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Versant Media Group has taken a minority stake in GammaTime, the microdrama streaming app, as part of a Series A funding round. Financial terms of the deal were not disclosed by the USA Network and Syfy owner, but the agreement includes adapting stories based on Versant channel brands as vertical series and aligning the Comcast…
CNBC is cutting some newsroom jobs in a reorganization meant to unify its digital and TV news operations. Fewer than a dozen roles were impacted, with plans to ultimately hire more people to expand its TV and digital business. In other words, the changes are about structure, and not cost savings. ”The changes made today…
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…
The invitation to NBCUniversal‘s 2025 upfront presentation promised “a sneak peek at the greatest two years in the history of any media company.” Hyperbole? You bet. We’ll all be content if the entertainment industry just stays afloat through 2026. But it’s always easier to make lofty claims when you’re first at bat, as Comcast’s evolving…