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Comcast Goes All In on Cord-Cutting

Comcast (NASDAQ: CMCSA) is turning the page. Long ranked as one of America's most hated companies because of complaints about its cable service, it's trying to move beyond its identity as the country's biggest cable provider and instead focus on streaming video. On Thursday's second-quarter earnings call, the company announced a shift in its emphasis from the linear TV business to streaming -- a move that comes hard on the heels of its formal launch of the Peacock streaming network nationally, and just days after it forged a landmark deal with cinema chain owner AMC Entertainment (NYSE: AMC) to dramatically shrink the length of time that movies must be given theatrical exclusivity before they can be shown by other means. Read More...

Comcast Goes All In on Cord-Cutting

Comcast (NASDAQ: CMCSA) is turning the page. Long ranked as one of America’s most hated companies because of complaints about its cable service, it’s trying to move beyond its identity as the country’s biggest cable provider and instead focus on streaming video. On Thursday’s second-quarter earnings call, the company announced a shift in its emphasis from the linear TV business to streaming — a move that comes hard on the heels of its formal launch of the Peacock streaming network nationally, and just days after it forged a landmark deal with cinema chain owner AMC Entertainment (NYSE: AMC) to dramatically shrink the length of time that movies must be given theatrical exclusivity before they can be shown by other means.

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