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Comcast, Charter Take On Roku in Streaming TV Joint Venture

  • Comcast licenses technology; Charter to pay $900 million
  • Roku shares fall as analyst says joint venture poses challenge
Inside Comcast Corp. Headquarters Ahead Of Earnings Figures
Photographer: Charles Mostoller/Bloomberg

Comcast Corp. and Charter Communications Inc. have joined forces to launch a nationwide streaming platform, a move that could pose a threat to the likes of Roku Inc. and Inc.

As part of a new joint venture, Comcast will license Flex, its box that brings together streaming apps on TVs, and contribute its line of smart TVs, called XClass TV. Comcast’s streaming services, Xumo and Peacock, will be available on the devices.