February 23, 2014 |
Netflix has agreed to pay Comcast to ensure the subscription service's movies and TV shows stream seamlessly in a deal that underscores the power of distribution in the digital era - and could mean higher rates for consumers. The nation's leading online video service and the largest U.S. provider of home Internet access said the agreement is designed to ensure that Netflix subscribers can watch the new season of "House of Cards" and other content free of the pauses and hiccups subscribers have reported in recent months.
February 13, 2014 |
Comcast Corp.'s $45.2-billion bid to acquire Time Warner Cable would expand the reach of the nation's largest residential Internet provider into one-third of America's broadband households. The digital land-grab is likely to serve as a rallying cry for those who advocate government regulation over broadband providers. As a result of the deal, Comcast would reach 30-million broadband customers out of 92-million U.S. households with high-speed Internet access. Its sheer size and market clout present an opportunity for the Federal Communications Commission to revisit its efforts to regulate broadband Internet access.
February 15, 2012 |
Comcast Corp. beat analysts' estimates with a 26% increase in fourth-quarter profit, but two NBCUniversal units continued to struggle: the NBC broadcast network and Universal Pictures. For the quarter that ended Dec. 31, the Philadelphia cable television giant posted net income of $1.29 billion, or 47 cents a share, compared with $1.02 billion, or 36 cents, for the year-earlier period. Revenue climbed 3% to $15 billion. Once again, the company's core business of providing bundles of cable TV channels and high-speed Internet service bolstered its financial results.
October 9, 2013 |
Comcast Corp. has struck a partnership with Twitter to try to capitalize on the huge volume of social media conversations that occur about TV shows. Twitter has turned out to be a digital water cooler with thousands of people around the country simultaneously engaging in real-time conversations on Twitter about favorite television shows or sporting events as they unfold. Media companies, including Comcast, have been scurrying to find ways to channel these conversations that occur on the so-called "second screen" into more viewers for their television programming.
September 16, 2013 |
After the coffee. Before proclaiming next week's "Breaking Bad" to be the best episode of TV ever. The Skinny: The bad news is that the Redskins are 0-2. The good news is they play in the NFC East, where everyone is mediocre. Still, if they don't beat Detroit next week it will be a long and ugly season. Monday's roundup includes the weekend box-office report and NBCUniversal's big hire. Daily Dose: You know your football team is bad when the local TV station is basically apologizing for carrying its games.
December 2, 2013 |
The Chernin Group has acquired a majority stake in Crunchyroll Inc., an online video company that specializes in Japanese animation known as anime. "Online video is growing faster than any other sector within media, and we feel that with Crunchyroll, we have a fantastic, anchor platform," said Chernin Group Chief Executive Peter Chernin in a statement. Chernin added that he plans to expand the anime segment and enter new genres through additional channels. The Chernin Group said Crunchyroll's senior management will keep a "significant stake" in the company along with its existing investor, TV Tokyo Corp. Financial terms of the sale were not disclosed.
May 3, 2012 |
The Federal Communications Commission has ruled in favor of Bloomberg Television in its bitter fight with Comcast Corp. over where its business channel was carried on the cable giant's systems. In a ruling issued by the agency's Media Bureau on Wednesday, the FCC agreed with Bloomberg that Comcast is required to place the business network in the same neighborhood as other news channels, particularly those owned by Comcast, including CNBC and MSNBC. "We agree with Bloomberg that the plain language of the condition suggests that the commission intended that the condition would apply to Comcast's existing channel lineups," the FCC said.
July 12, 2013 |
Like Lucy yanking the football away from Charlie Brown just when he's about to kick it, the owners of Hulu have once again pulled the plug on selling the popular online site. Those lying flat on their back include satellite broadcaster DirecTV, cable operator Time Warner Cable and the Chernin Group, which was partnering with AT&T on a bid. This is the second time in less than two years that Walt Disney Co. and 21st Century Fox have gone through an elaborate auction process to sell the site only to get cold feet . Hulu's third owner -- Comcast's NBCUniversal -- is a silent partner in the site.
April 3, 2013 |
After weeks of speculation, NBC confirmed today that Jimmy Fallon will succeed Jay Leno as host of “The Tonight Show” in the spring of 2014. As part of the switch from Leno to Fallon, “The Tonight Show” will move from Burbank to New York City. Leno has served as host of “The Tonight Show” for more than two decades and has been in first place in the ratings during much of that run. Fallon, who hosts the show that currently follows Leno, recently signed a new deal with NBC. No replacement for Fallon has been named but there is talk that Seth Meyers of “Saturday Night Live” is the leading candidate.
October 4, 2013 |
David Letterman isn't going away just yet. The CBS late-night host has extended his contract through 2015. His deal had been set to expire in 2014. In a statement, Letterman cracked that he had a conversation with CBS Chief Executive Leslie Moonves and they both agreed that "I needed a little more time to fully run the show into the ground. " PHOTOS: Hollywood Backlot moments Letterman has been with CBS since 1993. Though he currently trails rival Jay Leno in the ratings, CBS is optimistic that will change when Leno steps down and is replaced by Jimmy Fallon early next year.