reports
Comcast’s Future “SpinCo” CEO Mark Lazarus Announces Key Appointments ...
NEW YORK--(BUSINESS WIRE)-- Mark Lazarus, the prospective Chief Executive Officer of “SpinCo,” Comcast’s planned spin-off of select cable television networks, today announced additional appointments to the future senior leadership team of SpinCo. SpinCo will be a leading independent publicly traded media company comprised of USA Network, CNBC, MSNBC, Oxygen, E!, SYFY and Golf Channel along with complementary digital assets Fandango, Rotten Tomatoes, GolfNow and SportsEngine. The team, which will be led by Mr. Lazarus and Anand Kini, prospective Chief Financial Officer and Chief Operating Offic...
Comcast’s MachineQ Unveils MQio 9w: A New Remote Telemetry Device Revo...
PHILADELPHIA--(BUSINESS WIRE)-- , a Comcast Company, today announced the launch of the , an IoT device that transforms non-connected equipment into “smart” assets. Powered by MachineQ’s scalable IoT network connectivity platform, the remote equipment telemetry and control device delivers real-time visibility and enhanced operational efficiency across various industries, from foodservice to life sciences, adding equipment intelligence to its solutions portfolio. This press release features multimedia. View the full release here: Comcast’s MachineQ Unveils MQio 9w (Graphic: Business Wire) As th...
Sharp Selects Xumo for New 2025 AQUOS QLED Smart TVs
PHILADELPHIA--(BUSINESS WIRE)-- Xumo, a streaming platform joint venture between Comcast and Charter, today announced that Sharp will introduce a new line of QLED 4K UHD TVs featuring the Xumo TV operating system, launching across the U.S. in spring 2025. This press release features multimedia. View the full release here: Sharp will introduce a new line of QLED 4K UHD TVs featuring the Xumo TV operating system (Photo: Business Wire) The TVs, which will be available in 50”, 55”, 65”, 75” and 85” screen class sizes, will offer features and functionality built to solve a growing source of frustr...
Xumo Expands Partnership with Google TV™ to Distribute and Monetize FA...
PHILADELPHIA--(BUSINESS WIRE)-- Xumo, the streaming platform joint venture between Comcast and Charter Communications, today announced it has expanded its enterprise partnership with Google TV Freeplay. In addition to distributing all 160+ free ad-supported streaming TV (FAST) channels that are currently offered on Google TV Freeplay, Xumo will now monetize all those channels, which will be branded as “provided by Xumo” within the experience. Facing increased fragmentation across the television landscape, advertisers are looking for the simplest, data-driven ways to find their audiences at s...
Comcast Business Expands Enterprise Capabilities With Acquisition of U...
PHILADELPHIA--(BUSINESS WIRE)-- Comcast Business today announced it has signed an agreement to acquire Nitel, a U.S. managed services provider headquartered in Chicago, from international private equity firm Cinven. The acquisition will expand Comcast Business’ presence in connectivity, global secure networking and advanced technology, and enhance Comcast’s ability to serve enterprise clients. This press release features multimedia. View the full release here: Nitel is a network-as-a-service (NaaS) provider, specializing in delivering advanced managed services and connectivity solutions to e...
Comcast and Warner Bros. Discovery Announce Multi-Year Distribution Ag...
PHILADELPHIA & NEW YORK--(BUSINESS WIRE)-- Comcast (NASDAQ: CMCSA) and Warner Bros. Discovery Inc. (NASDAQ: WBD) today announced long-term agreements that will deliver WBD’s extensive portfolio of content to Xfinity and Sky UK and Ireland customers using Comcast’s global technology platform across linear television, apps, and streaming services. This press release features multimedia. View the full release here: Comcast has entered into renewal agreements that further the companies’ longstanding distribution relationship with WBD’s portfolio of linear cable networks for Xfinity TV customers,...
Comcast Premieres "Our Blues Makes Us Gold," A Compelling Documentary ...
PHILADELPHIA--(BUSINESS WIRE)-- Comcast today announced the exclusive premiere of Our Blues Makes Us Gold, a feature-length documentary that examines the history and global impact of North Carolina Agriculture and Technical State University, the country’s largest historically Black university, from filmmakers Brandon Gerard and Ashley Shanté. The documentary is available for free as part of Comcast’s Black Experience on Xfinity and Xumo Play. This press release features multimedia. View the full release here: Comcast Premieres "Our Blues Makes Us Gold" on Black Experience on Xfinity (Graphic:...
- Jonathan Chaplin
3Q24 Broadband Trends: FWA capacity limits; FWA demand limits
In this iteration of “Broadband Trends” we update our FWA capacity forecast. We also touch on early signs that demand for FWA may be limited, which could prevent mobile operators from reaching capacity limits (or force them to work harder to get there). This could have a big impact on the pace of Cable subscriber growth. Finally, we reprise our work on the competitive positioning of the various operators based on relative NPS scores.
Glinda and Elphaba Wicked Costumes on Display at the Comcast Technolog...
PHILADELPHIA--(BUSINESS WIRE)-- The signature costumes of Glinda and Elphaba, as worn by Ariana Grande and Cynthia Erivo in Universal Pictures' cinematic event Wicked, are on display in the Comcast Technology Center in Philadelphia. Universal Pictures’ Wicked arrives in theaters November 22, 2024. This press release features multimedia. View the full release here: The signature costumes of Glinda and Elphaba, as worn by Ariana Grande and Cynthia Erivo in Universal Pictures' cinematic event Wicked, on display in the Comcast Technology Center in Philadelphia. (Photo: Comcast)View source version...
- Blair Levin
Comcast Spins: Regulatory Implications
Comcast has announced it is spinning off its cable channels. As we wrote in a note when Comcast executives first publicly discussed this possibility, while the spin itself does not create any regulatory issues, the implications down the road were less clear, particularly if Trump was elected. Now that he has been, we provide some updated thoughts here.
- Jonathan Chaplin
CMCSA: cable networks spin announced – a fast-and-loose analysis
Comcast announced plans for the spin-off today. This was previewed at earnings, and anticipated in press reports last night. While the announcement was no surprise, it came sooner than we had hoped. We had been meaning to build a model for SpinCo in anticipation of the announcement but hadn’t gotten to it yet. We run some very fast-and-loose analysis in this note, compiled in just a few minutes this morning following the release. If other analysts have made a proper attempt to strip out Comcast’...
Comcast Announces Intention to Create Leading Independent Media Busine...
PHILADELPHIA--(BUSINESS WIRE)-- Comcast Corporation (NASDAQ: CMCSA) today announced its intent to create a new publicly traded company comprised of a strong portfolio of NBCUniversal’s cable television networks, including USA Network, CNBC, MSNBC, Oxygen, E!, SYFY and Golf Channel along with complementary digital assets including Fandango and Rotten Tomatoes, GolfNow and Sports Engine, through a tax-free spin-off. The well-capitalized independent company (“SpinCo”) will have significant scale as a pure-play set of assets anchored by leading news, sports and entertainment content. SpinCo will...
Xfinity Launches Ultimate Viewing Destination for Universal Pictures’ ...
PHILADELPHIA--(BUSINESS WIRE)-- On November 22, Universal Pictures’ new cinematic event, Wicked, the untold story of the witches of Oz, soars in theaters across the country, bringing the magic of the generation-defining, blockbuster musical to the big screen and introducing global audiences to a spectacular new vision of the world of Oz. To get customers ready, Xfinity is going pink and green and launching the ultimate entertainment destination for Wicked fans. Available across its devices, including Xfinity X1, Xumo Stream Box and Xumo TV, the destination features an interactive timeline of O...
Comcast’s Xfinity Connects Wicked Stars Cynthia Erivo and Ariana Grand...
PHILADELPHIA--(BUSINESS WIRE)-- Today Comcast and Xfinity released the new short film, “Stay Connected to Your Dreams” to celebrate the November 22 release of Universal Pictures’ spectacular new cinematic event, Wicked. This press release features multimedia. View the full release here: To Celebrate the Theatrical Release of Universal Pictures “Wicked”, Comcast and Xfinity Premiere the New Short Film, “Stay Connected to Your Dreams” (Photo: Business Wire) Wicked, the untold story of the witches of Oz, based on the generation-defining blockbuster stage musical, stars Cynthia Erivo and Ariana G...
- Jonathan Chaplin
Autumn for Broadband 3Q24
In this installment of our Autumn for Broadband series, we provide a quick update on trends in the broadband market based on what we have seen from the companies that have reported so far. Adjusted for ACP, trends have improved quite significantly. We continue to expect further recovery next year, once the ACP headwind has passed.
Xumo Teams up With Target to Offer Hisense Xumo TVs
PHILADELPHIA--(BUSINESS WIRE)-- Xumo, a streaming platform joint venture between Comcast and Charter, today announced it has teamed up with Target to offer Hisense Xumo TVs, a budget-friendly, content-forward 4K UHD smart TV. This press release features multimedia. View the full release here: Target Now Offering Hisense Xumo TVs (Photo: Business Wire) Hisense Xumo TVs will launch in stores nationwide and on Target.com starting next week. They will be available in 55” and 65” models and be priced at $249.99 and $359.99 respectively. “The growing fragmentation of content on streaming services c...
- Blair Levin
Potential Comcast Media Moves: Antitrust and Regulatory Prospects
In yesterday’s discussion of Comcast’s 3Q earnings, Comcast President Michael Cavanagh said that Comcast was studying two potential media moves: 1) a spin-off to shareholders of the cable networks (which would not include NBC or Peacock); and 2) a partnership for Peacock with other streamers, but not an acquisition. Our New Street colleagues offered their view on the financial ramifications in a note yesterday. Here, we offer our analysis of potential government reactions.
- Jonathan Chaplin
Comcast Post-3Q24 Model Update
In this note, we cover changes to our estimates, and comparisons with guidance and consensus. Please see separate notes reviewing results and thoughts following the earnings call. The most significant change was lower broadband losses in 4Q. We expect Consensus to lower broadband losses a touch also, but remain where they are on EBITDA. No change to thesis. Price target is $50 (+15%).
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