Comcast Corporation (CMCSA) - NASDAQ
  • Yesterday, 12:14 PM
    • Star Trek Beyond topped the box office, providing a nice score for Paramount (VIA +0.5%, VIAB) in a week where five films shared a weekend take that was up 29% Y/Y.
    • The latest Star Trek film showed a decline from the last entry (Star Trek Into Darkness) but logged $59.6M for a easy first place, outgrossing the $29.3M The Secret Life of Pets (CMCSA, in its third week) and the $21.6M scared up by Ghostbusters (SNE -2%).
    • Two other debuts hit the $20M mark: Horror-thriller Lights Out (TWX +0.3%) drew $21.6M, and Ice Age: Collision Course (FOX -0.4%, FOXA -0.3%) a worse-than-expected $21M.
    • The Secret Life of Pets fell off 42% but brought its cumulative take to over $260M. Meanwhile, Finding Dory (DIS -0.2%) was sixth with $7.2M over the weekend, but brought its six-week take to $460.2M.
    | Yesterday, 12:14 PM | 4 Comments
  • Thu, Jul. 14, 3:38 PM
    • The FCC voted unanimously today to open up four bands of frequencies above 24 GHz for 5G wireless service, setting the stage for exploiting next-generation technologies for mobile transmission.
    • That's nearly 11 GHz of spectrum (3.85 GHz in licensed bands at 28 GHz, 37 GHz and 39 GHz, and 7 GHz in an unlicensed band between 64 GHz and 71 GHz).
    • The agency says companies will be able to exploit the spectrum for "fiber-fast" capabilities, up to 100 times faster than current 4G networks.
    • In addition, the agency pledged to push for opening up more millimeter wave bands as quickly as it can, via a Further Notice of Proposed Rulemaking that looks to apply today's rules to another 18 GHz of spectrum (in eight additional high-frequency bands)
    • In related stocks: (T +0.5%); (VZ -0.2%); (TMUS -0.5%); (S +1.9%); (DISH +1%); (CMCSA +0.4%); (STRP +5.7%); (GSAT -1.2%)
    | Thu, Jul. 14, 3:38 PM | 38 Comments
  • Wed, Jul. 13, 6:43 PM
    • Level 3 Communications (NYSE:LVLT) closed today up 3.5% after touching a 52-week high on news that it's looking into strategic alternatives -- which could include a buyer from outside telecom.
    • Comcast (NASDAQ:CMCSA) is speculated to be a possibility among suitors, but so is Google (GOOG, GOOGL), with whom Level 3 signed an interconnection agreement earlier this year.
    • Citigroup analysts Michael Rollins and Neth Wiedemann can't confirm the reports, but they love the stock ("top pick within our coverage group given its growth, financial flexibility, valuation, and strategic optionality") and float another candidate: rival Zayo Group (NYSE:ZAYO).
    • Zayo could itself be an attractive target for a cableco, but "We also would not dismiss the possibility that Level 3 and Zayo could consider a merger scenario to become a larger competitor for the enterprise market against the incumbents AT&T and Verizon Communications."
    | Wed, Jul. 13, 6:43 PM | 22 Comments
  • Tue, Jul. 5, 12:38 PM
    • Kara Swisher reports Comcast (CMCSA -0.7%) will let viewers stream Netflix (NFLX +1.4%) on its own interactive X1 platform.
    • Sources say the deal will be similar to arrangements Netflix has with smaller cable operators in this country and larger ones elsewhere that allow it (for a price) access to a large group of potential customers.
    • For Comcast, it will have an offering more competitive with those from Roku, Verizon, and Dish which already have apps from services like Netflix and Hulu.
    | Tue, Jul. 5, 12:38 PM | 18 Comments
  • Thu, Jun. 30, 4:02 PM
    • NBCUniversal (CMCSA +1.9%) says it's planning to stream a full 85 hours of virtual-reality coverage of the Olympics this summer, including opening and closing ceremonies and popular sports including gymnastics, men's basketball and track and field, among others.
    • The coverage will be streamed to authenticated users who have Samsung equipment (Galaxy phones and Gear VR headsets), via time delay.
    • "VR technology carries incredible potential for the sport broadcast industry, offering a truly immersive user experience," said Yiannis Exarchos, CEO of NBC partner Olympic Broadcasting Service.
    • Overall, the company plans almost 6,000 hours of combined coverage to push the advanced capabilities of its X1 set-top box, including interactive features.
    | Thu, Jun. 30, 4:02 PM
  • Mon, Jun. 27, 1:10 PM
    • Cruising through today's selloff is Comcast (CMCSA +1%), helped by a boost in the price target from Nomura's Anthony DiClemente - to $73 from $70 while reiterating his Buy rating (current price is $62.42). "Comcast’s stability and recurring revenue and earnings base provides for an attractive investment.”
    • He expects the company to continue to beat expectations for video subscriber additions, in part thanks to the rollout of its "X1" interactive services.
    • "We are confident in our above-consensus estimate for Video subscriber net additions in the quarter of -38k versus the Street at -46k."
    | Mon, Jun. 27, 1:10 PM | 3 Comments
  • Thu, Jun. 23, 1:52 PM
    • Comcast (CMCSA +0.4%) has agreed to acquire Icontrol Networks, the company providing the technology behind Comcast's Xfinity Home System.
    • Icontrol -- whose software enables home automation and management of such devices as sensors and thermostats -- raised $93.5M from venture capital firms that included Comcast Ventures as well as Intel Capital and Kleiner Perkins Caufield & Byers.
    • Alarm.com (ALRM +11.6%) is taking over the other elements of Icontrol's business, for about $140M.
    • Terms of the deal weren't disclosed.
    | Thu, Jun. 23, 1:52 PM | 2 Comments
  • Tue, May 24, 7:55 PM
    • Making good on CEO Les Moonves' upbeat projections, CBS (CBS +1.8%) is wrapping up a stellar run on top of the ratings, logging its eighth straight year as the most-watched network overall as well as grabbing demographic coups.
    • It was also the network's 13th overall ratings win in 14 years (Fox (FOX +1.4%, FOXA +1.4%) stole a year in 2007-08 during the writer's strike).
    • With just a few nights left to count, CBS has won adults 18-49 for just the second time in 24 years, with the help of Super Bowl (which helped the last time it did so, three years ago). It's also No. 1 in adults 25-54 for the ninth time in 13 years.
    • Meanwhile, NBC (CMCSA +1%) had the best first-year class, with new drama hits Blindspot and Chicago Med, and had its most-watched season without a Super Bowl or Olympics in nine years. It would have virtually tied CBS in adults 18-49 if not for the Super Bowl.
    • ABC (DIS +0.3%) saw its ratings decline 14% this year, and decline 18% among adults 18-49.
    • Among the big broadcasters in total, though, viewership declined 7% to another record low amid even greater program variety from newer programming/digital entrants.
    | Tue, May 24, 7:55 PM | 2 Comments
  • 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
  • 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
  • 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, 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
  • Mon, Apr. 18, 2:43 PM
    • Disney (NYSE:DIS) stock is still riding high today, +3%, after a triumph at the weekend box office with a reimagining of The Jungle Book.
    • The film crested $103M to easy surpass another debut, Barbershop: The Next Cut (TWX +1.1%), which took the No. 2 spot with $20.2M.
    • The Jungle Book (which opened slightly ahead overseas) added $189.9M in a foreign take to make an impressive worldwide total of $293.5M.
    • Earlier, Pivotal Research upgraded Disney to Buy and gave a 17% boost to its price target for the stock.
    • The success of Warner's Batman v Superman: Dawn of Justice is still front-loaded, as that film fell off another 61% in its fourth week to $9M and the No. 4 spot. It's earned $311.3M domestically and $829.3M worldwide, however.
    • As for Universal (CMCSA +1%), a heavily watched studio after its dominant 2015, The Boss slid 57% in its second week to finish third with $10.2M. It's a big drop for a Melissa McCarthy film, but for a film that's been plagued by poor reviews.
    • Now read Debugging The Disney Misconceptions »
    | Mon, Apr. 18, 2:43 PM | 40 Comments
  • Thu, Apr. 7, 2:58 PM
    • Yahoo (NASDAQ:YHOO) shares have jumped into positive ground, now up 1.2%, on news that Verizon (NYSE:VZ) is proceeding with a bid for its core assets.
    • Shares were down as much as 2.6% today.
    • Alphabet unit Google (GOOG, GOOGL) is also weighing its own bid, Bloomberg reports, with interest also showing up from Bain Capital and TPG. Time Inc. (NYSE:TIME) is still out there as well.
    • AT&T (NYSE:T) and Comcast (NASDAQ:CMCSA) are losing interest, Bloomberg also said, with Microsoft (NASDAQ:MSFT) also deciding it wouldn't bid.
    • Verizon might also put in for Yahoo's Japan interests, the report said.
    • Updated 3:06 p.m.: After a big spike into positive ground, Yahoo shares have gone negative again, -0.1%. Verizon is said to value the core business at less than $8B, vs. Yahoo's hopes for a $10B valuation, and has engaged three banks.
    • Now read Yahoo Should Be At Least $48 A Share »
    | Thu, Apr. 7, 2:58 PM | 30 Comments
  • Tue, Apr. 5, 3:29 PM
    • Comcast (CMCSA -0.3%) has set a licensing deal with Walt Disney (DIS -1.7%) that will make both library content and new titles available for purchase by Xfinity TV users.
    • The deal covers a wide swath of Disney content, including its eponymous label, Walt Disney Animation Studios (makers of Zootopia), Pixar, Marvel, Lucasfilm, Disneynature and Touchstone Pictures.
    • It's launching with immediate availability of blockbuster Star Wars: The Force Awakens (in standard and high definitions), and the coming weeks will see the offering fill out with classics as well as new Disney releases.
    • Comcast also joins as a participating retailer in Disney Movies Anywhere, a cloud-based "locker" that allows Disney customers to access purchased content across a variety of devices and platforms.
    • Now read Disney's Planned Movie And Theme Park Segments Will Boost Shareholder Returns »
    | Tue, Apr. 5, 3:29 PM | 4 Comments
  • Mon, Mar. 28, 5:09 PM
    • It was a tale of two fortunes at the box office over a U.S. holiday weekend, with Warner Bros. reaping the benefits of a long-awaited superhero launch.
    • Time Warner (NYSE:TWX) rose 3.6% today as a critically panned Batman v Superman: Dawn of Justice still rolled to a $166.1M domestic gross and more than $424M globally. That's almost Warner's biggest domestic opening -- final numbers put it just behind Harry Potter and the Deathly Hallows Part 2 -- and the biggest domestic opening weekend ever in March (passing The Hunger Games' $152.5M).
    • The film's having no trouble selling tickets despite negative reviews: Aggregator Rotten Tomatoes still has the film about 29% positive reaction, and it's drawn an (audience-based) CinemaScore of a flat B -- with a B-minus coming form the males that are making up 62% of the film's clientele.
    • Meanwhile, Hunger Games studio Lions Gate Entertainment (LGF +1.6%) rose today despite a serious drop-off in receipts for its The Divergent Series: Allegiant, which drew just $9.5M in its second week ($46.6M cumulative). The film's proving a letdown, and there's still another sequel in that series, Ascendant, yet to come in summer 2017.
    • Behind the dueling heroes, Zootopia (DIS +0.9%) took second with $23.1M, bringing its domestic total to $240.5M, and a counterprogrammed My Big Fat Greek Wedding 2 (CMCSA +0.1%) logged $18.1M for the No. 3 spot.
    • Previously: IMAX scores big from Batman vs. Superman opening (Mar. 28 2016)
    • Previously: 'Batman v Superman' nails box office record (Mar. 28 2016)
    | Mon, Mar. 28, 5:09 PM | 4 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