The cable company’s video subscriptions continued to decline, but Comcast still managed to grow revenues nearly 12% last year (profit, however, declined a whopping 48%). The company’s $39 billion bid for British broadcaster Sky, meanwhile, closed last October. Comcast now owns 75% of the European pay-TV giant, which is helping it expand its global footprint. Other big plans are afoot at the Philadelphia-based company: Its NBCUniversal division recently announced it will launch a streaming service early next year, aimed at competing with the likes of Netflix and Amazon. (If you can’t beat them, join them.)
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The streaming wars are heating up.
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