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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…
Does U.K. TV giant ITV, led by CEO Carolyn McCall, feel more pressure to boost the scale of its production arm ITV Studios after this week’s news of the mega-merger between production giants Banijay and All3Media? What is the state of ITV’s deal talks with Comcast‘s Sky? And what does the Paramount Skydance deal for…
Now it is official. Comcast said on Monday that the separation of most of its cable networks into a separate entity called Versant Media Group, led by Mark Lazarus as CEO, has been completed. Lazarus and his team will “lead the development of an independent strategy,” while also establishing the firm as a potential partner and…
Comcast president Mike Cavanagh has inked a contract extension with the cable and media giant, just days before he is set to be promoted to co-CEO of the company alongside Brian Roberts. The company had previously announced the promotion at the end of September. Comcast disclosed the contract Tuesday evening in an SEC filing. Cavanagh’s…
In a deal that would dramatically change the entertainment industry, Netflix, led by Ted Sarandos and Greg Peters, is poised to win the battle for Warner Bros. Discovery‘s studios and HBO Max streaming business. Netflix is said to be in exclusive talks with the David Zaslav-led WBD after topping rival bids from Paramount and Comcast….
“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…
Flight 149: Hostage of War is the title of a new Sky feature documentary that recounts “one of the most extraordinary – and until recently, officially denied – chapters of the Gulf War,” the Comcast-owned company said on Friday in unveiling a trailer for the original film that will debut in the U.K. and Ireland in June. “On Aug. 2, 1990, just…
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…
The Trump administration’s campaign against diversity, equity and inclusion programs in the media and entertainment sector has turned its attention on Comcast. The media conglomerate has confirmed that Federal Communications Chair Brendan Carr has notified Comcast his agency is to investigate the company’s DEI practices. “We have received an inquiry from the Federal Communications Commission…