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NBCUniversal to launch streaming service in 2020

The Comcast NBC Universal logo appears on a building in Los Angeles, California, USA June 13, 2018. REUTERS/Mike Blake/File Photo

(Reuters) – nbc universal, a unit of the US cable group Comcast Corp, said on Monday that it was planning to launch a streaming service in the beginning of 2020, the steps in a market dominated by Netflix Inc and Amazon.com Inc.

The ad-supported service, available at no cost to NBCUniversal’s pay-TV subscribers in the United States, will be led by Bonnie Hammer, now chairman of NBCUniversal Cable Entertainment Group.

An ad-free version of the service will be available for a fee and non-pay-TV-customers can subscribe to the service, the media company said here

Comcast Cable and the Sky will provide the service to their 52 million subscribers.

Nbc universal said it would continue to license content to other studios and platforms, with retention of rights to certain titles for the new service.

Reporting by Sonam Rai in Bengaluru; Editing by Maju Samuel

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