Latest in Comcast

Hulu may want to start work on a sequel to its 2021 documentary The Housewife and the Hustler about Real Housewives of Beverly Hills star Erika Jayne and her estranged husband Tom Girardi. As allegations of ripping off clients for millions have swarmed around now disbarred lawyer Girardi for almost…

NBCUniversal CEO Jeff Shell said the company is always eyeing possible deals to bolster its business, citing the $3.8 billion acquisition of DreamWorks Animation in 2016 and Universal's partnership with Blumhouse Productions. Shell jumped in Thursday after Comcast president Mike Cavanagh noted new…

NBCUniversal CEO Jeff Shell said execs at the company and parent Comcast are “more confident” than they were a year or two ago that investments in streaming service Peacock will soon yield profits. How soon remains a bit unclear, however. Related Story Peacock Clears 20M Subscribers, Help…

Streaming service Peacock closed 2022 with more than 20 million paid subscribers, helping Comcast slip past Wall Street estimates during a challenging fourth quarter in the media business. Total revenue came in at $30.55 billion in the period, less than 1% ahead of the prior-year quarter but just…

NBCUniversal is experiencing scattered layoffs in select divisions as the belt-tightening outlined in 2022 starts to take effect. Insiders disputed early accounts of the reductions being widespread and amounting to hundreds of positions. Instead, the tally is more in the dozens and does not involve…

Comcast has upped its Deputy Chief Financial Officer Jason Armstrong to the CFO post, succeeding Mike Cavanagh, who was named president of the NBCUniversal parent last October. Armstrong has served in several financial leadership positions over the past nine year. "Jason is ideally suited to be…

EXCLUSIVE: Comcast is unveiling “Free This Week," a new year-round program giving subscribers to the Xfinity X1 pay-TV bundle and Flex streaming package a more regular sampling of no-charge streaming and premium network programming. The new offering replaces the annual Watchathon Week, which had been…

Comcast has disclosed contract terms for Michael Cavanagh, a longtime exec who was promoted to president last October. The agreement will keep Cavanagh in the fold through December 31, 2027 (a fairly routine 5-year term), at an annual base salary of $2.5 million, which takes effect on March 1…

NBCUniversal CEO Jeff Shell said Peacock has more than 18 million paid subscribers as of today, a nice bump from the 15 million it announced for the quarter ended Sept. 30, driven by programming migrated from Hulu, sports and Universal movies. He threw down the gauntlet to a Disney company currently…

Charter and Comcast have named their streaming joint venture Xumo, expanding the scope of the free, ad-supported platform Comcast acquired in 2020. The companies also said Flex, the 4K streaming device licensed by Comcast to the joint venture will become Xumo Stream Box and XClass TV will become Xumo…

At 15 million paid subscribers, Peacock isn’t on the same level as other streaming services, but NBCUniversal CEO Jeff Shell says that’s no accident. “Our long-term aspiration for Peacock is to balance out our overall media business,” Shell said during NBCU parent Comcast’s third-quarter earnings…

Comcast narrowly beat Wall Street estimates in the third quarter despite volatility in the UK and Europe, tough comparisons with the year-ago Tokyo Olympics quarter and ongoing cord-cutting. Earnings per share came in at 96 cents, six cents better than analysts’ consensus estimate and 10% ahead of…