Comcast, ViacomCBS Discuss Possible Streaming Partnership For International Foray: WSJ

  • Comcast Corp CMCSA CEO Brian Roberts met ViacomCBS Inc VIAC Chair Shari Redstone to discuss a potential streaming partnership for international markets, the Wall Street Journal reports.
  • The meeting also included ViacomCBS CEO Robert Bakish around June end in New York.
  • The companies aim to compete with Netflix Inc NFLX and Walt Disney Co DIS in the budding streaming market.
  • In May, ViacomCBS announced that its Paramount+ service would be available in 45 markets by 2022. 
  • In April, Roberts disclosed that Comcast was looking to partner with local programmers and distributors in overseas markets to drive its NBCUniversal division's Peacock's services. 
  • Some analysts smell a potential merger. However, Comcast refuted the possibilities.
  • Price Action: VIAC shares traded higher by 1.56% at $40.49 in the premarket session on the last check Tuesday.
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