Comcast has announced a new ultra-low lag tech that is designed to reduce latency and improve connections for Xfinity customers.

Key Takeaways Netflix is now charging $7.99 rather than $6.99 a month for its cheapest plan.The new price is equal to the least expensive plan available from Comcast's Peacock.Most other major streaming services' plans start at a dollar or two more a month.

The latest entertainment briefs spotlight a Brazilian film on authoritarian history, Netflix's toy expansion with 'Stranger Things', Comcast's financial boost from 'Wicked', and the London premiere of the new 'Bridget Jones' film,

Comcast is unveiling ultra-low lag connectivity when it comes to highly interactive applications like gaming, video conferencing and virtual reality.

Comcast reported 4Q revenue of $31.92B, beating estimates of $31.64B. Adjusted EPS of $0.96 also beat estimates of $0.86. Media segment revenue grew 3.5%, Peacock's paid subscribers increased 29%, and Comcast generated $3.

It's only available for certain customers, however.

Netflix has promoted Michael Azzolino and Nne Ebong to VP of scripted drama series development and VP of studio scripted series respectively.

Shares of Netflix soared 13% to an all-time high on Wednesday after the streaming giant's big bet on sports helped add a record 18.9 million subscribers in the holiday quarter, ballooning its already sizeable advantage over other players.

Streaming service Netflix garnered 16 film nominations (mostly for "Emilia Pérez"), more than any other studio or streamer. But Universal Pictures and its Focus Features sister unit weren't far behind.

The streamer hit a 52-week high of $999 per share during Wednesday's trading session after adding a record-breaking 18.9 million subscribers

Heger, meanwhile, thinks Netflix can find the right balance. The stock is currently up 10% after the company beat the Street's expectations for the top and bottom lines in Q4, punctuated by Netflix announcing that its total number of subscribers had surged past 300 million.

The streaming service’s subscriber count stayed at 36 million — the same as last quarter, according to Comcast’s earnings report released today. Peacock has only added around 5 million subscribers since January of last year,