Comcast launches new $5/mo streaming field, MPAA report highlights robust streaming development

Apple is expected to introduce its streaming video service in just some days, however the market is already extremely...

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Comcast launches new $5/mo streaming box, MPAA report highlights strong streaming growth
Apple is expected to introduce its streaming video service in just some days, however the market is already extremely crowed with different streaming companies. Adding to that in the present day is Comcast, which is launching its new Xfinity Flex Internet streaming TV service.

In different streaming information in the present day, Motion Picture Association of America printed its annual report on the state of the leisure market. The report reveals that streaming video subscribers elevated by 27 % in 2018 as extra folks turn out to be cordcutters with out shedding entry to content material.

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Comcast’s new Xfinity Flex service ties collectively paid Internet companies like Netflix and HBO, whereas additionally integrating free ad-supported choices. Instead of merely creating an app for current set-top bins, nevertheless, Comcast has developed its personal streaming field.

Essentially, Comcast is focusing on its Internet-only subscribers with this product. Those subscribers pays $5 monthly to “rent” one of many streaming bins from Comcast. On that field, these customers can entry apps like Netflix, Amazon Prime, YouTube, and HBO, in addition to free ad-supported content material from the likes of ESPN3 and Cheddar.

We’ve seen sure cable suppliers enable subscribers to “rent” Apple TVs as their set-top box of choice, however Comcast is taking a unique strategy with the event of its personal {hardware}.

Comcast’s aim appears to be to take away the up-front value related to shopping for set-top streaming bins, however whether or not or not it succeeds stays to be seen.

Meanwhile, the 2018 MPAA report was printed in the present day and contains some attention-grabbing tidbits on the state of the leisure business. According to the report, streaming video companies added 131.2 million new subscribers worldwide. That brings the whole subscription base to 613.three million, which is up 27 % in comparison with 2017.

As for cable subscriptions, that quantity fell by 2 % to 556 million subscription. Cable subscriptions, nevertheless, proceed to herald extra income than streaming companies. As The Verge explains:

That stated, regardless of that development in streaming video and the small lower in cable subscriptions, cable subscriptions nonetheless rake in probably the most cash, growing in 2018 by $6.2 billion to $118 billion. After cable subscriptions, satellite tv for pc TV brings within the subsequent highest quantity of income, whereas streaming video is available in third. The report additionally notes that extra Americans watch cable (80 %) adopted by streaming companies (70 %).

The full report from the MPAA can be viewed here.

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