Comcast Corporation (CMCSA) - NASDAQ
  • Tue, May 17, 3:36 PM
    • Comcast Ventures (CMCSA -2.5%), the cable giant's investment vehicle, has led a series B round of funding for AtScale, private developers of a business intelligence platform.
    • It's AtScale's implementation of its multidimensional analysis directly on its Hadoop platform (which can use existing tools like Microsoft Excel, Tableau, SQL or MDX) that reportedly interests Comcast.
    • It's an $11M round; AtScale has drawn $20M in venture capital.
    • AtScale is joining a rapidly growing portfolio at Comcast Ventures, including Next VR, Vox Media, and a number of smaller firms.
    • Now read Comcast Corporation - Positive Performance Despite Structural Headwinds »
    | Tue, May 17, 3:36 PM
  • Mon, May 16, 2:38 PM
    • Following on a fall full of speculation that Comcast (CMCSA +0.9%) was ready to get into wireless service, CEO Brian Roberts says today at INTX that the company has a lot of options to get into competition with America's big four.
    • That might not include a straightforward fifth-carrier setup. The company has filed to bid on wireless spectrum, and in October it confirmed it was exercising a clause from a 2012 deal that let it resell Verizon service, as an MVNO.
    • So a likely option is that it combines a big network of Wi-Fi hot spots with its ability to resell service on Verizon's network. "What I would report to you is I think we have more hot spots than any company with Xfinity Wi-Fi, and we've found it to be a fantastic way to get your content. It works better on Wi-Fi," Roberts says.
    • Now read How NBC Is Positioning Itself For The New Fall Season »
    | Mon, May 16, 2:38 PM
  • Wed, May 11, 4:57 PM
    • Comcast Corporation (NASDAQ:CMCSA) declares $0.275/share quarterly dividend, in line with previous.
    • Forward yield 1.77%
    • Payable July 27; for shareholders of record July 6; ex-div July 1.
    | Wed, May 11, 4:57 PM
  • Tue, May 10, 1:35 PM
    • If it seems like NBCUniversal (CMCSA +1.6%) moved quickly from rumor to inked deal on its scquisition of DreamWorks Animation (DWA +0.3%), it's because there really was a race, against yet another Chinese investor in U.S. entertainment.
    • PAG Asia Capital was the mystery bidder for the studio, The Wall Street Journal reports. But Comcast's premium won the day.
    • Comcast agreed to pay $3.8B for DreamWorks Animation, or $41/share in cash. DWA has since traded up to $40/share.
    • PAG has $15B under management and last month agreed to go in with Apex Technology on a purchase of Lexmark. Meanwhile, over the past year Chinese firms have bought into U.S. theatrical exhibitions and film studios as well as kicking the tires on a minority stake in Paramount Pictures.
    • Now read Merger Arbitrage Opportunity: Comcast To Buy DreamWorks »
    | Tue, May 10, 1:35 PM | 5 Comments
  • Mon, May 9, 3:45 PM
    • Captain America: Civil War met some already strong expectations in its U.S. debut, providing some good news for Disney (NYSE:DIS) ahead of its earnings tomorrow.
    • The superhero sequel (actually the first film of "Phase 3" in what has been a 20-film plan for the Marvel Cinematic Universe) opened with $181.8M, the fifth-biggest domestic opening ever, soaking up almost all the domestic box office dollars -- and Disney got much of the rest, as the No. 2 film was The Jungle Book, with $21.9M.
    • Those two finished ahead of Open Road's Mother's Day ($9M), The Huntsman: Winter's War (CMCSA, $3.6M) and Keanu (TWX, $3.1M).
    • Civil War had opened overseas before its U.S. launch, and so with its additional weekend added in to the strong domestic opening, the film has already made $675.8M worldwide.
    • It helped Disney become the fastest studio ever to cross the $1B box-office mark on the calendar. Whereas 2015 was Universal's year to lose by this point, 2016 is turning out to be the Year of the Mouse so far.
    • Now read Disney Vs. DreamWorks Showdown »
    | Mon, May 9, 3:45 PM | 36 Comments
  • Mon, May 9, 8:01 AM
    • Comcast (NASDAQ:CMCSA) snapped up digital TV ad specialist StickyAds.tv for an undisclosed amount, according to Recode.
    • Sources indicate that the French startup will be placed into the company's FreeWheel unit.
    | Mon, May 9, 8:01 AM
  • Thu, May 5, 6:00 PM
    • Fresh from this week's news that it's being acquired by Comcast (NASDAQ:CMCSA), DreamWorks Animation (NASDAQ:DWA) beat on top and bottom lines in Q1 earnings on the strength of consumer products, and TV and new media (both of which tripled revenues).
    • Shares are relatively unchanged and have been hovering at a small discount (today's closing price: $39.78) to Comcast's $41/share price.
    • Feature films faced a tougher comp due to the Q1 2015 pay TV distribution of How to Train Your Dragon 2 and Mr. Peabody and Sherman along with higher home entertainment sales. Kung Fu Panda 3, released domestically Jan. 29, has contributed $30.9M in feature film revenue this quarter; Home contributed $18.3M in revenue.
    • Revenues by segment: Feature films, $94.3M (down 26.7%); Television Series and Specials, $56.99M (up 214%); Consumer products, $21.4M (up 49.1%); New media, $15.2M (up 232%).
    • Conference call link
    • Press Release
    | Thu, May 5, 6:00 PM
  • Wed, May 4, 11:27 AM
    • In its Newfronts presentation, Hulu confirmed its intentions to start streaming live feeds of broadcast and cable networks by early next year, a departure from its on-demand present.
    • CEO Mike Hopkins says the plan is to create a "deeply personalized experience" that merges linear TV and on-demand video. “This means our viewers will be able to enjoy live sports, news and events…in real time without a traditional cable or satellite subscription."
    • That also means more investment in original programming, a hot market where it's competing with Amazon.com and Netflix, not to mention a large variety of broadcast and cable channels for viewer attention.
    • Hulu -- co-owned by Disney (DIS +0.2%), Comcast (CMCSA +0.4%) and Fox (FOX +0.7%, FOXA +0.7%) -- said it will hit 12M subscribers by the end of the month (vs. Netflix's March total of 47M) after growing its U.S. base 33% over the past year.
    • Now read Disney: Who Says This Old Mouse Can't Learn New Tricks »
    | Wed, May 4, 11:27 AM | 13 Comments
  • Mon, May 2, 2:45 PM
    • Everything's coming up Disney (DIS +1.1%) at the spring box office: The Jungle Book continues to be the juggernaut at home, while Captain America: Civil War started a Marvel-ous rumbling overseas.
    • The Jungle Book lost just 31% from last week to draw $42.4M and bring its three-week cumulative domestic total to $252.1M. It's also made another $434.8M overseas to hit a total of just under $687M.
    • That was more than enough to top its closest challenger, Key and Peele newcomer Keanu (TWX +0.3%), which grossed $9.5M in 2,658 theaters. Another debut, Open Road's seasonal fare Mother's Day, took $8.3M to slot in fourth behind The Huntsman: Winter's War (CMCSA +1%), falling 52% in its second week to take $9.4M.
    • A weak opening came for videogame-focused Ratchet & Clank (NASDAQ:CMCSA), which drew just $4.8M in its first week.
    • Meanwhile, Avengers-focused Captain America: Civil War is setting up for a huge U.S. opening this coming weekend (May 6) after grossing about $200M in global openings, the 14th-best foreign debut ever. Last year, Avengers: Age of Ultron opened to $201M overseas, en route to an eventual worldwide total of $1.41B.
    • Now read On Disney And Cost Efficiency: Maybe Robert Downey Jr. Should No Longer Portray 'Iron Man' »
    | Mon, May 2, 2:45 PM | 10 Comments
  • Mon, May 2, 4:49 AM
    • Hulu is developing a subscription service that would stream feeds of popular broadcast and cable TV channels, WSJ reports, in a move that would make the company a competitor to traditional pay-TV providers and other new digital entrants.
    • Until now, Hulu has offered on-demand programming from major networks, similar to Netflix.
    • The company, co-owned by Disney (NYSE:DIS), Comcast (NASDAQ:CMCSA) and Fox (FOX, FOXA) hopes to launch the new online service in the first quarter of 2017.
    | Mon, May 2, 4:49 AM | 16 Comments
  • Fri, Apr. 29, 10:57 AM
    • Snapchat (Private:CHAT) has a first-of-its-kind deal with NBC (CMCSA -1.1%) to show highlights from this year's Summer Olympics -- the first time that the Peacock Network has allowed Olympic video elsewhere.
    • The app (and increasingly, news) company will establish a dedicated Discover channel for the Rio competition -- to which NBC again has the U.S. rights -- and BuzzFeed will curate it with (non-exclusive) clips and behind-the-scenes video. The deal is only in the U.S., and Snapchat isn't paying for access, but the two companies will share ad revenue.
    • NBC is also trying to get similar deals with Facebook and Twitter, NBC Olympics President Gary Zenkel says, though still in clip form and not live-streamed.
    • It's a youth-audience grab for NBC, whose parent Comcast has been investing in BuzzFeed (most recently a $200M round that spurred ideas for an Olympics deal).
    • Now read Snapchat Causes Facebook To Crack »
    | Fri, Apr. 29, 10:57 AM
  • Thu, Apr. 28, 10:00 AM
    • DreamWorks Animation (NASDAQ:DWA) has resumed trading up 24.2% -- hitting its highest level since 2010 -- after a halt tied to its $3.8B acquisition deal with NBCUniversal.
    • NBCU parent Comcast (NASDAQ:CMCSA) is off 0.4% after making the very Disney-like move. Speculation yesterday had turned to Comcast's interest in DWA focusing on what it could do for theme parks and consumer products rather than the film slate itself.
    • DreamWorks Animation will join Universal Pictures, Fandango, and NBCU Brand Development in Comcast's Universal Filmed Entertainment Group.
    • Comcast notes it gets a broader reach toward a "host of new audiences in the highly competitive kids and family entertainment space," with properties including Shrek, Madagascar, Kung Fu Panda and How to Train Your Dragon, as well as a family-oriented TV operation and a library of classic characters including Where's Waldo and Rudolph the Red-Nosed Reindeer.
    • Previously: DreamWorks Animation jumps 18% on $3B Comcast M&A reports (Apr. 27 2016)
    • Previously: WSJ: Comcast in talks for $3B-plus acquisition of DreamWorks Animation (Apr. 26 2016)
    | Thu, Apr. 28, 10:00 AM | 4 Comments
  • Thu, Apr. 28, 9:14 AM
    • Coming quickly after the early reports, NBCUniversal (NASDAQ:CMCSA) is acquiring DreamWorks Animation (NASDAQ:DWA) for $41/share in cash, a 27% premium over yesterday's already boosted DWA price of $32.20.
    • That comes to $3.8B total. Shares in DWA were up 0.6% premarket and are currently halted. They'll resume trading at 9:50 a.m. ET.
    • DreamWorks Animation will become part of Universal Pictures' Filmed Entertainment Group in the deal, which has been approved by both companies' boards as well as the controlling shareholder at DWA.
    • After closing, DWA CEO and co-founder Jeffrey Katzenberg will become chairman of DreamWorks New Media (AwesomenessTV and NOVA) and act as consultant to NBCUniversal.
    • The transaction is expected to close by the end of the year.
    • Previously: Comcast focus in any DreamWorks Animation talks: Parks, products (Apr. 27 2016)
    | Thu, Apr. 28, 9:14 AM | 6 Comments
  • Wed, Apr. 27, 6:58 PM
    • Acquisition talks between suitor Comcast (NASDAQ:CMCSA) and target DreamWorks Animation (NASDAQ:DWA) may not be so much about the on-screen panda as the parks and products.
    • Sources tell The Wall Street Journal that discussions for a potential $3B-plus purchase of the studio by Comcast is about everything but the movies -- a chance to help feed consumer products and the Universal theme parks.
    • DreamWorks Animation jumped 18.7% today to an easy new 52-week high off last night's reports, ending the day around a $2.78B market cap. Comcast, meanwhile, was up 0.4% following its earnings beat today.
    • Also, while his fate was undetermined in earlier reports, DreamWorks chief Jeffrey Katzenberg would depart in the event of a consummated transaction, the people said. That suggests that contrary to early reports, DWA wouldn't survive in its current form but might be broken up and subsumed inside the Comcast units.
    • A sale would also likely mean cutbacks in DWA's slate and spending plans.
    • Previously: DreamWorks Animation jumps 18% on $3B Comcast M&A reports (Apr. 27 2016)
    • Now read DreamWorks Animation »
    | Wed, Apr. 27, 6:58 PM | 8 Comments
  • Wed, Apr. 27, 11:07 AM
    • Comcast (NASDAQ:CMCSA) has given up early gains and is back down 0.4% along with the market, after posting Q1 results that beat expectations solidly as it added customers across the board in a tough market.
    • Gains in cable customers and the company's cable networks along with stronger theme park performance made up for a big drop in its broadcast operations and a decline in films (tough comp against a great start to 2015 from that division).
    • Adjusted EPS grew 6.3% and free cash flow was $2.8B.
    • Revenue by segment: Cable Communications, $12.2B (up 6.7%); Cable Networks, $2.45B (up 4%); Broadcast Television, $2.08B (down 7.3%); Filmed Entertainment, $1.38B (down 4.4%); Theme Parks, $1.02B (up 9.7%).
    • Bucking industry trends, it added a net 53,000 video customers. Net adds in high-speed Internet were 438,000 and voice customers showed net adds of 102,000.
    • Overall customer relationships were up a net 269,000. In bundling: single product customers were up 45,000; double-play customers up 125,000; and triple-play up 99,000. The company's pointing to customer service investments as key to retention.
    • Press Release
    | Wed, Apr. 27, 11:07 AM
  • Wed, Apr. 27, 10:04 AM
    • DreamWorks Animation (NASDAQ:DWA) is up 18.3% after last night's news that Comcast (NASDAQ:CMCSA) was kicking tires on a possible $3B-plus acquisition of the studio.
    • Comcast didn't respond to questions on today's earnings call about the reports.
    • The move could add significantly to Comcast's stable of family-friendly offerings, making it a bigger rival to Disney. Its Universal Pictures studio already runs Illumination Entertainment, which makes the Despicable Me movies (including Minions, a runaway spinoff hit last year that grossed a whopping $1.16B worldwide).
    • And its entertainment products are fueling a growing theme park business, boosted most recently with the Hollywood opening of a Harry Potter attraction.
    • A source told the WSJ that in any acquisition, Illumination and DreamWorks Animation would stay separate brands, which could affect the fate of DWA head Jeffrey Katzenberg, a longtime studio exec (and who controls about 60% of DWA voting stock). He's due $21.9M if the company's sold and he leaves.
    • Now read Why Dreamworks Should Never Make An R-Rated Movie »
    | Wed, Apr. 27, 10:04 AM | 6 Comments
Company Description
Comcast Corp. is a media, entertainment and communications company. The company provides video, high-speed Internet and phone services to residential and business customers in the United States. The company operates its business through five reportable segments: Cable Communications, Cable... More
Sector: Services
Industry: CATV Systems
Country: United States