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NBCUniversal to Launch Own Streaming Service in 2020

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The service will show advertising and be free of charge for subscribers who have NBC channels as part of their programming bundles in the U.S. and in major international markets, the company announced on Monday.

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NBCUniversal is preparing to launch a global, direct-to-consumer streaming service in early 2020, adding to a growing number of digital offerings from major media companies meant to cater to consumers that have turned away from traditional TV.

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Bonnie Hammer, who had been the head of cable entertainment, will be in charge of the streaming service and was named chairman of direct-to-consumer and digital enterprises for NBCUniversal.

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NBCUniversal is launching its own streaming service in 2020

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NBCUniversal to launch streaming service in 2020

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SCOOP: NBCU will launch a streaming service in 2020 and is rearranging its top executives to make it happen via @variety

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It's also a way of competing more directly with CBS All Access and other network-specific streaming services.

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NBC may have to offer originals or other exclusives if it's going to convince people to pay up.

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Still, with NBCUniversal, Disney and WarnerMedia all planning to launch streaming services in the next year or so, it seems that Netflix, Amazon and others will be losing out on popular shows, and will be paying more for the shows they do hold on to.

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NBCUniversal plans to launch a free streaming service next year, potentially taking many of its most popular TV shows and movies away from other rival services

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It's well-known that conventional TV is struggling (Comcast lost 106,000 video customers in the third quarter of 2018), and this could keep customers who are abandoning the old ways but still want NBC programming.

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NBCUniversal Launching New Streaming Service in 2020

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NBCUniversal announces streaming service that will be free to paid TV is joining the long list of media giants looking to compete with Netflix.

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Does this mean your NBC shows will disappear from Netflix and other services?

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Our new service will be different than those presently in the market and it will be built on the company’s strengths, with NBCUniversal’s great content and the technology expertise, broad scale and the wide distribution of Comcast Cable and Sky.”

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NBCUniversal will enter the streaming wars with an ad-supported service launching in early 2020 that will be run by longtime cable chief Bonnie Hammer

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Apparently Netflix has the streaming rights until 2021, at which point “we’ll look at our existing direct-to-consumer service and what kind of volume it has and how much we could expect to make if we moved it over, and we’ll have a discussion with Netflix and we’ll decide what’s right for the show.”

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.@NBCUniversal Announces Direct-to-Consumer Streaming Service and New Leadership Structure

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NBCUniversal preps streaming service, reorganizes executive team

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NBCUniversal Shakeup: Mark Lazarus, Jeff Shell and Bonnie Hammer Promoted, Streaming Service to Launch in 2020 (EXCLUSIVE)