Profile: Comcast Corp (CMCSA.OQ)
17 Apr 2015
Comcast Corporation, incorporated on December 7, 2001, is a media and technology company with two primary businesses, Comcast Cable and NBCUniversal. The Company’s segments include Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks.
It consists of the operations of Comcast Cable, which is a provider of video, Internet and voice services (cable services) to residential customers under the XFINITY brand, and it also provides similar services to businesses and sells advertising. It also offers packages that include extensive amounts of foreign-language programming, and it offers other specialty tiers of programming with sports, family and international themes. It tailors its video services offerings that serve a particular geographic area according to applicable local and federal regulatory requirements, programming preferences, and demographics. The Company has invested in its Internet Protocol (IP) and cloud-enabled video platform, referred to as its X1 platform which provides integrated search functionality, personalized recommendations and applications accessible through televisions. Its Internet services with downstream speeds are of up to 105 megabits per second (MBps). It offers voice service plans using an interconnected Voice over Internet Protocol (VoIP) technology that provides either usage-based or unlimited local and domestic long-distance calling and include options for international calling plans, voicemail, voicemail transcriptions, text messaging, caller ID and call waiting. It also offers advanced voice services and Ethernet network services to its medium-sized business customers that connect multiple locations, as well as cellular backhaul services to mobile network operators to help them manage network bandwidth. To offer its video services, it licenses a substantial portion of its programming from cable and broadcast networks, as well as from local broadcast television stations.
It consists primarily of its national cable networks, its regional sports and news networks, its international cable networks, and its cable television production operations. The regional sports and news networks in its Cable Networks segment serves more than 35 million subscribers across the United States, including markets such as Atlanta, Baltimore/Washington, Boston, Chicago, Philadelphia, Portland, Sacramento and San Francisco. The Company markets and distributes its cable network programming in the United States and internationally to multichannel video providers, as well as to digital distributors such as Netflix, Amazon, Hulu and Apple. Its cable networks produce their own programs or acquire programming rights from third parties. Its cable television production operations identify, develop and produce original content for cable television and other distribution platforms both for its cable networks and for those of third parties. It licenses the content to cable networks, broadcast networks and digital distributors.
It consists primarily of the NBC and Telemundo broadcast networks, its 10 NBC and 17 Telemundo owned local broadcast television stations, and its broadcast television production operations. The Company’s Broadcast Television segment generates revenue primarily from the sale of advertising, from content licensing and from fees received under retransmission consent agreements. The NBC network distributes more than 5,000 hours of entertainment, news and sports programming annually, and its programs reach viewers in virtually all United States television households through more than 200 affiliated stations across the United States, including its 10 NBC owned local television stations. The NBC network develops a broad range of entertainment, news and sports content and also airs a variety of special-events programming. The NBC network’s television library consists of rights of varying nature to more than 100,000 episodes of popular television content, including current and classic titles, unscripted programming, sports, news, long-form and short-form programming, and locally produced programming from around the world. In addition, the NBC network operates various websites that extend its brands and content online. The NBC network produces its own programs or acquires the rights to programming from third parties. The Company’s broadcast television production operations develop and produce original content, including scripted and unscripted series and talk shows. The original content is licensed to broadcast networks, cable networks and local broadcast television stations owned by it and third parties, as well as to digital distributors, and is sold in DVD format, both in the United States and internationally.
It consists primarily of the studio operations of Universal Pictures, which produces, acquires, markets and distributes filmed entertainment around the world. It also develops produces and licenses live stage plays and owns various digital media properties that are aligned with its filmed entertainment content. It produces films on its own and jointly with other studios or production companies, as well as with other entities. The Company’s films are produced primarily under the Universal Pictures, Focus Features and Illumination names. Its films are marketed and distributed worldwide primarily through its own marketing and distribution companies. It also acquires distribution rights to films produced by others, which may be limited to particular geographic regions, specific forms of media or certain periods of time. The Company’s content consists of theatrical films, direct-to-video titles and its film library, which is comprised of more than 5,000 titles in a variety of genres. The majority of its produced and acquired films are initially distributed for exhibition in movie theaters. After their release in movie theaters, it sells and licenses its films through various methods. It distributes its films globally by selling them in DVD format to retail stores, rental kiosks and subscription by mail services and by selling electronic copies through digital distributors and video-on-demand services provided by multichannel video providers, including its Cable Communications segment. It also licenses its films, including selections from its film library, to cable, broadcast and premium networks, to digital distributors, and to video-on-demand and pay-per-view services. The volume of its content that is made available through digital distributors is increasing as consumers continue to seek alternative ways to view its content.
It consists primarily of its Universal theme parks in Orlando and Hollywood. Universal Orlando includes two theme parks, Universal Studios Florida and Universal’s Islands of Adventure, as well as CityWalk, a dining, retail and entertainment complex. Universal Orlando also features three on-site themed hotels in which the Company owns a non-controlling interest. Its Universal theme park in Hollywood consists primarily of Universal Studios Hollywood. In addition, it 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 Japan theme park in Osaka, Japan and the Universal Studios Singapore theme park on Sentosa Island, Singapore. It also owns a water park, Wet n Wild, located in Orlando.
The Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks segments comprise the NBCUniversal businesses and are collectively referred to as the NBCUniversal segments.
The Company competes with DIRECTV, DISH Network, AT&T, CenturyLink and Verizon.
One Comcast Center, 1701 JFK Bou
PHILADELPHIA PA 19103-2838
Company Web Links
- UPDATE 2-Justice Dept. staff may oppose Comcast-Time Warner Cable deal-Bloomberg
- Time Warner Cable says no basis for DOJ to block Comcast deal
- Time Warner Cable says no basis for DOJ to block Comcast deal
- AT&T, trade groups mount court challenge to FCC Internet rules
- UPDATE 3-AT&T, trade groups mount court challenge to FCC Internet rules