NBCUniversal profits grew in the second quarter despite larger losses at direct-to-consumer streaming service Peacock. The platform lost $467 million in the quarter, more than the $363 million it last a year ago.
The international deal-making move, consisting of mergers and acquisitions, including Roku, derived from AT&T’s Warner Media Divison’s recent merger with Discovery, as well as a spike in streaming success and demand across the globe.
Brian Roberts, Chief Executive Officer of Comcast, is exploring new options for the company’s push into streaming, raising the idea of a possible tie-up with ViacomCBS or the acquisition of Roku, according to a report from The Wall Street Journal.
Comcast reported a 4 to 64 hour per week increase in linear video consumption and a 38% increase in streaming and web video consumption during the pandemic. AT&T's live viewing is up by 15% and video-on-demand by almost 25%. Moody's noted an overall 60% increase in content consumption.