logo
Plus   Neg
Share
Email

Comcast Buys Free Streaming Service Xumo

Comcast said that it has acquired Xumo, a free, ad-supported streaming service with more than 190 channels. It did not disclose the financial terms of the deal.

Xumo, which is based in Irvine, California, will continue to operate as an independent business inside of Comcast Cable.

Xumo was formed in 2011 as a joint venture by Panasonic and Viant Technology LLC, the owner of MySpace, which later sold to Time Inc. and was subsequently acquired by Meredith.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Elon Musk, the founder and CEO of Space Exploration Technologies, or SpaceX, said the aerospace company is planning to list its space internet venture, Starlink, after many years when revenue growth is smooth and predictable. In a tweet, Musk said, "We will probably IPO Starlink, but only several years in the future when revenue growth is smooth & predictable. Public market does *not* like erratic It's again that day of the year when coffee lovers celebrate their passion for the caffeinated beverage. It is National Coffee Day today in the U.S. when major food and beverage outlets nationwide promote the coffee culture with deals for coffee fans. In the U.S., major coffee outlets such as Starbucks, Dunkin' Donuts, Wawa, Krispy Kreme, Wendy's and Panera Bread give away free cups of coffee. The state of Ohio ordered General Motors to repay $28 million in tax credits after closing the Lordstown plant, which was in agreement to be operated until 2040. The Ohio Tax Credit Authority said the closure violated the terms of two economic development agreements signed by the company. In separate development, GM announced it is investing $71 million in two other Ohio manufacturing facilities.
Follow RTT