Comcast Corp - Ordinary Shares - Class A

+0.05 (+0.14%)
7:38:31 PM EDT: $36.67 +0.22 (+0.60%)
Strategic Combinations, Other Pre-Announcement

Pointsbet Says Pointsbet USA And NBCUniversal Media To Amend Agreement

Published: 01/30/2023 23:06 GMT
Comcast Corp - Ordinary Shares - Class A (CMCSA) - Pointsbet USA and Nbcuniversal Media to Amend Media Services Agreement.
Under Amended Agreement, Remaining Committed Marketing Spend for Years 3 to 5 of Original Agreement Will Be Invested Over Additional 2 Yrs.
Total Commitment for Current Year is Us$50 Million.
Maintains Preferred Pricing Benefits and Integration Exclusivity in Sports Betting Category at a Local and Regional Level.
Sees US Marketing Expense for FY23 to Be Circa Us$90 Million.
Total Committed Marketing Spend for Remaining 5 Years (28 August 2022 to 27 August 2027) is Us$294 Million.