Versant's New Streaming Service & Acquisitions
Update: 2025-12-05
Description
Versant, a company soon to separate from NBCUniversal, is expanding into the streaming world with a new service for MS NOW and turning Fandango into a free, ad-supported platform. They aim to generate $6.6 billion in revenue by 2025, half from traditional pay TV and half from digital ventures. Versant is acquiring assets to boost Fandango and expand products at CNBC, focusing on live programming. Theyve already acquired Free TV Networks and INDY Cinema Group to adapt to a changing media landscape. The new MS NOW service, launching in summer 2026, will cater to progressive audiences, while CNBC will expand offerings for retail investors.
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