Comcast, Charter Recruit Cable Veteran Marcien Jenckes to Head Their Streaming Joint Venture
12.05.2022 - 18:39
/ variety.com
Todd Spangler NY Digital EditorThe streaming joint venture between Comcast and Charter Communications — which is aiming to create a U.S.-wide aggregated streaming device platform — doesn’t have a name. But now it has a leader: The two cable operators announced Marcien Jenckes, who’s been with Comcast since 2010, will lead the JV.In the new role, Jenckes will focus on leading the team and developing the business and monetization models, Comcast and Charter said.
Jenckes has served as president of advertising for Comcast Cable since 2017. Before that, he was responsible for Comcast Cable’s residential lines of business, including video and internet.The recently announced Comcast-Charter JV will develop and offer a next-generation streaming platform on a variety of branded 4K streaming devices and smart TVs.
Comcast is licensing Flex, its aggregated streaming platform and hardware, to the joint venture and will contribute the XClass TV retail business and Xumo, the ad-supported streaming service it acquired in 2020. Charter will make an initial contribution of $900 million over multiple years.
The JV is subject to customary closing conditions and will remain separate from each operator’s cable businesses. “Marcien has been an outstanding leader within our company for over a decade,” said Dave Watson, CEO of Comcast Cable.
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