Comcast doubles Peacock spending as broadband business takes hit

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Comcast doubles Peacock spending as broadband business takes hit

Comcast is ramping up spending on its Peacock streaming service, executives said on Thursday, aiming to catch up to big media rivals in the global battle for viewers.

Unlike the majority of its rivals, Peacock offers a free, ad-supported version and two paid options: a $5-per-month tier with “light ads” and an ad-free version costing $10 per month.

In a call with investors on Thursday, Comcast Chief Executive Brian Roberts said the “vast majority” of Peacock’s paid subscribers choose the $5 tier over the $10 tier. Going forward, the company will focus its strategy around the ad-supported tiers.

It is doubling Peacock content spend to $3 billion in 2022 and plans to increase domestic content spend for Peacock to $5 billion over the next couple of years, an additional investment that will result in an earnings before interest, taxes, depreciation and amortization (EBITDA) loss of roughly $2.5 billion. It plans

Dollar Tree doubles down on pricing items over $1

Evercore ISI Senior managing director Mark Mahaney discusses his outlook for the stock market.

After 35 years, Dollar Tree has announced it will begin charging $1.25 for the majority of its products at all of its locations nationwide by the end of April.

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The discount retailer says the move to $1.25 will allow it to “materially expand its offerings, introduce new products and sizes, and provide families with more of their daily essentials.” Additionally, the company emphasizes that it will be able to reintroduce items that were previously discontinued due to the constraints of the $1 price point.

“Lifting the $1 constraint represents a monumental step for our organization and we are enthusiastic about the opportunity to meaningfully improve our shoppers’ experience and unlock value for our stakeholders,” Dollar Tree president and CEO Michael Witynski said