Investment This Year, CFO Says"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3deb976b72c\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3deb976b72c\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/comcast-in-peak-expense-mode-for-peacock-streaming-investment-this-year-cfo-says\/#Comcast_In_%E2%80%9CPeak_Expense_Mode%E2%80%9D_For_Peacock_Streaming_Investment_This_Year_CFO_Says\" >Comcast In \u201cPeak Expense Mode\u201d For Peacock Streaming Investment This Year, CFO Says<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"Comcast_In_%E2%80%9CPeak_Expense_Mode%E2%80%9D_For_Peacock_Streaming_Investment_This_Year_CFO_Says\"><\/span>Comcast In \u201cPeak Expense Mode\u201d For Peacock Streaming Investment This Year, CFO Says<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    Comcast continues to lose cable TV subscribers, but its streaming platform Peacock is posting customer growth, despite rising losses.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    That\u2019s how newly-installed Comcast CFO Jason Armstrong likes to focus on Peacock \u2014 the streaming platform for Comcast-owned NBCUniversal\u00a0\u2014 as less a drag on the entertainment conglomerate\u2019s overall business and more an ad-supported streaming platform helping offset continuing declines in linear TV revenue.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    \u201cWe\u2019re running the business in total. You got get the linear business, which is a very good business and a cash-flowing business that you want to protect, but [we\u2019re] migrating to streaming,\u201d he told the Deutsche Bank <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Media<\/a>, Internet &amp; Telecom Conference during a session that was webcast on Monday.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    As the entertainment industry focuses on continuing linear TV pressures and streaming losses, Armstrong pointed to a \u201cdelicate balance\u201d as the media giant pivots to streaming. That\u2019s from a protected linear TV business for Comcast still throwing off cash from expensive cable bundles to an emerging Peacock platform amid changing viewer habits. <\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    His investor conference appearance came amid increasing skepticism from Wall Street about profit and content spend predictions from entertainment conglomerates as they roll out costly direct-to-consumer streaming platforms. \u201cIt\u2019s a costly pivot, and we\u2019re right in the middle right now,\u201d Armstrong said as NBCUniversal faces <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> and marketing costs in launching Peacock, most recently with a focus on its paid advertising video-on- demand tier after ending free Peacock sub<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">script<\/a>ions. <\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    For Comcast, the challenge in making the expensive pivot to Peacock \u2014 where Armstrong reiterated that 2023 will be a peak investment year for the new platform with an anticipated $3 billion in losses \u2014 is listening to market concerns about the marginal return on that precious investment capital. \u201cThe good <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> is linear plus streaming is a growth business,\u201d Armstrong insisted as he returned to the theme of NBCUniversal managing the pivot from one to the other holistically.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    To do that, he told the investor conference that TV content is the key, and in particular retaining the flexibility to put content on both the linear and streaming platforms and move it around to drive more engagement to Peacock.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    \u201cThat\u2019s the balance we\u2019ve got to get right. You want to make it more of a parity trade-off. You\u2019ve got to replace some mechanisms. You\u2019re adding a streaming service sub as you lose linear subs and you\u2019ve got it covered domestically. Right now we\u2019re in sort of a peak expense mode around funding this transition,\u201d Armstrong told investors.<\/p>\n<\/p><\/div>\n<p><script type=\"text\/plain\" class=\"optanon-category-C0004\">\n!function(f, b, e, v, n, t, s) {\nif (f.fbq) return;\nn = f.fbq = function() {n.callMethod ? n.callMethod.apply(n, arguments) : n.queue.push(arguments);};\nif (!f._fbq) f._fbq = n;\nn.push = n;\nn.loaded = !0;\nn.version = '2.0';\nn.queue = [];\nt = b.createElement(e);\nt.async = !0;\nt.src = v;\ns = b.getElementsByTagName(e)[0];\ns.parentNode.insertBefore(t, s);\n}(window, document, 'script', 'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\nfbq('init', '352999048212581');\nfbq('track', 'PageView');\n<\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more Like this articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/social-media\/\" target=\"_blank\" rel=\"noopener\">Social Media category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/www.hollywoodreporter.com\/business\/business-news\/comcast-peacock-streaming-investment-1235335388\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Comcast In \u201cPeak Expense Mode\u201d For Peacock Streaming Investment This Year, CFO Says Comcast continues to lose cable TV subscribers, but its streaming platform Peacock is posting customer growth, despite rising losses. That\u2019s how newly-installed Comcast CFO Jason Armstrong likes to focus on Peacock \u2014 the streaming platform for Comcast-owned NBCUniversal\u00a0\u2014 as less a drag&#8230;<\/p>\n","protected":false},"author":1,"featured_media":557192,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/www.hollywoodreporter.com\/wp-content\/uploads\/2023\/01\/Jason_Armstrong_Comcast_Corporation.jpg?w=1024","fifu_image_alt":"","footnotes":""},"categories":[17],"tags":[72125,27947],"class_list":["post-557191","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-social-mediaa","tag-comcast","tag-peacock"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/557191","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=557191"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/557191\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/557192"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=557191"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=557191"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=557191"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}