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Alphabet's New YouTube Service Could Mean Monster Growth for These Two Stocks

·4-min read

Alphabet's (NASDAQ: GOOGL) (NASDAQ: GOOG) YouTube is reportedly launching a marketplace for video streaming services and is in talks with other entertainment companies about participating in the platform. Referred internally as a "channel store," the Alphabet offering has been in development for 18 months and will create a space for consumers to browse a collection of third-party streaming services subscribable directly through the YouTube app. The new YouTube service has the potential to substantially boost AMC Networks (NASDAQ: AMCX) and Comcast (NASDAQ: CMCSA), whose more minor streaming offerings would benefit from being part of a platform that already has billions of users.