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Eight years ago in August, African pay-TV giant MultiChoice Group launched streaming service Showmax in South Africa. Since then, it has expanded to 44 countries in Sub-Saharan Africa, with a Showmax diaspora service also currently available in more than 30 international markets worldwide. Showmax has made a name for itself with original content and not…
Comcast reported its Q2 earnings Thursday, with its NBCUniversal division reporting some huge gains but also underscoring the challenge of making streaming into a profitable business. Overall, Comcast handily smashed Wall Street expectations in both revenue and earnings per share. Peacock now has 24 million subscribers, up from 22 million last quarter and 13 million…
Comcast’s NBCUniversal has unveiled a strategic expansion of its global One Platform advertising technology, data, measurement, and content offering, enabling marketers to manage multi-market ad campaigns across linear TV, connected TV, and premium digital video inventory in a single buy. One Platform is partnering with FreeWheel, Comcast’s advertising management solution that enables clients to manage…
Will Comcast Sell Off Parts of Sky? Brian Roberts, chairman and CEO of U.S. media giant Comcast, is traditionally a buyer and a builder, not a pump-and-dumper. Over the years, he has grown Comcast through bold M&A moves, snatching up NBCUniversal in 2011, DreamWorks Animation in 2016, and, in the company’s most recent mega-buy, paying…
Comcast’s NBCU and Sky Partner With MultiChoice on Showmax Streaming Service in Africa African pay TV giant MultiChoice Group and Comcast’s NBCUniversal and Sky on Thursday unveiled a partnership that “will bring some of the world’s best content and technology to streaming customers across MultiChoice’s 50-market footprint in sub-Saharan Africa at a time when Africa…
Comcast In “Peak Expense Mode” For Peacock Streaming Investment This Year, CFO Says Comcast continues to lose cable TV subscribers, but its streaming platform Peacock is posting customer growth, despite rising losses. That’s how newly-installed Comcast CFO Jason Armstrong likes to focus on Peacock — the streaming platform for Comcast-owned NBCUniversal — as less a drag…
What Next for Hulu? Wall Street Debates Deal Scenarios for Disney and Comcast Does Disney need Hulu? Does Comcast want Hulu? Can the two sector giants strike a win-win deal for Hulu? Those are just some of the questions swirling around Wall Street these days. But don’t expect clear answers in Philadelphia, home of Comcast,…
NBCUniversal CEO: “We Are Always Looking for Bolt-On Acquisitions” Will they or won’t they buy anything? And if so, what? With M&A speculation regularly swirling around the entertainment industry, including NBCUniversal owner Comcast, the cable giant’s executive team was quizzed on its appetite for acquisitions during the company’s earnings conference call on Thursday. Comcast and…
NBCUniversal’s Peacock Tops 20M Paid Subs, Streamer’s Loss Widens to $978M in Fourth Quarter Peacock, the streaming service of Comcast’s entertainment unit NBCUniversal, grew its revenue and subscribers in the fourth quarter, but its loss widened again compared with the year-ago period. Comcast’s earnings report for the final period of 2022 detailed quarterly financials for NBCUniversal, including higher…
Comcast Inks Contract With President Michael Cavanagh Through 2027 Michael Cavanagh, the chief financial officer of Comcast who was recently given the added title of president, has inked a new multi-year deal with the company. The Brian Roberts-led Comcast disclosed Dec. 30 that it entered into a new employment agreement with Cavanagh through the end…