Matt Strauss to Head NBCU's New OTT Service

Strauss, a longtime Comcast exec, has been named chairman of Peacock, a streaming service set to launch in the spring of 2020.

Jeff Baumgartner, Senior Editor

October 7, 2019

3 Min Read
Matt Strauss to Head NBCU's New OTT Service

As part of a broader executive shift at NBCUniversal, longtime Comcast exec Matt Strauss has been named the chairman of Peacock, a streaming platform/service that NBCU will launch next spring.

Strauss will also head up NBCU's Digital Enterprises group and report to Steve Burke, NBCU's CEO.

Figure 1: Matt Strauss Strauss joined Comcast in 2004 as SVP, new media, and is late of Rainbow Media (now part of AMC Networks) and Disney-ABC. Strauss joined Comcast in 2004 as SVP, new media, and is late of Rainbow Media (now part of AMC Networks) and Disney-ABC.

The move puts Strauss atop of Peacock, the brand name for a new subscription streaming service that will debut next April and feature more than 15,000 hours of content, including original series and catalog fare, from NBCU properties such as Universal Pictures, Focus Features, DreamWorks Animation and Illumination. Peacock will take a multi-pronged approach to revenues through a mix of subscriptions and advertising. Peacock will also be distributed by pay-TV providers, starting with corporate cousins Comcast and Sky.

Strauss, a 15-year vet of Comcast, is also taking the helm of Peacock as NBCU prepares to lock horns with the incumbent, general entertainment OTT services from Netflix, Amazon and Hulu, as well as new services such as Disney+ and WarnerMedia's HBO Max.

Strauss most recently was executive vice president of Xfinity Services at Comcast Cable, overseeing the operator's video, Internet and voice businesses. Strauss, who played a critical role in Comcast's electronic sell-through service for TV shows and movies, recently helped with the launch of Xfinity Flex, a new video streaming service that Comcast is pitching to its broadband-only customers.

With Strauss moving to NBCU and Peacock, Comcast Cable consumer services will continue to fall under Dana Strong. Strong, an exec late of Virgin Media and Liberty Global, joined Comcast in early 2018 as president, consumer services, overseeing Comcast's video, broadband, voice, home and mobile products. Strong's organization at Comcast Cable includes Greg Butz, now president, connectivity services and customer experience; and Rebecca Heap, SVP of video.

Strauss's appointment at Peacock was one of several big exec moves announced today at NBCU as the company moved to put its Universal Television and Universal Content Productions units under the same roof.

Bonnie Hammer, most recently the chair of NBCU's direct-to-consumer and digital enterprises unit, has been named chairman of NBCU Content Studios, also reporting to Burke. George Cheeks, co-chairman of NBC Entertainment, was named the vice chairman of NBCU Content Studios, reporting to Hammer. Cheeks will continue to oversee late-night programming for NBC.

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— Jeff Baumgartner, Senior Editor, Light Reading

About the Author(s)

Jeff Baumgartner

Senior Editor, Light Reading

Jeff Baumgartner is a Senior Editor for Light Reading and is responsible for the day-to-day news coverage and analysis of the cable and video sectors. Follow him on X and LinkedIn.

Baumgartner also served as Site Editor for Light Reading Cable from 2007-2013. In between his two stints at Light Reading, he led tech coverage for Multichannel News and was a regular contributor to Broadcasting + Cable. Baumgartner was named to the 2018 class of the Cable TV Pioneers.

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