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Comcast’s NBC to start SVoD service to compete with CBS & HBO

NBCUniversal confirms it is planning to launch a comedy based subscription based on-demand video streaming service later this year.

The service is designed to appeal to viewers under 35 who are increasingly opting out of traditional pay-TV. Comedy is seen as a genre that appeals to those younger viewers. Last year launched CBS All Access, offering fans a chance to stream the network and shows from its library for $5.99 a month. Time Warner’s and CBS’ Showtime have announced plans for its own OTT product and companies including Disney, Discovery and Turner Broadcasting have all signaled interest in creating subscription products.

Read the entire story here.

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