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Comcast and NBC seem to disagree on prospects of streaming TV

Stephen Burke, CEO of Comcast’s NBCUniversal content division, told shareholders that he doesn’t think the streaming TV business is any good. NBCUniversal has streaming deals with all the major Internet TV providers, including DirecTV Now, Sling TV, YouTube TV, PlayStation Vue, FuboTV and Hulu. Burke noted while these deals are “very favorable” to NBCU in terms of licensing revenue, those deals have only contributed “marginally” to the company’s revenues. “It’s a very tough business,” Burke said during the company’s Q2 earnings call. “As we’ve said before, we’re skeptical that it’s going to be a very large business or profitable business for the people that are in it. And they’re off to a relatively slow start.” The crowd of Internet TV…

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