NBCUniversal will launch a streaming media service in early 2020, going after a market dominated by Netflix and Amazon, Reuters reports.
The ad-supported service, announced on Monday, will be available at no cost to NBCUniversal’s pay TV subscribers in the United States and eventually across the globe, according to the report.
As consumers are increasingly dropping their pay TV subscriptions, NBC’s decision to provide its service free for cable and satellite TV customers makes the new offering less of a threat to those providers.
An ad-free version of the NBC service will be available for approximately the same price as other subscription video services, according to a Reuters source.
Non-pay TV customers can purchase a subscription to the service.
Customers of Comcast, and Sky, which is controlled by Comcast — NBCUniversal’s parent company — will provide the service to their 52 million global subscribers, potentially making it the largest of the new streaming services when it launches next year.
Among other players, WarnerMedia and Walt Disney Co both plan to launch streaming media services by the end of the year.
Apple is also preparing to announce a TV service, which will include the reselling of other networks and originally produced content some time this year.
NBCUniversal said it will continue to license content to other studios and platforms, while retaining rights to certain titles for its new service.
Unlike other services, NBC also plans to offer live news and sports from its networks which could be an advantage in 2020 when it will air the Olympics, the report noted.
– Contact us at [email protected]