Shares of Roku Inc. (ROKU) are up more than 13% in Monday trading after the company announced that NBC's Peacock streaming service would now be available on its platform. Peacock, which is owned by Comcast Corp. (CMCSA), offers a free version as well as paid tiers. "The ad sharing agreement in the Peacock deal could be a benchmark for others," Deutsche Bank's Jeffrey Rand said in an August note to clients, though Roku and Comcast didn't provide details about their ad-sharing arrangement in the release. Comcast shares are off 2.4% in Monday's session. They've added 13% over the past three months as Roku's stock has risen 42%.
-Emily Bary; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
September 21, 2020 10:22 ET (14:22 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.