Profile: Comcast Corp (CMCSA.O)
24 May 2017
Comcast Corporation, incorporated on December 7, 2001, is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. The Company's Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks (collectively, the NBCUniversal segments). Its other business interests consist primarily of Comcast Spectacor, which owns the Philadelphia Flyers and the Wells Fargo Center arena in Philadelphia, Pennsylvania and operates arena management-related businesses.
The Company's Cable Communications segment consists of the operations of Comcast Cable, which is a provider of video, high-speed Internet and voice services (cable services) to residential customers under the XFINITY brand. It also provides these and other services to business customers and sells advertising. The Company also offers its home security and automation services as a component of its bundled service offerings. The Company offers a range of video services under the XFINITY brand that provide access to various channels depending on the customer's level of service. Its video services include programing provided by national broadcast networks, local broadcast stations, and national and regional cable networks, as well as government and public access programing. It also offers packages that include foreign-language programing and other specialty tiers of programing with sports, family and international themes.
The Company's video services include access to its video on demand service (On Demand) and an interactive, on-screen program guide. As of December 31, 2016, its On Demand service provided video customers with over 100,000 programing choices over the course of a month, including approximately 40,000 in high definition. Its high-definition video (HD) service provides customers with high-resolution picture quality, improved audio quality and a wide-screen format through an HD set-top box. Its HD service includes a range of HD programing choices, including broadcast networks, national cable networks, premium networks and regional sports networks. Its digital video recorder (DVR) service allows video customers to record and store programs. Its DVR service also provides the ability to pause and rewind live television. The Company is engaged in deploying set-top boxes for its Internet Protocol (IP) and cloud-enabled video platform, referred to as its X1 platform. Its X1 platform provides customers with integrated search functionality, personalized recommendations and access to certain third-party Internet applications, such as Netflix. Through its mobile applications and online portal, the Company offers streaming services that allow its video customers to view certain live programing and On Demand content, browse program listings, and schedule and manage DVR recordings.
The Company offers high-speed Internet services with downstream speeds from a range of up to 10 megabytes per second (Mbps) to fiber-based speeds up to 2 gigabytes per second (Gbps). These services include access to its online portal and mobile applications, which provide e-mail, an address book, calendars and online security features. It offers voice services using an interconnected Voice over Internet Protocol (VoIP) technology. Its voice services provide either unlimited or usage-based local and domestic long-distance calling and include options for international calling plans, voicemail, voicemail transcriptions, text messaging and call waiting. The Company offers its cable services to small and medium-sized businesses and to large enterprises with multiple locations. It offers Ethernet network services that connect multiple locations and provide higher downstream and upstream speed options to medium-sized businesses and large enterprises. The Company also provides cellular backhaul services to mobile network operators to help those customers manage network bandwidth.
The Company's Cable Networks segment consists of a portfolio of national cable networks that provide a range of entertainment, news and information, and sports content, its regional sports and news networks, its international cable networks, and its cable television studio production operations. The Company also owns related digital media properties, which primarily include brand-aligned Websites. As of December 31, 2016, its regional sports and news networks together served over 27 million households across the United States, including various markets, such as Baltimore/Washington, Boston, Chicago, Philadelphia, Portland, Sacramento and San Francisco. The Company markets and distributes its cable network programing in the United States and internationally to traditional and virtual multichannel video providers, as well as to subscription video on demand services. Its cable networks produce their own programs or acquire the rights to programing from third parties, including sports programing rights. Its cable television studio production operations identify, develop and produce original content for its cable networks and third parties. The Company licenses this content to cable networks, broadcast networks and subscription video on demand service.
The Company's Broadcast Television segment operates the NBC and Telemundo broadcast networks. The Company's Broadcast Television segment also includes its owned NBC and Telemundo local broadcast television stations, the NBC Universo national cable network, its broadcast television studio production operations, and related digital media properties. The NBC network distributes entertainment, news and sports programing that reaches viewers in virtually all the United States television households. As of December 31, 2016, the NBC network's programing library consisted of rights of varying nature to over 100,000 episodes of television content, including current and classic titles, unscripted programing, sports, news, long-form and short-form programing, and locally produced programing from around the world. Its sports programing commitments include the United States broadcast rights for the summer and winter Olympic Games through 2032 and agreements with the NFL to produce and broadcast a specified number of regular season and playoff games, including Thursday Night Football through the 2017-18 season, Sunday Night Football through the 2022-23 season and the 2018 and 2021 Super Bowl games.
The Company's broadcast television studio production operations develop and produce original content, including scripted and unscripted programing series and talk shows. This original content is licensed to broadcast networks, cable networks and local broadcast television stations owned by the Company and third parties, as well as to subscription video on demand services, and it is sold on digital video discs (DVDs) and through digital distribution services both in the United States and internationally. It distributes some of its television programs after their initial broadcast, as well as older television programs from its library, to local broadcast television stations and cable networks in the off-network syndication market. As of December 31, 2016, the Company owned and operated 10 NBC-affiliated local broadcast television stations that collectively reached approximately 31 million the United States television households, which represent approximately 27% of the United States television households.
Telemundo is a Hispanic media company that produces, acquires and distributes Spanish-language content in the United States and internationally. Telemundo's operations include the Telemundo network and the NBC Universo national cable network. The Telemundo network is a Spanish-language broadcast network featuring original telenovelas, movies, news, specials and sporting events. Telemundo develops original programing primarily through its production studio and also acquires the rights to programing from third parties. As of December 31, 2016, Telemundo owned 17 local broadcast television stations, including 16 local broadcast television stations affiliated with the Telemundo network.
The Company's Filmed Entertainment segment primarily produces, acquires, markets and distributes filmed entertainment across the world, and it also develops, produces and licenses live stage plays. The Company produces films both on its own and jointly with other studios or production companies, as well as with other entities. Its films are produced primarily under the Universal Pictures, Illumination and Focus Features names, and DreamWorks Animation. Its films are marketed and distributed across the world primarily through its own marketing and distribution operations. Its content includes theatrical films and direct-to-video movies. As of December 31, 2016, its film library consisted of over 5,000 movies in a range of genres.
The Company's Theme Parks segment consists primarily of its Universal theme parks in Orlando, Florida and Hollywood, California. It owns interest in Universal Studios Japan. As of December 31, 2016, Universal Orlando included two theme parks, Universal Studios Florida and Universal's Islands of Adventure, as well as Universal CityWalk Orlando, a dining, retail and entertainment complex. Universal Orlando also features on-site themed hotels in which the Company owns a noncontrolling interest. Its Universal theme park in Hollywood, California consists primarily of Universal Studios Hollywood, as well as Universal CityWalk Hollywood. In addition, the Company licenses the right to use the Universal Studios brand name and other intellectual property, and also provides other services, to third parties that own and operate the Universal Studios Singapore theme park on Sentosa Island, Singapore.
The Company competes with AT&T Inc., DISH Network Corporation, Verizon Communications Inc., CenturyLink, Inc., Time Warner Inc. and Frontier.
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