[ Comcast reported first quarter results that outpaced Wall Street expectations, with Peacock reaching 34 million subscribers but posting higher programming costs. Total revenue inched up 1% to $30.1 billion, with adjusted earnings per share coming in at $1.04, up from 92 cents in the year-ago period. The Media division, which includes Peacock, reported a … Read more
[ Wonya Lucas, a veteran media exec who held the post of CEO for Hallmark Media Networks and TV One, has been appointed to Comcast‘s board of directors. Lucas will serve as an independent director, the media company said in an SEC filing. She has not yet been appointed to serve as a member of … Read more
[ Comcast hosted about 300 at its Philadelphia headquarters Tuesday to highlight the technology side of its business, one that’s less covered than entertainment but sets it apart from media rivals, and gives its content an attractive home. The vibe at the first Comcast Converge was a bit upfront-ish, hosted by SNL’s Keenan Thompson for … Read more
[ Comcast saw fourth-quarter net income of close to $3.3 billion as revenue passing $31 billion, up, respectively, 7.8% and 2.3%, with the numbers beating Wall Street forecasts. Peacock hit some milestones, studio profit surged and theme parks continue strong. Free cash flow was $1.7 billion vs $1.3 billion. The media giant lost video and … Read more
[ Your internet service provider could have a good idea of who you’re planning to vote for in the 2024 election as well as the gender of the last person you slept with—and it’s saving that information for later. Major internet providers, like Comcast’s Xfinity, stockpile more revealing data than users might initially realize. For … Read more
[ Top U.S. cable operator Comcast has reached a carriage renewal with Paramount Global, averting a potential blackout of service around the New Year’s holiday. The deal, confirmed to Deadline by a Paramount spokesperson, comes before the expiration of the current pact at the end of the year. In January 2022, Paramount (then known as … Read more
[ A favorite and feverish game from Wall Street to Hollywood heading into 2024 is pairing up media companies, or pieces of them, to see what fits where in a high-stakes jigsaw puzzle that will shape the future of the industry. Ongoing streaming losses, anticipated interest rate cuts (that could lower financing costs), more robust … Read more
[ NBCUniversal has recently purchased land in Bedford in the U.K. where it may build new a theme park. It’s early in the planning process and may be some time before a final decision is made to proceed. There’s been no determination yet on creative content. “We recently acquired land in Bedford and are at the early stages … Read more
