Media conglomerate companies offer streaming exposure, too
Telecommunications companies have also launched their own streaming services, such as Comcast's (CMCSA -2.73%) NBCUniversal, which introduced Peacock. Comcast unveiled plans to spin off its news, sports, and entertainment assets (which include USA Network, CNBC, MSNBC, and others) in 2024. That will enable the company to focus on growing its broadband, wireless, streaming, studios, and theme park operations.
Many tech giants offer TV streaming subscription services as well. Amazon (AMZN +0.38%) has Prime Video and add-ons for Prime e-commerce subscribers. Apple (AAPL +0.08%) TV+ has been a steady addition to the iPhone company's Services segment. And Alphabet's (GOOG +2.62%) (GOOGL +2.73%) YouTube TV is a newer subscription service designed as an internet-based alternative to cable.