Comcast
Comcast Corporation (simply known as Comcast, and formerly known as American Cable Systems and Comcast Holdings),[note 1] incorporated and headquartered in Philadelphia, is an American multinational telecommunications and media conglomerate.[8] The corporation is the second-largest broadcasting and cable television company in the world by revenue (behind AT&T). It is the third-largest pay-TV company, the second-largest cable TV company by subscribers, and the largest home Internet service provider in the United States. In 2023, the company was ranked 51st in the Forbes Global 2000.[9] Comcast is additionally the nation's third-largest home telephone service provider. It provides services to U.S. residential and commercial customers in 40 states and the District of Columbia.[10] As the owner of the international media company NBCUniversal since 2011, Comcast is also a high-volume producer of feature films for theatrical exhibition and television programming, and a theme park operator. It is the world's third-largest telecommunications company by revenue.
This article is about the media conglomerate. For the internet service provider previously branded as Comcast, see Xfinity.Comcast
- American Cable Systems
(1963–1968) - Comcast Holdings
(1968–2000)
- Nasdaq: CMCSA (Class A)
- Nasdaq-100 component
- S&P 100 component
- S&P 500 component
June 28, 1963
Tupelo, Mississippi, U.S.
Worldwide
US$121.6 billion (2023)
US$23.31 billion (2023)
US$15.11 billion (2023)
US$264.8 billion (2023)
US$83.23 billion (2023)
Brian L. Roberts (1% equity interest, 33% voting power)
186,000 (2023)
- Midco (49%)
- NBCUniversal
- Sky Group
Universal Pictures is founded
NBC is founded
Universal Cartoon Studios (later known as Universal Animation Studios) is founded
MCA Inc. establishes Revue Studios (later Universal Television)
NBC begins first compatible color broadcasts, preceding other networks by nine years
NBC's first peacock logo debuts
American Cable Systems is founded
NBC broadcasts the first Super Bowl
American Cable Systems rebrands to Comcast
Comcast began trading on the New York Stock Exchange (NYSE)
Universal releases Jaws
PolyGram renames Casablanca Record & Filmworks to PolyGram Pictures
Universal releases E.T. The Extra Terrestrial
Walter Lantz Productions is sold to Universal
Universal releases Back to the Future
General Electric buys RCA for $6.4 billion, including NBC and a stake in A&E
NBC relaunches Tempo Television as CNBC
Universal Studios Florida opens
Law & Order premieres on NBC
Sky Television and British Satellite Broadcasting merge to form British Sky Broadcasting
Universal Cartoon Studios (later Universal Animation Studios) is established
Universal releases Jurassic Park
DreamWorks Animation is founded
Barry Diller purchases Universal's domestic television assets
Seagram acquires PolyGram Filmed Entertainment
Universal Television is renamed Studios USA Television
PolyGram Filmed Entertainment is folded into Universal Pictures
Universal Studios Florida expands to become Universal Orlando Resort
Grand opening of Universal Studios Japan
Universal releases The Fast and the Furious
Vivendi purchases Studios USA
NBC acquires Telemundo and Bravo
Studios USA assets are folded into Universal
Focus Features is formed
Comcast acquires AT&T Broadband for $44.5 billion
Universal becomes the first studio with five summer releases breaking the $100 million mark
GE and Vivendi merge NBC and Universal into NBCUniversal
The Office premieres on NBC
Comcast sets up a joint-venture with PBS, Sesame Workshop & HIT Entertainment to form PBS Kids Sprout
Comcast & Time Warner Cable jointly acquire Adelphia Cable assets for $17.6 billion
USA Network begins 13-year streak as #1 cable network in total viewers
Illumination is founded
Universal releases Illumination's first film Despicable Me
Vivendi divested in NBCU; Comcast buys 51% of NBCU from GE, turning it into a limited liability company
NBCUniversal Archives is founded
Universal celebrates its 100th anniversary
NBCUniversal divests its A&E Networks minority stake
Comcast buys GE's remaining 49% of NBCU
Comcast/NBCU assumes full ownership of Sprout
Comcast attempts to acquire Time Warner Cable for $45.2 billion
NBCUniversal reaches a new long-term deal with WWE
NBCU acquires DreamWorks Animation
Sprout relaunches as Universal Kids
Comcast acquires Sky after a heated bidding war with 21st Century Fox
NBCU acquires Cineo Lighting
NBCU launches Peacock
Grand opening of Universal Beijing Resort
The Super Mario Bros. Movie becomes Illumination's highest-grossing film
Comcast owns and operates the Xfinity residential cable communications business segment and division; Comcast Business, a commercial services provider; and Xfinity Mobile, an MVNO of Verizon. Through NBCUniversal, it also owns and operates over-the-air national broadcast network channels such as NBC, Telemundo, TeleXitos, and Cozi TV; multiple cable-only channels such as MSNBC, CNBC, USA Network, Syfy, Oxygen, Bravo, and E!; the film studio Universal Pictures; the VOD streaming service Peacock; animation studios DreamWorks Animation, Illumination, and Universal Animation Studios; and Universal Destinations & Experiences. It also has significant holdings in digital distribution, such as thePlatform, which it acquired in 2006; and ad-tech company FreeWheel, which it acquired in 2014. Since October 2018, it has also been the parent company of Sky Group.[11]
Comcast has been criticized and put under intense public scrutiny for a variety of reasons. Its customer satisfaction ratings were among the lowest in the cable industry during the years 2008–2010.[12][13] It has violated net neutrality practices in the past, and, despite its commitment to a narrow definition of net neutrality,[14] critics advocate a definition that precludes any distinction between Comcast's private network services and the rest of the Internet.[15] Critics also point out a lack of competition in the vast majority of Comcast's service areas; in particular, the limited competition among cable providers.[16] Given its negotiating power as a large ISP, some suspect that it could leverage paid peering agreements to unfairly influence end-user connection speeds. Its ownership of both content production (in NBCUniversal) and distribution (as an ISP) has raised antitrust concerns. These issues and others led to Comcast being dubbed "The Worst Company in America" by The Consumerist in 2010 and 2014.[17][18]
Media related to Comcast at Wikimedia Commons
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