News

Comcast, NBC deal opens door for online video

By staff and wire services reports
February 28th, 2011

New internet video services from companies such as Netflix and Apple are offering a glimpse of a home entertainment future that doesn’t include a pricey monthly cable bill. To challenge the cable TV industry’s dominance in the living room, though, online video services need popular movies and TV shows to lure viewers, and access to high-speed internet networks to reach them. Yet they have had no rights to either–until now. To win government approval to take over NBC Universal last month, cable giant Comcast Corp. agreed to let online rivals license NBC programming, including hit shows such as “30 Rock” and “The Office,” the Associated Press reports. Comcast also agreed not to block its 17 million broadband subscribers from watching video online through Netflix, Apple’s iTunes and other rivals yet to come…

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staff and wire services reports