Comcast

Company Description

Comcast Corporation is a telecommunications conglomerate. One of the leaders in the US and the world, Comcast operates in broadcasting and cable television, pay-TV, cable TV, home Internet service, and home telephone service. A producer of films and television programs through its subsidiaries NBCUniversal and Universal Pictures, Comcast is also involved in multiple other industries through subsidiaries, including residential cable with Xfinity, commercial services through Comcast Business, TV channels notably with NBC, Telemundo, MSNBC, CNBC, and Sky.

Detailed Description

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Media, Studios, Theme Parks, and Sky segments. The Cable Communications segment offers broadband, video, voice, wireless, and other services to residential and business customers under the Xfinity brand; and advertising services. The Media segment operates NBCUniversal's television and streaming platforms, including national, regional, and international cable networks, the NBC and Telemundo broadcast, and Peacock networks. The Studios segment operates NBCUniversal's film and television studio production and distribution operations. The Theme Parks segment operates Universal theme parks in Orlando, Florida; Hollywood, California; Osaka, Japan; and Beijing, China. The Sky segment offers direct-to-consumer services, such as video, broadband, voice and wireless phone services, and content business operates entertainment networks, the Sky News broadcast network, and Sky Sports networks. The company also owns the Philadelphia Flyers, as well as the Wells Fargo Center arena in Philadelphia, Pennsylvania; and provides streaming service, such as Peacock. Comcast Corporation was founded in 1963 and is headquartered in Philadelphia, Pennsylvania.

Wikipedia Introduction

Comcast Corporation (formerly known as American Cable Systems and Comcast Holdings)[note 1] is an American multinational telecommunications conglomerate headquartered in Philadelphia, Pennsylvania. It is the second-largest broadcasting and cable television company in the world by revenue (behind AT&T), the largest pay-TV company, the largest cable TV company and largest home Internet service provider in the United States, and the nation's third-largest home telephone service provider. It provides services to U.S. residential and commercial customers in 40 states and the District of Columbia. As the parent company of the international media company NBCUniversal since 2011, Comcast is a producer of feature films for theatrical exhibition, and over-the-air and cable television programming. Comcast owns and operates the Xfinity residential cable communications subsidiary, Comcast Business, a commercial services provider; Xfinity Mobile, an MVNO of Verizon; over-the-air national broadcast network channels (NBC, Telemundo, TeleXitos, and Cozi TV); multiple cable-only channels (including MSNBC, CNBC, USA Network, Syfy, NBCSN, Oxygen, Bravo, G4 and E!); the film studio Universal Pictures; the VOD streaming service Peacock; animation studios (DreamWorks Animation, Illumination, Universal Animation Studios) and Universal Parks & Resorts. It also has significant holdings in digital distribution, such as thePlatform, which it acquired in 2006; and ad-tech company FreeWheel, which it acquired in 2014. Since October 2018, it is also the parent company of mass media pan-European company Sky Group, making it the biggest media company with more than 53 million subscribers in the U.S. and Europe. Comcast has been criticized for a variety of reasons. Its customer satisfaction ratings were among the lowest in the cable industry during the years 2008 - 2010. It has violated net neutrality practices in the past, and, despite its commitment to a narrow definition of net neutrality, critics advocate a definition that precludes any distinction between Comcast's private network services and the rest of the Internet. Critics also point out a lack of competition in the vast majority of Comcast's service areas; in particular, the limited competition among cable providers. Given its negotiating power as a large ISP, some suspect that it could leverage paid peering agreements to unfairly influence end-user connection speeds. Its ownership of both content production (in NBCUniversal) an…

Source: Wikipedia, retrieved on March 31, 2022, 8:44 p.m.

Product & Services

BroadbandBroadcastingCable televisionDigital telephoneDirect-broadcast satelliteHDTVHome security systemsInternetPay televisionFilm productionHome videoSport managementTheme parksTV productionMobileVenture capitalVoIP phone

Key People

Founder(s): Ralph J. Roberts

Brian L. Roberts (Chairman & CEO) Michael Cavanagh (S E VP & CFO) David L. Cohen (E VP)

Financials

Revenue: US$103.56 billion (2020)

Operating income: US$17.4 billion (2020)

Net income: US$10.53 billion (2020)

Total assets: US$273.69 billion (2020)

Total equity: US$71.613 billion (2018)