Communications Services Tick Up on Streaming Optimism -- Communications Services Roundup

Communications services companies ticked up amid optimism about box-office and streaming-subscription sales.

YouTube said it would raise the monthly cost of its TV streaming service to $82.99, up from $72.99 starting Jan. 13. The Alphabet-owned video platform said the increase was due to the rising cost of content.

Warner Bros. Discovery said it is restructuring into two operating divisions, one focused on the legacy cable TV business and the other on streaming and studios, a move that could set the company up for dealmaking down the road.

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(END) Dow Jones Newswires

12-12-24 1815ET