), the largest cable MSO in the U.S., has collaborated with
Warner Bros., a subsidiary of
Time Warner Inc.
) to offer movies and TV shows through Xfinity TV. This will
allow Xfinity TV customers to watch the offered content at any
time and on any device before DVD release. The subscribers will
also have the liberty to stream the movies limitlessly through
Comcast offered a wide collection of movies to its customers
in November. The offered movies can also be downloaded to
smartphones, tablets and PCs. The company also offers movie
rights from Lions Gate Entertainment Corp, 20th Century Fox and
In the recently concluded fourth quarter of 2013, Comcast
added 43,000 video subscribers compared with a net loss of 7,000
video customers in the prior-year quarter. After a gap of 26
quarters, the company reported such impressive results.
Comcast's decision to team up with Warner Bros. will not only
boost revenues but will also help the company safeguard its
position against low-cost video streaming companies like
) and Hulu. Moreover, it will also help Comcast counter
competition from Verizon Wireless's FiOS TV and
) U-verse service. Such innovative value-added services will not
only drive subscriber growth but will also reduce subscriber
churn in the upcoming quarters.
Comcast is gradually deploying its next-generation Xfinity TV,
an on-demand Web-based service, for subscribers who have access
to both video programming and the Internet. Xfinity TV currently
covers 95% of the company's footprint.
Comcast currently has a Zacks Rank #3 (Hold).
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