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Comcast said Tuesday it will introduce a streaming bundle for its cable, broadband and mobile subscribers, tying together Peacock, Netflix and Apple TV+ at a discounted rate. Comcast's offer follows a model similar to several bundles from Verizon : Its streaming bundle will be offered to existing Comcast subscribers, which could help prop up its pay-TV subscribers. The company lost 487,000 cable TV customers during the first quarter, Comcast reported during earnings on April 25. Peacock subscription plans start at $5.99 per month, though that's increasing to $7.99 per month this summer. Netflix plans start at $6.99 per month, and Apple TV+ costs $9.99 per month.
Persons: Peacock, Max, Comcast's, Brian Roberts, , Kerry Caufield, Lillian Rizzo, Alex Sherman Organizations: Comcast, Netflix, Apple, Disney, Warner Bros . Discovery, Verizon, CNBC Locations: New York
The Walt Disney Company will extend CEO Bob Iger's deal by two years, extending his tenure through 2026. Iger returned to Disney in November, retaking the job from Bob Chapek, who was appointed CEO in early 2020. On four different occasions between 2013 and 2017, he extended his tenure as CEO after saying he planned to retire. Tune in: CNBC's David Faber will interview Disney CEO Bob Iger on CNBC's "Squawk Box" at 8 a.m. To that end, I'm writing to share that I have agreed to the Disney Board's request to remain CEO for an additional two years – through the end of 2026.
Persons: Bob Iger's, Iger, Bob Chapek, Iger's, CNBC's David Faber, Bob Iger, We've, we've, Christine McCarthy, Bob, Mark Parker, Read, I've, It's, Bob — CNBC's Alex Sherman, Kerry Caufield, David Faber Organizations: Walt Disney Company, CNBC, Disney, Netflix, Warner Bros . Discovery, Paramount, Pixar
Shares of Nordstrom surged Friday morning following news that activist investor and meme stock maven Ryan Cohen bought a stake in the high-end department store company. The Journal said Cohen is now one of Nordstrom's top five nonfamily shareholders. Cohen, who founded pet retail and health site Chewy , is considered a champion of the meme stock crowd. He also triggered a brief rally in Bed Bath & Beyond last year before he ultimately dumped out of the stock. Bed Bath is expected to file for bankruptcy protection any day now.
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