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Peacock, the streaming service of Comcast’s entertainment unit NBCUniversal, posted a first-quarter loss of $432 million, compared with a loss of $215 million in the year-ago period and a fourth-quarter loss of $552 million. Overall revenue at the streaming platform came to $2.0 billion, up from $1.2 billion in the year-ago period and $1.6 billion in the…
“Comcast names Michael Cavanagh to serve as co-CEO with Brian Roberts” Comcast said Monday it will appoint President Michael Cavanagh as co-CEO, adopting a dual chief executive model as the company prepares to spin off several NBCUniversal cable networks as part of a restructuring. Cavanagh will take up the new role in January and also join the…
NBCUniversal owner Comcast has disclosed the 2024 compensation packages for chairman and CEO Brian Roberts and president Michael Cavanagh, along with pay details for other top executives. Comcast’s proxy statement, filed with the Securities and Exchange Commission, showed that Roberts’ pay was $33.9 million in 2024, compared with $35.5 million in 2023. He had made $32.1…
Comcast, led by chairman and CEO Brian Roberts, reported first-quarter results for its entertainment unit and other operations. Peacock, the NBCUniversal streamer under parent Comcast, narrowed its loss to $215 million, from $639 million in the year-ago period, and overall revenue rose 16 percent to $1.2 billion. Peacock ended March 2024 with 41 million paying…
“#ViacomCBS waiting for other suitors: sources” Shari Redstone is hitting pause on any potential partnership talks between her media company ViacomCBS and NBC owner Comcast in hopes of lining up more suitors, The Post has learned. The billionaire heiress, who serves as chairman of ViacomCBS, has decided to hold off until next year before re-engaging…
“#Comcast beats earnings expectations as NBCUniversal’s recovery takes shape” Cable giant Comcast continued to benefit from rising demand for high-speed internet as customers work from home during the pandemic, helping it beat second-quarter earnings expectations. The company added that entertainment division NBCUniversal, which includes Hollywood movie studio Universal Pictures, streaming service Peacock and Universal Studios…
“#Comcast, ViacomCBS bosses discussed streaming deal: report” Comcast chief executive Brian Roberts and ViacomCBS chairman Shari Redstone met in recent weeks to discuss a potential streaming pact for international markets, according to a new report. Roberts, Redstone and ViacomCBS CEO Bob Bakish convened in New York at the end of June to explore a host…
“#Discovery’s David Zaslav promises more media merger mania at Sun Valley” SUN VALLEY, Idaho — Allen & Co.’s “summer camp for billionaires” kicked off on Tuesday with David Zaslav of Discovery promising that the media merger frenzy created by the video streaming wars is far from over. “We’re not done yet,” Zaslav said when asked…
“#Comcast profits surge despite revenue drop at NBCUniversal” Comcast said its quarterly profit soared 55 percent, lifted by its booming broadband and wireless businesses even as its NBCUniversal unit’s theme parks and TV networks continued to get hammered by the pandemic. The cable TV giant also gave investors a peek into its nascent streaming business,…