Comcast acquires Irvine-based Xumo, as demand for free streaming services grows

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Comcast said it acquired Irving-based streaming company Xumo.

Comcast Corp. on Tuesday said it bought Irvine-based ad-supported streaming service Xumo for an undisclosed price.

As more marketers move TV dollars to digital platforms, companies see the potential to grab their share of the advertising revenue, Shin said. “For these larger companies looking to acquire, it’s a game of numbers,” she said.

 

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