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NBCUniversal Expects $2.5B In Peacock Revenue, Break-Even By 2024
Executives at NBCUniversal and Comcast took the stage at Studio 8H at Rockefeller Center on Thursday and offered their first financial projections for streaming service Peacock during an investor presentation.
Four years after it launches, first to some Comcast subscribers in April and then nationally by July, the…
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By Dade Hayes
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1 Comments Comment on NBCUniversal Expects $2.5B In Peacock Revenue, Break-Even By 2024
Peacock Investors Day Review: A Lot Of ‘SNL’ Alums, Dick Wolf, & Lessons Learned From Apple, Disney & HBO Max
"With 190 days to go to Tokyo, we can proudly say, let the games begin," declared Mike Tirico today at the Peacock Investors Day in the most streamlined offering from the new additions to the streaming wars so far.
The competition was clearly more than the Summer Games of the XXXII Olympiad, if you know what I mean…
- Breaking
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NBCUniversal Anoints Jeff Shell As CEO, Setting New Year’s Day Start To Tenure
NBCUniversal made it official Monday morning, confirming that Jeff Shell will succeed Steve Burke as CEO of the Comcast-owned entertainment operation.
Shell will take the reins on January 1, 2020, according to a press release, reporting to Burke. After Burke steps down on August 14, 2020, Shell will report directly to…
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By Dade Hayes
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From NBCU To WarnerMedia To Disney, CEO Transitions Are Creating Real-Life ‘Succession’ Dramas
The news that NBCUniversal CEO Steve Burke is planning to exit when his contract expires in 2020 comes at the same time the top job is also open at WarnerMedia. The two transitions atop major media companies — with a third, at Disney, looming in 2021, when CEO Bob Iger insists he will finally step away — punctuate the…
NBCUniversal CEO Steve Burke to Step Down in 2020
Steve Burke will depart as CEO of NBCUniversal next year, sources confirmed to Deadline, after a mostly successful decade operating a major media entity as it was absorbed by the No. 1 U.S. cable operator.
Burke, whose current contract ends in August 2020, had recently been telling close associates that he planned to…
NBCUniversal Chief Steve Burke: Peacock Can Reach “Cruising Altitude” More Quickly Than Subscription Streaming Rivals
With streaming competition gaining intensity, NBCUniversal CEO Steve Burke told Wall Street analysts Thursday how the company plans to make its entrant, Peacock, stand apart from the crowd.
“We’re not doing the same strategy that Netflix and the people chasing Netflix have adopted,” Burke said during Comcast’s…
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By Dade Hayes
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Comcast Boss Brian Roberts’ Pay Rose In 2018; NBCU Chief Steve Burke’s Fell
Comcast CEO Brian Roberts saw his total compensation rise to $35 million in 2018, from $32.5 million in 2017. Steve Burke, head of NBCUniversal, saw his pay package drop to just shy of $40 million, from $45.5 million in 2017.
The figures were released as part of the company’s proxy statement, which also dated the…
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By Dade Hayes
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Comcast CEO Brian Roberts, NBCUniversal Chief Steve Burke Weigh In On Streaming And Hulu Stake
Comcast’s management team laid out some strategic thoughts on streaming, while declining to offer any specifics about their forthcoming streaming launch, during a conference call with Wall Street analysts to discuss first-quarter results.
“Video over the internet is more friend than foe,” CEO Brian Roberts said in…
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By Dade Hayes
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NBCU Chief Steve Burke Says New Streaming Service Could Reclaim ‘The Office’ From Netflix In 2021; Exec Reorg No Threat To Andy Lack
Steve Burke, CEO of NBCUniversal, said the early 2020 launch of an ad-supported streaming service will, among other things, enable the company to take a closer look at bringing key titles like The Office back into its own control.
The sitcom, licensed to Netflix through 2021, has attained a popularity in the streaming…
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By Dade Hayes
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NBCUniversal Entering The Streaming Wars With 2020 Launch Of Bonnie Hammer-Run Service; Mark Lazarus, Jeff Shell Also Get Major Promotions
NBCUniversal will enter the streaming wars with a service launching in early 2020 that will be run by longtime cable chief Bonnie Hammer.
Along with the streaming news, the company set a top-level executive reorganization that gives Mark Lazarus and Jeff Shell significant promotions.
Lazarus will have the title of…
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By Dade Hayes
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NBCU CEO Steve Burke Sends Out Grinch-y Holiday Note To Staff, Hints OTT Platform News May Be Finally Coming
This is not your typical CEO end-of-year letter to employees. Clearly with the boxoffice success of Universal’s Dr. Seuss’ The Grinch on his mind, NBCUniversal’s Steve Burke got into character to recap 2018 and usher in 2019 as the cynical green creature.
In a lighthearted, self-deprecating holiday note to staff (aka…
Megyn Kelly Slams Media For Invading Family’s Privacy; NBCU Boss Steve Burke Needs To “Step In” To Exit Talks, Says Lawyer – Update
Updated with Megyn Kelly tweets: Playing out in the press and social media as much as the conference room, it looks like negotiations over Megyn Kelly's departure from NBC News have taken a bad turn yet again – and the ex-morning show host’s attorney wants the big boys to step in if news boss Andy Lack can’t or won’t…
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