Comcast

WarnerMedia, Comcast Strike New Cable Carriage Deal

WarnerMedia, Comcast Strike New Cable Carriage Deal

BY ALEX WEPRIN | HollywoodReporter.ComTroy Warren for CNT #BusinessA source says that WarnerMedia also recently renewed TV carriage deal with Altice.WarnerMedia and Comcast have come to terms on a new carriage deal, keeping WarnerMedia’s channels on Comcast cable systems for years to come. The deal covers TBS, TNT, CNN, Cartoon Network, TruTV, TCM and the other WarnerMedia channels, but it also includes CNN+, the upcoming streaming service.Comcast “plans to make CNN+ available to its Xfinity customers via its Xfinity X1, Xfinity Flex, and XClass TV platforms later in 2022,” the companies said Monday. The app will be available as an…
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Sky CEO: Companies That Don’t Embrace Diversity “Are Just Going to Fall Away”

Sky CEO: Companies That Don’t Embrace Diversity “Are Just Going to Fall Away”

BY GEORG SZALAI | HollywoodReporter.Com Troy Warren for CNT #Business At the Royal Television Society Cambridge Convention, Dana Strong also addressed the Comcast company's European expansion plans, content business ambitions and deal mentality. Comcast’s European TV giant Sky is looking to expand across continental Europe in the coming years, boost its content creation business and increase diversity, CEO Dana Strong said on Wednesday. “There is no doubt that we can all do better” on diversity, she said. “We have got to keep making progress. I feel really passionately about it actually. Creating an environment and a culture where multiple, different voices,…
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NBCUniversal’s Quarterly Earnings Rise 13 Percent as Theme Parks Return to Profit

NBCUniversal’s Quarterly Earnings Rise 13 Percent as Theme Parks Return to Profit

BY GEORG SZALAI | HollywoodReporter.Com Troy Warren for CNT Comcast reported its second-quarter results, including for its entertainment unit and European pay TV arm Sky. NBCUniversal’s second-quarter adjusted earnings rose nearly 13 percent, helped by a return of the entertainment unit’s theme parks business to profitability after a year-ago loss due to the coronavirus pandemic, parent company Comcast said on Thursday. The media, entertainment and technology conglomerate said the increase came despite a $363 million loss related to streaming service Peacock in the latest period. Comcast didn’t immediately provide a user update for Peacock. It had in its previous financial update in late April mentioned…
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Supreme Court Won’t Stop Antitrust Trial for Comcast

Supreme Court Won’t Stop Antitrust Trial for Comcast

BY ERIQ GARDNER | HollywoodReporter.Com Troy Warren for CNT The high court won't take up Viamedia's suit on the advertising front after Biden's Justice Dept. recommended against review. Comcast’s hopes of avoiding an antitrust trial with Viamedia were dashed on Monday when Supreme Court rejected the cable giant’s petition for review. Viamedia is suing Comcast for monopolizing local TV ad sales. The plaintiff alleges that Comcast is using its control of “interconnects” — local cooperatives serving pay-TV providers — to pressure ad clients from being represented by Viamedia. The five-year-old case was revived in Feb. 2020 by the 7th Circuit. The key legal issue in…
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