{"id":543976,"date":"2023-01-26T19:07:41","date_gmt":"2023-01-26T16:07:41","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/nbcuniversal-ceo-we-are-always-looking-for-bolt-on-acquisitions\/"},"modified":"2023-01-26T19:07:41","modified_gmt":"2023-01-26T16:07:41","slug":"nbcuniversal-ceo-we-are-always-looking-for-bolt-on-acquisitions","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/nbcuniversal-ceo-we-are-always-looking-for-bolt-on-acquisitions\/","title":{"rendered":"#NBCUniversal CEO: \u201cWe Are Always Looking for Bolt-On Acquisitions\u201d"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a292f1817e61\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a292f1817e61\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/nbcuniversal-ceo-we-are-always-looking-for-bolt-on-acquisitions\/#NBCUniversal_CEO_%E2%80%9CWe_Are_Always_Looking_for_Bolt-On_Acquisitions%E2%80%9D\" >NBCUniversal CEO: \u201cWe Are Always Looking for Bolt-On Acquisitions\u201d<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"NBCUniversal_CEO_%E2%80%9CWe_Are_Always_Looking_for_Bolt-On_Acquisitions%E2%80%9D\"><\/span>NBCUniversal CEO: \u201cWe Are Always Looking for Bolt-On Acquisitions\u201d<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    Will they or won\u2019t they buy anything? And if so, what? With M&amp;A speculation regularly swirling around the entertainment industry, including NBCUniversal owner Comcast, the cable giant\u2019s executive team was quizzed on its <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>etite for acquisitions during the company\u2019s earnings conference call on Thursday. <\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    Comcast and NBCUniversal have in the past been mentioned as possible suitors of the likes of film libraries or other intellectual property, sports entertainment powerhouse WWE, parts of Walt Disney and, longer-term, maybe even the likes of Warner Bros. Discovery.  <\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    Comcast president Michael Cavanagh reemphasized to analysts on the fourth-quarter earnings conference call that the company weighs up whether any takeover adds enough to the mix given it has enough attractive businesses it wants to invest in and grow. As such, he once again signaled that any potential deal discussions would focus on whether buying a new asset makes financial and strategic sense. <\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    \u201cIs it worth it\u201d paying for a deal, when compared to investing the money in Comcast\u2019s existing businesses? That\u2019s how Cavanagh explained the theme of discussions that the company would have when it comes to possible acquisitions. \u201cOur bias has to be investing behind our businesses themselves, where we operate, control what we are doing, have momentum, no surprises,\u201d the exec said. <\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    With Comcast often seen as a potential buyer of big <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a> assets, Cavanagh, the conglomerate\u2019s former CFO, now president, had also told an investor conference in 2021 that \u201cthe bar is really high for us to pursue outright acquisitions of any material size.\u201d He added: \u201cWe got a great hand to play with what we have.\u201d<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    Meanwhile, NBCUniversal CEO Jeff Shell noted on Thursday\u2019s earnings call that not all transactions have to be transforming mega-deals that add businesses where the buyer lacks expertise. \u201cWe are always looking for bolt-on acquisitions that bolster our business. And I\u2019ll give two examples. We bought DreamWorks (Animation), and it\u2019s been paying off steadily since our acquisition. And just now, <em>Puss in Boots (The Last Wish)<\/em>, which is a big hit at the box office and really our entry back into the <em>Shrek<\/em> universe, continues to make that acquisition look really favorable. And we have invested in our Blumhouse investment over time where we are a partner with Jason Blum. And we have a big hit <em>M3gan<\/em> this month, which is coming out of that investment. So we are always looking at bolt-on acquisitions that don\u2019t necessarily involve big industry consolidation questions.\u201d<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    In December, Shell had discussed continuing industry consolidation at a UBS investor conference. \u201cWe have scale to do anything we want to do. It\u2019s definitely going to be interesting,\u201d he said. \u201cThere\u2019s so much turmoil in our market among different competitors that you can imagine there\u2019s going to be assets available at some point that must be attractive.\u201d<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    Previously, Comcast chairman and CEO Brian Roberts had also signaled a focus on the businesses the company already owns and downplayed the need for big moves. \u201cLooking ahead, we remain focused on our many exciting organic growth opportunities across all of our businesses,\u201d he said, for example.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    In September 2021, Roberts had said about the asset mix and positioning of Comcast that \u201cI wouldn\u2019t want to trade places with too many people, if anyone.\u201d He had added back then that the COVID pandemic time was proof that \u201cwe are in good businesses (and) scale matters,\u201d noting that during the pandemic some businesses, such as TV advertising, took a temporary hit, while others were \u201csurging,\u201d such as broadband.<\/p>\n<\/p><\/div>\n<p><script type=\"text\/plain\" class=\"optanon-category-C0004\">\n!function(f, b, e, v, n, t, s) {\nif (f.fbq) return;\nn = f.fbq = function() {n.callMethod ? n.callMethod.apply(n, arguments) : n.queue.push(arguments);};\nif (!f._fbq) f._fbq = n;\nn.push = n;\nn.loaded = !0;\nn.version = '2.0';\nn.queue = [];\nt = b.createElement(e);\nt.async = !0;\nt.src = v;\ns = b.getElementsByTagName(e)[0];\ns.parentNode.insertBefore(t, s);\n}(window, document, 'script', 'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\nfbq('init', '352999048212581');\nfbq('track', 'PageView');\n<\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more Like this articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/social-media\/\" target=\"_blank\" rel=\"noopener\">Social Media category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/www.hollywoodreporter.com\/business\/business-news\/comcast-nbcuniversal-ceo-deal-acquisition-1235134698\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NBCUniversal CEO: \u201cWe Are Always Looking for Bolt-On Acquisitions\u201d Will they or won\u2019t they buy anything? And if so, what? With M&amp;A speculation regularly swirling around the entertainment industry, including NBCUniversal owner Comcast, the cable giant\u2019s executive team was quizzed on its appetite for acquisitions during the company\u2019s earnings conference call on Thursday. Comcast and&#8230;<\/p>\n","protected":false},"author":1,"featured_media":543977,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/www.hollywoodreporter.com\/wp-content\/uploads\/2023\/01\/GettyImages-1327533644.jpg?w=1024","fifu_image_alt":"","footnotes":""},"categories":[17],"tags":[72125,134741,124783,71338,27947,5040],"class_list":["post-543976","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-social-mediaa","tag-comcast","tag-earnings","tag-international","tag-nbcuniversal","tag-peacock","tag-streaming-wars"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/543976","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=543976"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/543976\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/543977"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=543976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=543976"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=543976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}