Comcast is in early discussions with Walmart to produce a smart tv with integrated Comcast for internet media apps. The two companies may bring a cobranded internet-connected TV with embedded cable operator’s X1 software to provide access to different entertainment apps such as NBC Universal.
At the moment there was no leadership level meeting and there is no indication whether a deal will come together or not.Walmart said that they are in discussions with many suppliers to bring innovation into new products. Comcast did not issue any statement yet.
The pay-tv industry is struggling after the rise of OTT streaming and Comcast Cablelost 273,000 subscribers but it has 633,000 total broadband customers.
NBCU’s Peacock is a big part of Comcast’s future planning and it reached up to 22 million sign-ups.The integration of its streaming software to a T.V will help the company to finish its dependency on OTT gatekeepers like Roku and Amazon Fire TV.
The CEO of Comcast Brian Roberts expressed his ambitions to make a smart tv while talking at a conference in September and he said that the company wants to licenses its software on a global scale.
Last year, Comcast launched a set-top for its broadband-only customers to provide them with a collection of OTT apps. The set-top is known as Flex and its free for broadband customers but extra boxes cost $5 per month. It has more than 100 apps including all major streaming apps.
Jack Dorsey the CEO of Twitter is set to continue as a CEO of the company after he received overwhelmed support from the board of Twitter Inc on Monday and board expressed his full confidence in the current structure.
In an announcement, the Twitter board expressed its confidence in management and recommended that the current structure remains in place. The board also praised the Social media company’s improved financial performance in the last reported quarter.
Mr Dorsey already defeated an attempt to expel him from the Twitter which was powered by activist investor Elliott Management based on growth issues. In March, Elliott and Twitter came to an agreement under which the Twitter would buy back $2 billion or 7.9% of its stock. Due to the deal, Elliott’s Cohn and Silver Lake’s Durban became the members of the Twitter Board.
Twitter had 187 million monetizable daily active users (mDAU) during the third quarter slightly less than the estimated figure of 195.2 million users.
Twitter is facing intense pressure regarding presidential election to cope with misinformation related to the elections and Dorsey who is also CEO of Square, also received massive support from Tesla CEO Elon Musk when Elon Musk tweet and said that “Just want to say that I support Dorsey as Twitter CEO. He has a good heart.”