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Hello and welcome to Decoder. I'm Nilay Patel, editor-in-chief of The Verge, and Decoder is my show about big ideas and other problems. Today I'm talking with Matt Strauss, who is chairman of Direct-to-Consumer at NBCUniversal. That's a fancy title. It means he's in charge of Peacock and all of NBCUniversal's other consumer products.
That includes everything from Fandango and its Fandango at Home video service, which used to be Vudu, to Rotten Tomatoes, to the core platforms that powers the Now TV service run by Sky in Europe. That's a lot, and all of that is under the overall ownership of Comcast, which is in the middle of its own massive transition as the traditional cable TV business fades away.
Matt actually spent almost two decades at Comcast proper, working on its cable products before switching over to NBCU. And I was really interested in his view on how the economics of the TV business will shake out as almost everyone moves over to streaming. Matt also oversees what's called the Global Streaming Platform, which Peacock and other services at Comcast run on.
And I wanted to know if that big tech investment is generating the kind of economies of scale that really pay off over time. Stuff that tech companies think about all the time, but which media companies have had to learn. And one thing that I really wanted to talk to Matt about was how Peacock handled the Olympics this year.
It really felt like things clicked for that platform and Peacock in Paris over the summer. And the idea that all of the coverage from the Olympics could be served up in multiple different formats on demand and live really came together. It turns out that a lot of these ideas have been brewing inside of NBC for a long time, for a decade or more in some cases.
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