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NEWS
May 5, 2016
ISSUE | COMCAST Virtual reality? Does Comcast really think the shareholders will buy their smokescreen excuse that a "virtual" meeting on May 19 will save the company money on meeting costs at the Kimmel Center ("Comcast shareholders will meet online," April 27)? Comcast made $8.2 billion in profits last year, its top six executives were paid $176 million, it has agreed to acquire DreamWorks Animation for $3.8 billion - and the cable giant is cutting corners? |Vicky Benedict Farber, Narberth
BUSINESS
May 3, 2016
Securities trades recently reported to the Securities and Exchange Commission by officers, directors, and principal shareholders of corporations based or having sizable employment in the Philadelphia area. Titles are as reported to the SEC. Buckeye Partners L.P. Clark C. Smith , chief executive officer, sold 10,000 shares at $71.05 on April 19, and now directly holds 85,476 shares. Comcast Corp. Arthur R. Block , general counsel, sold 1,002 shares at $61.25 on April 21, and now directly holds 44,169 shares.
NEWS
May 2, 2016
Tara Lachapelle is a Bloomberg View columnist Comcast's interest in DreamWorks Animation SKG is about more than just this one acquisition, which at $3.8 billion would appear relatively tiny in comparison to Comcast's $150 billion market value. The broader shift is that the industries now defined as telecommunications, cable television, and entertainment are morphing into one, and there's a slow race in the United States to scoop up the best targets before they're gone. The lines have already blurred thanks to a few mega-mergers, including Comcast's acquisition of NBCUniversal, starting with a 51 percent stake in 2009 and then the rest for $16.7 billion in 2013 when General Electric was ready to exit the venture.
BUSINESS
April 30, 2016 | By Jonathan Takiff, Staff Writer
Even harsh critic Reed Hastings, CEO of Netflix, had something nice to tweet about Comcast after the cable giant announced Wednesday that it will soon raise the data-cap limits now being imposed on some broadband subscribers. In the Southern states (Alabama, Arkansas, Georgia, Kentucky, Louisiana, Mississippi, Tennessee, South Carolina, Virginia, and Florida) where Comcast has been testing a usage cap of 300 gigabytes per month before the customer has to pay overcharges, the ceiling will be lifted June 1 to 1 terabyte (1,000 gigabytes)
NEWS
April 30, 2016 | By Bob Fernandez, Staff Writer
Captain Underpants is joining Comcast. The nation's cable giant agreed to acquire the money-losing studio DreamWorks Animation SKG for $3.8 billion, or $41 a share - a 51 percent premium to DreamWorks' closing share price on Tuesday, before news leaked of the deal. The multibillion-dollar deal for the studio that created the hugely popular Shrek franchise and the animated feature Captain Underpants bolsters Comcast's NBCUniversal unit and deepens its offerings in family entertainment.
BUSINESS
April 29, 2016 | By Bob Fernandez, Staff Writer
Comcast Corp. could leverage such popular characters as Shrek and Kung Fu Panda 's Po for theme parks and boost the cable giant's animated-movie business if it closes on a $3 billion deal for the Hollywood studio DreamWorks Animation SKG Inc., analysts said Wednesday. Comcast's Universal would likely combine DreamWorks' studio with an animation unit at Universal Studios that made such blockbusters as Despicable Me and Minions. DreamWorks has been on a downward spiral, losing $364 million over the last two years.
NEWS
April 28, 2016 | By Bob Fernandez, Staff Writer
ACTIVIST Kati Sipp and Comcast customers won't have a public forum this year to grill Comcast CEO Brian Roberts. Comcast Corp. has scrapped its traditional annual shareholder meeting, the site of protests over the Time Warner Cable deal and other issues, for an Internet-based, "virtual" shareholder meeting. The company, which earned $8.2 billion in profits and paid its top six executives $176 million in 2015, said the online shareholder meeting will save Comcast on meeting costs at the Kimmel Center.
BUSINESS
April 28, 2016 | By Bob Fernandez, Staff Writer
Comcast Corp. is in talks to acquire DreamWorks Animation SKG Inc., which produced the "Shrek" and "Kung Fu Panda" franchises, for more than $3 billion, according to published reports late Tuesday. A deal would boost the Comcast-owned Universal Studios, which had a banner year in 2015 with multiple billion-dollar movie blockbusters, and add to Comcast's stable of content companies. The Philadelphia company acquired the NBCUniversal entertainment and news conglomerate in 2011. The Universal movie studio has been a surprising success of the NBCUniversal deal and now is led by former Comcast executive Jeff Shell.
BUSINESS
April 28, 2016 | By Bob Fernandez, Staff Writer
Activist Kati Sipp and Comcast customers won't have a public forum this year to grill Comcast CEO Brian Roberts. Comcast Corp. has scrapped its traditional annual shareholder meeting, the site of protests over the Time Warner Cable deal and other issues, for an Internet-based, "virtual" shareholder meeting. The company, which earned $8.2 billion in profits and paid its top six executives $176 million in 2015, said the online shareholder meeting will save Comcast on meeting costs at the Kimmel Center.
BUSINESS
April 22, 2016 | By Jonathan Takiff, Staff Writer
Comcast customers annoyed at monthly charges for cable-box rentals may have gotten some good news from an unexpected source Wednesday: Comcast itself. Later this year, Comcast's Xfinity TV programming will be directly tunable on Roku streaming devices (selling for less than $100), as well as Roku software-enabled television sets and 2016 model Samsung Smart TVs, the company said. And that's just the start, suggested Comcast senior vice president Mark Hess. The Xfinity TV Partner Program will "expand the range of retail devices our customers can use to access TV cable service without the need to lease a set-top box," he said.
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