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NBC Sports Network to shut down by the end of the year
January 22, 2021
That programming shift to USA Network, another NBCUniversal-owned cable channel, includes the National Hockey League and NASCAR races.
NBCUniversal's new streaming service Peacock will also carry some of the programming that was on NBC Sports Network starting in 2022.
USA Network is arguably one of the most popular channels in NBCUniversal's lineup, and adding live sports -- some of the most vital and highly rated programming left on traditional TV -- is likely to make USA even stronger.
Cable companies have been under strain as consumers "cut the cord," choosing instead to pay for streaming services like Netflix (NFLX) rather than paying a cable bill.
Enter Peacock. The new streaming service is the focal point of NBCUniversal's future business strategy, so having more live sports on the service provides consumers more incentives to sign up. Peacock already airs many Premier League soccer games.
Entire article: https://www.cnn.com/2021/01/22/media/nbc-sports-network-shut-down/index.html
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