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Media/Telecom Entertainment

Comcast to Invest $2B in Streaming Service in First Two Years

Comcast’s NBCUniversal plans to invest just $2 billion in its upcoming Peacock video streaming service in its first two years of operation, well below what rival services are spending. Comcast CFO Michael Cavanagh told UBS’ annual media and tech investor conference on Monday that the investment would be on a mix of content, marketing and infrastructure. In contrast, Netflix is expected to spend...

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The Investors Who Face Big Losses From the Quibi Collapse
The Investors Who Face Big Losses From the Quibi Collapse

On Wednesday, video startup Quibi told its investors that it will shut down, a dramatic collapse of a digital media startup that launched just six months ago. Now those investors—from Quibi CEO Meg Whitman to Google, Facebook and J.P. Morgan—are facing losses and figuring out what they may recoup from the flop.

Quibi revealed to investors Wednesday afternoon that, after paying ...

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