Motley Fool Money Betting on the Winter Olympics, Exploring Global FinTech
Jan 27, 2022
Maria Gallagher, a Senior Analyst at Motley Fool, dives into Comcast's streaming challenges with Peacock, especially as they bet big on the Winter Olympics to boost viewership. She also highlights how McDonald's is tackling rising costs and Levi Strauss's optimistic outlook for 2022. Joining her, Asit Sharma explores the transformative impact of Wise in the global fintech arena, focusing on how it aims to revolutionize currency transactions with efficiency and lower costs, positioning itself as a strong competitor in the market.
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Peacock's Underperformance
- Comcast's Peacock is underperforming compared to other streaming services like Netflix and Disney+.
- Despite higher profits, Peacock's paid subscriber base is significantly smaller, prompting increased investment.
Comcast's Peacock Investment
- Comcast is doubling its investment in Peacock's content to $3 billion in 2022.
- Their dual ad-supported and subscription model hasn't yielded desired results, raising questions about its future.
Olympics and Peacock
- Comcast is leveraging the Winter Olympics to boost Peacock viewership.
- They hope the colder weather and compelling stories will attract more viewers than the Summer Olympics.