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Comcast Expects to Spend $2 Billion on Peacock in First Two Years

Peacock Comcast NBC

Source: Peacock

Comcast Corp. plans to spend $2 billion on its coming Peacock service in the streaming outlet’s first two years, the entertainment giant’s chief financial officer said Monday.

“We will ramp quickly next year on spending on Peacock,” CFO Michael Cavanagh said at a UBS investor conference in New York. He said the company expects Peacock to break even by its fifth year.