International TV viewers shouldn’t expect to stream Peacock anytime soon.
Comcast co-CEO Mike Cavanagh on Tuesday said Peacock is not pursuing a global strategy as it expands as a direct-to-consumer streaming platform, and will remain focused on the U.S. market. “I don’t see a reason in our construct why we are disadvantage by not pursuing global,” Cavanagh told the Morgan Stanley Investors Conference.
“Others are doing it. Clearly, they have different strategies for different players. But in our case, domestic is our path,” he added after Peacock recently got to 44 million subscribers at the end of its fourth financial quarter. Cavanagh also talked about Peacock’s path to profitability.
“One of the roads ahead is to look at taking the benefit that Peacock creates in terms of a full portfolio and seeing places where through bundles and partnerships with others we have a path to ongoing growth,” he argued.
Cavanagh became co-CEO on Jan. 1, 2026 just ahead of Comcast’s Versant split. “Much is going to be the same,” Cavanagh said of partnering with fellow co-CEO Brian Roberts, and the wider leadership at Comcast as he participated in a conversation at the Morgan Stanley Investors Conference on Tuesday.
On the media front, Versant, the cable TV-focused spinoff from NBCUniversal that owns CNBC, MS NOW, USA, Golf Channel and other assets, reported its first earnings report as a standalone company on Tuesday.
“The media segment is really about dealing with linear decline, and I think deciding that those assets weren’t core to our strategy, and freeing them up to pursue their own path,” Cavanagh argued as Versant has exposure to pay-TV as Comcast like rival studios looks to be less reliant on the declining legacy business as it pivots to streaming with its Peacock platform.
He also talked up the studio’s theme parks business after it opened Epic Universe in Orlando, Florida nearly a year ago. “Epic was a big swing … I would rate it as a great success,” Cavanagh said, while cautioning international attendance at the Epic theme park was down, but that was offset by “strong” domestic attendance.
He added: “There’s more to ramp there and there’s plenty more to go in the future” as Comcast competes against Disney and others in Hollywood’s battle for global supremacy in themed, immersive entertainment.
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