Comcast Acquires AVOD Service Xumo

Comcast Feb. 25 announced the acquisition of Xumo, the ad-supported streaming service based in Irvine, Calif.

Xumo will continue to operate as an independent business inside of Comcast Cable.

Xumo offers free, live and on-demand streaming entertainment, news, sports and more, organized in a channel guide, and features more than 190 genre-grouped channels. Xumo’s multi-screen network of distribution partners include major smart television brands, the Comcast release noted.

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“The talented team at Xumo has created a successful, growing, and best-in-class set of streaming capabilities,” read the release. “We are excited for this team to join Comcast and look forward to supporting them as they continue to innovate and develop their offerings.”

Financial terms of the acquisition were not disclosed.

 

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