Comcast Expects to Spend $2 Billion Over Two Years on Peacock

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Comcast Expects to Spend $2 Billion Over Two Years on Peacock
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Comcast is planning to spend $2 billion over the next two years on content and marketing for Peacock, its new streaming service set to debut in April

Comcast Corp. is planning to spend $2 billion over the next two years on content and marketing for Peacock, its new streaming service set to debut in April, the company’s finance chief said Monday.

Major media and entertainment companies are investing heavily to create new shows and launch their own services. AT&T Inc.’s WarnerMedia said it would spend $2 billion next year to launch HBO Max and another $1 billion for each of the following two years. Walt Disney Co. expects to spend more than $1 billion on Disney+ in the...

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