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Communications Services Slip As Streaming Competition Fears Weigh -- Communications Services Roundup

06/23/2021 | 05:04pm EDT

Communications services companies ticked down amid fears of tightening competition in the sector.

Shares of Comcast fell sharply after The Wall Street Journal reported that, of the tens of millions of signups to the cable giant's new Peacock streaming service, fewer than 10 million consumers paid for the service as of May.

Shares of rival Netflix, which had about 208 million global subscribers as of the first quarter, ticked up. Shares of other Comcast rivals such as Viacom and Walt Disney were also higher.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

06-23-21 1703ET

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