Xumo, the free tv streaming service, could also be acquired by Comcast, a brand new report claims. In accordance to the sources speaking in regards to the alleged matter, Comcast is reportedly in ‘advanced talks’ with Xumo a couple of potential acquisition, which might doubtlessly assist Comcast in its personal streaming service ambitions.
The declare comes from sources talking to The Wall Road Journal, which alleges in a latest report that the acquisition talks are unique between Xumo and Comcast. The report doesn’t embrace any particulars in regards to the monetary points of this alleged potential acquisition, plus the sources say that it’s attainable the deal is not going to transfer ahead.
Comcast is already engaged on the upcoming launch of its personal streaming service, which is called ‘Peacock.’ The sources declare that a Xumo acquisition might assist Comcast with ‘technical and business support’ associated to Peacock, amongst different Comcast-owned providers. Like Viacom’s Pluto TV, Xumo affords customers entry to stay streaming tv channels for free of charge.
Xumo is the oldest and finest recognized of those free TV providers; it’s supported by all main streaming machine platforms and a lot of smaller ones, as effectively. In accordance to the service’s web site, it affords greater than 160 channels, together with ones like Cheddar, Maverick, Filmhub, The Asylum, and extra.
It’s unclear whether or not underneath such an acquisition, Comcast would make Xumo channels obtainable by itself Peacock service. The corporate has beforehand acknowledged intentions to rely closely on commercials for Peacock, one thing that’ll assist it keep away from the subscription burnout more and more expressed by cord-cutters. Comcast’s pay-TV subscribers will get entry to Peacock for free.