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Comcast (CMCSA) Expands Spanish Streaming With NOW TV Latino

Zacks Equity Research
·3-min read

Comcast CMCSA has made a significant move in the streaming market with the launch of NOW TV Latino, a new service targeting Spanish-speaking audiences. Priced at $10 per month with no contract or additional fees, the offering includes more than 25 live Spanish-language streaming channels and access to Peacock Premium. This strategic initiative aims to provide a comprehensive and affordable entertainment package for Hispanic viewers, combining live TV, on-demand content and popular streaming services.

NOW TV Latino showcases a wide range of content, including Spanish-language movies and TV shows from channels like Cinelatino, Sony Cine and Pasiones, as well as live news from Estrella News, Caracol Televisión and various Telemundo channels.

The inclusion of Peacock Premium at no additional cost adds substantial value, providing access to a vast library of English and Spanish content, including live sports events like Premier League soccer and the upcoming Paris 2024 Olympics.

Customers can purchase NOW TV Latino as a standalone service or integrate it with other Xfinity streaming offerings, such as NOW TV, NOW StreamSaver, or Xfinity StreamSaver. This allows users to create customized entertainment packages that cater to bilingual households and diverse viewing preferences. For instance, combining NOW TV Latino with Xfinity StreamSaver for $25 per month adds Apple TV+ and Netflix Standard with ads to the package.

This Zacks Rank #3 (Hold) company emphasized the ease of adding NOW TV Latino to existing Xfinity broadband products, positioning it as a cost-effective solution for streaming entertainment. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The service leverages Comcast's existing infrastructure, with content accessible through the Xfinity Stream app and Peacock app. Additionally, customers can opt for a Xumo Stream Box at no extra monthly cost for the first box, providing a unified streaming experience.

NOW TV Latino Intensifies Competition in the Latin Streaming Market

As the streaming landscape continues to evolve, Comcast's NOW TV Latino marks a significant attempt to capture a share of the Spanish-language market. Its performance could have broader implications for CMCSA's strategy in the increasingly competitive media and entertainment industry.

Comcast's launch of NOW TV Latino places it in direct competition with several established players in the Latin streaming market, particularly Netflix NFLX, Disney DIS and Alphabet GOOGL-owned Google's YouTube.

Netflix has invested heavily in producing original Spanish-language series and films, particularly from Latin America. Shows like Narcos, La Casa de Papel (Money Heist) and Elite have gained international popularity. Disney owns a controlling stake in Hulu, which has been expanding its Spanish-language content. Disney's Star+ service, available in Latin America, offers more adult-oriented content and live sports. YouTube is a significant player in the Latin streaming market, offering a vast array of free, ad-supported content in Spanish. It's particularly popular for music videos, vlogs and user-generated content.

By offering a tailored package with competitive pricing and no contractual obligations, Comcast is positioning itself to compete more effectively in this demographic segment. The company's existing relationships with content providers and its strong network infrastructure could provide advantages as it seeks to carve out a significant share of the Latin streaming market.

The Zacks Consensus Estimate for CMCSA’s second-quarter earnings is pegged at $1.12 per share, which has declined by a cent in the past 60 days. The consensus mark for 2024 earnings is pegged at $4.21 per share, which has declined by 2 cents in the past 60 days.

However, the success of NOW TV Latino will likely depend on factors, such as content quality, user experience, marketing effectiveness and its ability to compete with established Spanish-language networks and streaming services.

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