March 6, 2014 |
Construction is set to start later this year on a $2-billion Universal Studios theme park in Beijing, according to published reports. A park in Beijing has been under discussion for years, but details have remained murky. A spokesperson for Universal Studios Theme Parks, a division of NBC Universal, could not be reached for comment. The park would be the sixth for Universal, including four already in operation and one that is set to open in South Korea in 2016. Construction will begin in Beijing later this year, with completion scheduled for 2018, according to the website aastocks.com.
July 28, 2010 |
Comcast Corp., the largest U.S. cable company, posted second-quarter profit and sales that beat analysts' estimates as more customers elected premium services such as digital video recorders and high-speed Internet. Profit, excluding costs related to the company's pending takeover of NBC Universal Inc., was 33 cents a share, on sales of $9.53 billion, Comcast said Wednesday. That topped the 32-cent average of estimates compiled by Bloomberg. Analysts predicted the cable operator's sales would be $9.28 billion.
October 14, 2010 |
Google Inc.'s ambitions to broaden its advertising reach beyond the Internet have been dealt a blow by the loss of its marquee media partner ? NBC Universal. NBC said Wednesday that it had stopped providing unsold commercial time from several of its cable channels to Google. Two years ago, Google's efforts to ramp up its television ad sales brokerage system received a substantial boost when NBC Universal became the first major TV programmer to sign on. NBC had been contributing time from its Syfy, Oxygen, MSNBC, Sleuth and Chiller channels.
September 26, 2010 |
Comcast Corp. and General Electric Co. announced Sunday that Comcast's No. 2 executive, Steve Burke, would become chief executive of NBC Universal when the merger of the two companies is completed. Burke, 52, will succeed Jeff Zucker, who announced Friday that he would step down when Philadelphia-based Comcast assumes control of GM, which is expected to happen late this year or early 2011. Zucker will stay on for the next few months and work with Burke to attempt a smooth transition.
September 27, 2010 |
Comcast Corp.'s second-in-command, Steve Burke, will become chief executive of NBC Universal when the merger of the entertainment assets of Comcast and General Electric Co. is complete, the two companies announced Sunday. Burke, 52, will succeed Jeff Zucker, 45, who said Friday that he would step down when Philadelphia-based Comcast assumes control of NBC Universal, which is expected to happen late this year or early 2011. The two companies are awaiting the federal government's approval of their $30-billion transaction.
November 21, 2009 |
Comcast Corp.'s plan to take control of NBC Universal has encountered a roadblock. The Philadelphia-based cable operator, which had hoped to have a deal announced this week to acquire a 51% stake in the entertainment giant, is being held up as NBC Universal owners spar over the value of the company, according to people close to the negotiations. General Electric Co., which owns 80% of the television and movie company, and French telecommunications firm Vivendi, which owns 20%, have been negotiating for several weeks over the value of the minority stake.