PHILADELPHIA - Comcast has introduced a new streaming bundle, Xfinity StreamSaver™, which packages Apple (NASDAQ:AAPL) TV+, Netflix (NASDAQ:NFLX), and Peacock for Xfinity Internet and TV customers, the company announced today. The bundle, which will be available nationwide next week, is designed to offer customers a convenient way to access premium streaming content at a reduced cost.
Xfinity StreamSaver will provide subscriptions to Netflix Standard with ads, Peacock Premium, and Apple TV+, offering savings of over 30% or nearly $100 annually. Comcast's CEO of Connectivity and Platforms, Dave Watson, highlighted the bundle as a significant benefit for consumers seeking top-tier entertainment, including live sports, and for the service providers involved.
The StreamSaver bundle includes popular and award-winning series such as Netflix's "Bridgerton" and "Atlas (NYSE:ATCO)," Peacock's "Bel-Air" and "The Traitors," and Apple TV+'s "The Morning Show" and "Slow Horses." Moreover, it offers access to thousands of hours of live sports coverage, including MLB, NFL, WWE, Premier League, and the Paris 2024 Olympics.
Xfinity customers can add StreamSaver to their plan for $15 per month without annual contracts. There is also an option to combine it with NOW TV for a total monthly cost of $30, providing access to 40+ live TV channels and over two dozen integrated FAST channels.
The streaming services included in the bundle can be accessed through Comcast's Entertainment OS platform and voice remote, integrated into X1, Xumo Stream Box, and Flex (NASDAQ:FLEX) devices. The apps are also available on Apple TV and other connected TVs and devices.
Customers can sign up for Xfinity StreamSaver or NOW StreamSaver online, with Comcast managing billing to consolidate charges into one monthly statement. Those who already subscribe to any of these apps can still benefit from the bundle pricing, with cost savings reflected in their next billing cycle.
Comcast Corporation (NASDAQ: NASDAQ:CMCSA) is a global media and technology company that provides broadband, wireless, and video services, as well as producing and streaming entertainment, sports, and news content. This announcement is based on a press release statement.
InvestingPro Insights
As Comcast Corporation (NASDAQ: CMCSA) rolls out its Xfinity StreamSaver™, offering a competitive edge in the streaming market, it's important to consider the company's financial health and market position. With a robust market capitalization of $155.06 billion, Comcast stands as a significant player in the media industry.
The company's commitment to shareholder value is evident through its aggressive share buyback strategy and a consistent history of dividend payments, having maintained them for 17 consecutive years. This is further bolstered by the fact that Comcast has raised its dividend for four consecutive years, showcasing confidence in its financial stability and future prospects.
InvestingPro data reveals that Comcast's P/E ratio stands at a reasonable 10.39, with an adjusted figure of 9.97 for the last twelve months as of Q1 2024. This suggests that the stock could be attractively priced relative to its earnings. The company's revenue growth, though modest at 1.52% for the last twelve months as of Q1 2024, indicates a steady upward trajectory in its financial performance.
InvestingPro Tips highlight that Comcast is a prominent player in the Media industry and generally trades with low price volatility. These attributes may appeal to investors seeking stable returns and a foothold in the media sector. Moreover, there are 13 additional InvestingPro Tips available for Comcast, offering deeper insights for those considering an investment in the company. To access these tips and gain comprehensive analysis, visit https://www.investing.com/pro/CMCSA and remember to use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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