Discovery Gets Closer to Launch of Its New Streaming Service

In today’s quarterly earnings call, Discovery CEO David Zaslav shared more information about the company’s upcoming streaming service. When discussing plans for the service, Zaslav compared it to “a new SUV” compared to “sportscars” like Netflix and other top streaming services. 

When competing with other services, Discovery plans to differentiate itself  by being “useful every day” with “all the characters you love,” calling the upcoming service “a terrific companion.”

Discovery has been fielding questions about the service every quarter since sharing plans to get into the streaming space in 2019.

In an earnings call in February 2020, Zaslav noted that he planned to get traditional TV involved in the plan, saying ““Our view is we should figure out how to make them partners. Charter is a great company. They have 10 to 11 million broadband-only subscribers. Comcast is an extraordinarily well-run company. They’re serving and nourishing their customers,” Zaslav said. “Today, they agreed that they will offer CBS All Access… That’s a very positive step forward.”

While details about when the service will launch weren’t given today, Zaslav said “We are going to be hitting that road pretty soon.” 

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