The Netflix Co-CEO does confirm that it’s talking to Roku, Google and Comcast about potential partnerships.
The Miami-Fort Lauderdale market has an awful lot of strong players, in both English and Spanish
Is Comcast poised to make a big move? The cable and media giant has missed out on some snazzy acquisitions in recent years, failing to outmaneuver Disney to buy the bulk of 21st Century Fox’s entertainment assets and falling just short of nabbing WarnerMedia. Losing out on the latter stunned Comcast CEO Brian Roberts and NBCUniversal CEO Jeff Shell, who were enmeshed in planning how WarnerMedia would be integrated into their operations until Discovery landed their prize.
With pay-TV losses likely to continue, wireless has rapidly emerged as the primary pairing with home broadband at Comcast. “You’re really seeing it become the lead bundle, having the connectivity bundle with broadband together with wireless,” Comcast CFO Mike Cavanagh said Tuesday at the J.P. Morgan Global Technology, Media and Communications Conference.
Comcast CEO Brian Roberts recently proposed spinning off the company’s NBCUniversal media unit in order to merge it with videogame giant Electronic Arts.
As Comcast prepares to leverage its Flex system in a streaming platform joint venture with Charter, the cable giant is “extremely focused” on growing the base of U.S. operators who it licenses to, Comcast Cable CEO Dave Watson said Wednesday.
Charter Communications and Comcast Corp. said they named Marcien Jenckes president of their joint venture to build a new streaming platform. Jenckes, who has been president of Comcast Advertising since 2017, will focus on developing the business and monetization models for the new platform, which will be built on Comcast’s Flex and include Comcast XClass TV business and the Xumo streaming service.
“Media revenues increased 36% to $6.9 billion, including Peacock revenue, which grew more than five times year-over-year to $472 million in the quarter,” said Comcast Corp. CFO Mike Cavanagh.
Comcast reported a revenue of $31 billion and an earnings per share of 78 cents, seeing its earnings jump as a result of increased viewership of the Olympics and the 2022 Super Bowl, but it also logged an operation loss stemming from NBCUniversal streaming service Peacock to tune of $456 million, as per the media conglomerate’s first-quarter earnings report Thursday.
Charter Communications and Comcast on Wednesday announced a 50/50 joint venture to develop a streaming platform on branded 4K streaming devices and smart TVs. Comcast will license Flex, the company’s aggregated streaming platform and hardware to the new joint venture, contribute the retail business for XClass TVs as well as Xumo, a streaming service acquired in 2020. Charter will make an initial contribution of $900 million, funded over multiple years.
Jeff Shell, CEO of Comcast-owned NBCUniversal, saw his total compensation climb to $21.6 million last year, up 30% over the year prior — the biggest pay bump among Comcast’s top execs in 2021. Comcast Chairman-CEO Brian Roberts’ pay package rose 3.7% in 2021, to $34 million. The disclosures came in the cable and entertainment giant’s proxy statement filing with the SEC Friday.
“Nothing” is faster than fiber. Literally. Comcast said it’s proving the point with new “hollowcore fiber” technology that it said transmits data 150% faster than traditional fiber with a 33% improvement in latency. Hollowcore fiber is, well, hollow at the center and takes advantage of the fact that light travels 50% faster through air than glass.
Effectv, the local advertising sales division of Comcast Cable, has struck a deal with Comscore, for its local TV measurement product, to be a “new form of currency” for Comcast’s local cable TV advertising deals. With the deal, Effectv will use Comscore’s audience impression-based measurement product for local advertising clients.
The FCC is finally moving on a request Comcast filed nearly nine months ago, asking the agency to declare that Nexstar is in violation of the 39% cap on broadcast national audience reach. But regulatory wheels move slowly, so there’s no indication yet of what the commission might do.
Comcast’s advertising division said it has licensed viewing data from the set-top-boxes in subscribers’ home to VideoAmp, one of the measurement companies looking to provide an alternative to Nielsen in the race to provide a cross-platform currency for buying and selling TV advertising. Adding data from Comcast’s footprint should make VideoAmp’s product more stable and reliable, the companies said.
Broadcasters are wending through a C-band repack now operating on an accelerated timeline with completion slated for Dec. 2023. The process is humming along much more smoothly than the RF repack that preceded it. Above, Sinclair Broadcast Group HEVC uplink gear.
Former president Donald Trump, who has been using his ongoing national circuit of campaign-style rallies to urge the boycott of DirecTV and parent company AT&T for removing conservative channel One America News (OAN), has expanded his wrath to Comcast. Speaking Saturday at the fairgrounds in the East Texas flatland town of Conroe, Trump described both publicly traded telecommunications giants as “left-wing lunatics who are destroying our nation.”
Under the continued agreement, AMC Networks’ linear channels — AMC, We TV, BBC America, IFC, and SundanceTV — and streaming service AMC Plus will remain available to Comcast Cable’s Xfinity TV, broadband and XClass customers. Additionally, the pact covers expanded availability of AMC Networks’ other targeted streaming services — Acorn TV, Shudder, Sundance Now, Allblk and the recently acquired Hidive — to Comcast users.
The number of monthly users of the streaming service — 24.5 million active accounts at the end of 2021 — is already at 75% of the company’s original projection for 2024, including 9 million who are paying for either limited commercials or no commercials. Thus, spending is being ramped up for even faster growth, with profits from the rest of NBCUniversal easily covering a few more years of losses at Peacock.
Comcast Corp. said this morning that it added fewer broadband customers than in recent quarters, a slowdown that comes after a period of record growth during the height of the coronavirus lockdowns. It reported a 9.6% decline in fourth-quarter net profit to $3.06 billion, or 66 cents a share, from $3.38 billion, or 73 cents a share, a year earlier. The company’s NBCUniversal unit, which is made up of its television, film and theme park businesses, saw revenue rise 25.6% to about $9.34 billion. Peacock hit 24.5 million active accounts, up from 20 million in June.
Comcast and Team Gleason have partnered to drive inclusive innovation to improve the independence and quality of life for people with physical and speech disabilities, including those living with ALS. Together, Comcast and Team Gleason are actively engaging with people with ALS (pALS) and caregivers, as well as preeminent clinicians, technologists and assistive technology partners […]
It includes distribution of ViacomCBS’s TV networks, including CBS Television Network, BET, CBS Sports Network, Comedy Central, MTV, Nickelodeon, Paramount Network, Pop TV, Smithsonian Channel, Showtime and others.
It’s another case of the streaming wars making strange bedfellows: Comcast announced that starting today, Google’s YouTube TV is now available on Xfinity Flex, the cable giant’s video platform for broadband-only customers.
Some observers predicted the just completed carriage talks between Disney and Comcast might make a convenient container in which to resolve Hulu ownership. Why didn’t that happen?
Comcast and Disney renewed a critical carriage pact that will keep ESPN, Disney Channel, ABC and more flowing to the subscribers of the Philadelphia cable giant. The two companies said they had struck a “multi-year agreement” that includes carriage of the ESPN networks, Disney’s kid-focused cable networks, Freeform, the FX and National Geographic networks and ABC-owned stations on Comcast’s Xfinity service.
Comcast Corp.’s NBCUniversal is considering removing much of its content from Hulu and making it exclusive to its Peacock platform, according to people familiar with the matter, as the media giant determines how to best play its hand in the streaming wars. NBCUniversal, which owns one-third of Hulu, with Disney controlling the rest, has to make a decision soon. Under the terms of an agreement with Disney, NBCUniversal has a one-time window to exit from the content-licensing agreement between the two early next year. If it doesn’t exercise the option, the content would remain there until at least 2024.
It’s been four months since Comcast filed its FCC petition asking the agency to look at whether Nexstar is in violation of the 39% broadcast audience cap, and so far, it’s been crickets.
In the span of one month, Comcast has gone from outlier in the streaming platform market to suddenly having a robust smart TV strategy on two continents.
Media revenues for NBCU were up 47.5% to $6.8 billion. Comcast CFO Mike Cavanagh noted that included approximately $1.8 billion attributed to the Tokyo Olympics. But excluding the Olympics, revenues were still up 9.2%, driven by higher distribution and advertising revenue.
NBCUniversal parent company Comcast beat on both revenue and earnings expectations in the third quarter of 2021, which featured both the (delayed) Tokyo Olympics and “F9.” Wall Street had forecast earnings per share of 75 cents on $29.87 billion in revenue, according to a consensus estimate compiled by Yahoo Finance. Comcast reported adjusted EPS of 87 cents on $30.298 billion in revenue. The adjustment made up just one penny per share.
It all comes down to having power over what Americans watch and how.
Comcast has established a successful 10 Gbps network-to-modem connection using virtualized CMTS and the full duplex version of the new DOCSIS 4.0 standard, the cable company announced Thursday from the Society of Cable Telecommunications Engineers‘ once-again-virtualized Cable-Tec Expo conference.
Comcast and Cox Communications are chugging along down the road toward DOCSIS 4.0, aiming to take work currently being done in the lab out into the wild in the near future. Executives from both companies shed light on their progress during a pre-conference session held before the official start of SCTE’s Cable-Tec Expo on Tuesday.
Comcast today appointed John “J.D.” Keller the new senior vice president for the company’s Mountain West region, succeeding Amy Lynch who was named Comcast West Division’s SVP of customer experience and customer operations. In this role, Keller is the top executive responsible for customer experience, sales, operations and financial performance for the region. Keller will […]
Comcast has launched a new wireless streaming device — the XiOne — that will become the company’s standard platform across the globe. (Image: Comcast)