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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.
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.
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
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.
BUSINESS
April 19, 2016 | By Joseph N. DiStefano, Staff Writer
It was supposed to be open by now: The second-largest construction project in Pennsylvania state history is State Correctional Institutions Phoenix, rising on former farmland next to the 87-year-old SCI Graterford prison in Montgomery County. Only the $800 million Convention Center in Philadelphia cost taxpayers more. Phoenix is a million-square-foot complex, about as big as the Comcast Center, the state's tallest office tower. It is designed to house 3,872 inmates, a few hundred more than now live at Graterford, the main state prison for the Philadelphia area.
BUSINESS
April 13, 2016 | By Bob Fernandez, Staff Writer
As his own father, Ralph Roberts, aged into his 80s and 90s, Comcast Corp. chief executive Brian Roberts said, he found that he and Flyers owner Ed Snider regularly grabbed lunch around town - the Capital Grille on Chestnut, Table 31 in the Comcast Center, and, more recently, the Union League on Broad. They'd talk sports, media, and life. Roberts, who heads the city's largest publicly traded company, said he trusted Snider as a mentor. "I came to realize his genius," Roberts said.
BUSINESS
April 10, 2016 | By Bob Fernandez, Staff Writer
Comcast's new chief financial officer, Mike Cavanagh, knocked it out of the ballpark with compensation in 2015 of $40.6 million. He officially began his job as CFO on July 1. A former New York banking executive, Cavanagh earned more than Comcast chief executive Brian Roberts, who was compensated $36.2 million, and NBCUniversal CEO Steve Burke, with $33.7 million, according to the cable giant's regulatory filing, made Friday. Based on its national rankings, Bloomberg News said Cavanagh was the best-paid chief financial officer in the United States.
BUSINESS
April 7, 2016 | By Bob Fernandez, Staff Writer
Growing up in Marietta, Ga., Keesha Boyd watched A Different World - a late 1980s spin-off of The Cosby Show - with her mother on Thursday nights and imagined herself through the black cast of young men and women. She connected with Kim, played by actress Charnele Brown, as a kindred soul. "She was your type-A and studied a lot and was focused on being a premed student," Boyd said. "When you can see something, you can believe it's possible. " Last month, Boyd's vision for giving black viewers a black-centric TV service - about 2,000 hours of curated TV shows and movies with black casts, directors, and themes - launched on Comcast's Xfinity on-demand platform.
BUSINESS
April 6, 2016 | By Bob Fernandez, Staff Writer
Former Comcast Corp. CFO Michael Angelakis, now running a $4 billion Comcast-backed investment fund, made his first big bet Monday with a $250 million investment in battered online-deals site Groupon. Angelakis will join the Groupon board as part of the transaction, Groupon said. Angelakis, Comcast's former chief financial officer and vice chairman, launched Atairos earlier this year, with offices in New York and Bryn Mawr. Comcast has agreed to fund Atairos with $4 billion. Atairos will be purchasing $250 million in senior notes that are due in 2022 and can initially be converted into Groupon shares at $5.40 a share, Groupon said Monday.
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