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Charter Communications, Comcast Form JV to develop streaming platform

Charter communication and Comcast has formed a 50/50 joint venture to develop a next-generation streaming platform on branded 4K streaming devices and smart TVs.

Comcast will license Flex, its aggregated streaming platform and hardware, to the joint venture, contribute to the retail business for XClass TV and contribute to Xumo, a streaming service it acquired in 2020.

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