Comcast takes first step towards streaming
Per Bloomberg, Comcast has negotiated rights from the owners of cable companies to broadcast their video services outside of its regional territories. The effort can be seen as a first step towards potentially building an over-the-top (OTT) TV streaming service one day that could compete with the likes of it's pay-TV competitors, primarily Dish Network's SlingTV and Apple Inc.'s DirectTV.
Why it matters: Comcast tells Bloomberg that in the short-term, this isn't a revenue-driving business model, but it's hard not to imagine a world in which Comcast wouldn't be thinking about moving into the streaming space. Per Nielsen, 29% of all U.S. homes own enabled smart TVs and 23% own an digital streaming device. By the end of last year, Sling TV is now being used in nearly two million households, according to comScore.