Roku Has Some Leverage in its Standoff with NBCUniversal [TheStreet.com]
AT&T Inc. (T)
Last at&t inc. earnings: 4/22 06:54 am
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Source: TheStreet.com
Update: Following the publication of this article,reports emergedComcast(CMCSAGet ReportBut this battle is a little different than the ones fought so often between pay-TV providers and TV network owners. In this case, the distributor might have more leverage than the content provider -- particularly at a time when TV ratings are down and cord-cutting has accelerated.On Friday morning, Roku disclosed that Comcast’s NBCUniversal unitplanned to removeThe apps in question haven’t yet been named. But it’s worth noting that NBCUniversal’s streaming app portfolio includes (among other things) apps for CNBC, regional sports networks, Bravo and the USA Network.Roku’s stock fell 2.6% in Friday trading to $160.47. The decline came amid a 1.1% drop for the Nasdaq.The culprit behind NBCUniversal’s move: A dispute over ad inventory-sharing for NBCUniversal’s Peacock service, which features two ad-supported tiers along with one ad-free tier and has been unavailable on either Roku or Amazon.com’s Fi
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