For Variety VIP+ subscribers: How new NBCU oversight in the wake of CEO Jeff Shell’s exit could alter Peacock’s flight patterns
for Peacock’s free tier in January, just days after Shell said he was “more and more confident that we made the right choice of business model” during Comcast’s Q4 earnings call.
Where, then, does Shell’s exit leave Peacock? It’s unclear who will replace him as NBCU CEO, though his team will report to Comcast president Mike Cavanagh in the meantime. Should Cavanagh ultimately succeed Shell, or assume greater responsibility over NBCU operations, Peacock could be in for a rude awakening: the exec comes from a financial background, having previously served as Comcast’s CFO and co-CEO of JPMorgan Chase’s Corporate & Investment Bank. If the streamer’s economics don’t improve, and fast, it seems likely to face, shall we say,Speaking of the Warner Bros.
For now, though, much will hang on Comcast’s Q1 earnings report, scheduled for this Thursday, which will include updates on Peacock’s subscriber totals and financial performance. The success of “Poker Face” suggests this was another strong quarter, but with Comcast aiming to turn a profit in streaming next year, larger-than-expected losses could mean Peacock will soon see its wings clipped.
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