A PYMNTS Company

Charter, Comcast Partner for Next-Gen Streaming Platform

 |  April 27, 2022

Charter Communications, Inc. and Comcast Corp. have formed a 50-50 joint venture to develop a new streaming platform, the companies announced.

The platform, according to a news release issued by the companies, will work on 4K streaming devices and smart TVs.

For users, the companies stated in the release, the benefits will include a “world-class” interface, numerous apps and another streaming service option. The release also states: “The joint venture will offer app developers, streamers, retailers, operators and hardware manufacturers the opportunity to reach customers in major markets across the country with the platform.”

Comcast has about 57 million customers in the United States and Europe, according to the company. Charter reports having about 32 million customers.

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.