Australia markets closed
  • ALL ORDS

    7,599.90
    -137.00 (-1.77%)
     
  • ASX 200

    7,279.30
    -128.00 (-1.73%)
     
  • AUD/USD

    0.7126
    -0.0064 (-0.89%)
     
  • OIL

    68.15
    -10.24 (-13.06%)
     
  • GOLD

    1,788.10
    +1.20 (+0.07%)
     
  • BTC-AUD

    76,969.41
    -215.54 (-0.28%)
     
  • CMC Crypto 200

    1,365.60
    -89.82 (-6.17%)
     
  • AUD/EUR

    0.6294
    -0.0117 (-1.82%)
     
  • AUD/NZD

    1.0443
    -0.0039 (-0.37%)
     
  • NZX 50

    12,628.89
    -165.72 (-1.30%)
     
  • NASDAQ

    16,025.58
    -342.23 (-2.09%)
     
  • FTSE

    7,044.03
    -266.34 (-3.64%)
     
  • Dow Jones

    34,899.34
    -905.04 (-2.53%)
     
  • DAX

    15,257.04
    -660.94 (-4.15%)
     
  • Hang Seng

    24,080.52
    -659.64 (-2.67%)
     
  • NIKKEI 225

    28,751.62
    -747.66 (-2.53%)
     

Comcast’s UK Company Sky Launches Sky Glass Streaming TV

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·2-min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

Netflix is facing a lot of competition in the streaming space, and Sky has just launched a new product that would make it even more appealing to users.

Sky Launches Its Sky Glass Streaming TV

Comcast’s European pay-TV offering company Sky launched its Sky Glass Streaming TV earlier today. The TV is expected to increase its competition with the likes of Amazon and Netflix and appeal to more users.

According to the announcement earlier today, the TV will make it possible for customers to stream Sky TV and other content using the internet. They can enjoy the services without using the Sky Q set-top box or a satellite dish.

This is the biggest hardware development by Sky since the UK-based company was acquired by Comcast in 2018 for $39 billion. Philadelphia-based Comcast bought Sky with the hopes of competing with Amazon and Netflix in terms of streaming content.

Sky announced in an event in London earlier today that the TV will be available to customers in the United Kingdom from 18 October. The product will be made available to users in Europe by next year.

Dana Strong, group chief executive of Sky, described the product as the streaming TV with Sky inside. It is designed to provide total integration of hardware, software and content to the consumers. Sky TV comes a bit later after Amazon and Apple both launched their streaming TVs a while back.

The Sky TV comes in five colors and three standard sizes: the mall 43 inches, medium 55 inches and large 65 inches. Per the report, the smallest TV will be sold at £13 ($17.70) per month to users in the UK. It can be bought outright for £649. The medium and large sizes will be sold at £17 and £21 or bought for an outright £849 and £1,049, respectively.

CMCSA sock chart. Source: FXEMPIRE
CMCSA sock chart. Source: FXEMPIRE

CMCSA Up By Nearly 2%

The shares of Comcast have been rallying since Sky announced the launch of its streaming TV. CMCSA is up by 1.65% over the past few hours and is currently trading at $57.87 per share. The stock has performed moderately since the start of the year, up by 12.3% over the past ten months.

This article was originally posted on FX Empire

More From FXEMPIRE:

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting