Comcast: And You Thought Netflix's Streaming Strategy Was In Trouble

Apr. 22, 2022 9:22 AM ETComcast Corporation (CMCSA)AMZN, FOX, NFLX, PARA, PARAA, WBD14 Comments
Max Greve profile picture
Max Greve


  • Comcast's NBC contract with the NFL is, like ESPN's, deeply unprofitable.
  • The contract is even less profitable than it appears, because of a misconception increasingly pervading analysis of the streaming wars.
  • Peacock cannot bear the weight of such expensive sports. Like Disney, Comcast will eventually need a separate sports streaming service.
  • Such a change, while necessary, will likely alienate customers and further hobble Comcast's streaming ambitions.

Comcast Cable Television Remote on White

JacobVanHouten/iStock Unreleased via Getty Images

Like many, I have some thoughts about the recent Netflix (NFLX) earnings report, which has done nothing less than turn the entire market psychology of streaming companies on its head. However, there is already so much being

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Max Greve profile picture
Max Greve is a graduate of Northwestern University with a quadruple major in History, Economics, Political Science, and International Studies. Max is a full-time writer and in addition to stock market trends also writes articles on government, current events, macroeconomic trends, and last but not least, the ongoing inefficiencies of professional sports.

Disclosure: I/we have a beneficial long position in the shares of PARA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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