Comcast Plans Streaming Bundle With Netflix and Apple TV+

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Warner Bros. Discovery, Fox and Disney announced this year that they were teaming up to offer a streaming service with games from the National Basketball Association and the National Football League. Last week, Disney and Warner Bros. Discovery said they would bundle their streaming services, selling users a package that included Disney+, Hulu and Max. Comcast has long offered its users a menu of streaming services on Xfinity, its package of services that includes cable television and broadband internet. For years, the company has offered services like Netflix and Apple TV+ as add-ons to its existing television bundle, acting as a vendor for those companies. This is the first time that Comcast will offer both services as part of a discounted bundle. Comcast, which has millions of broadband and cable television customers across the United States, has different incentives to bundle streaming services than many of its competitors have. If Comcast can give its customers additional reasons to stick with the company, or persuade them to pay for more features through Xfinity, the effort to bundle services will have been worth it. Many other internet providers have sold bundles that include streaming services. When Disney+ launched, Verizon offered a promotional bundle with that service. When the short-lived, short-form streaming service Quibi launched, T-Mobile offered to bundle its wireless offering with that service. Comcast has been willing to spend big to gain a foothold in the competitive video streaming business. Peacock, which launched in 2020, lost $2.7 billion last year, Comcast said in a filing, but paying subscribers increased to 31 million. The company has said Peacock’s losses were narrowing as the service matured.