Comcast Corporation
Categories
#94
Rank
$159.51B
Marketcap
United States
Country
Brian L. Roberts (Chairman & CEO)
Jason S. Armstrong (Chief Financial Officer)
Lisa Bonnell (Executive Vice President, Comcast Global Audit & General Auditor )
Francis M. Buono (Executive Vice President, Legal Regulatory Affairs & Senior Deputy General Counsel )
Karen Dougherty Buchholz (Executive Vice President, Administration)
Media and Communications
Summary
Comcast's primary business, Comcast Cable, offers a variety of cable services such as Xfinity TV, which provides access to live TV and on-demand content, including sports, news, and popular television shows. Additionally, Xfinity Internet provides fast and reliable high-speed internet access to millions of customers across the country, and Xfinity Voice offers reliable and affordable phone service. Comcast Business, the business division of Comcast Cable, provides internet, phone, and TV services to small and medium-sized businesses, as well as large enterprises.
NBCUniversal, another division of Comcast, is a major player in the entertainment industry. With a wide range of cable networks such as Bravo, CNBC, MSNBC, Syfy, USA, and more, NBCUniversal offers diverse content to viewers worldwide. NBCUniversal also has a vast film production and distribution division with Universal Pictures, which has produced blockbuster movies such as Jurassic Park, Jaws, and the Fast and the Furious franchise. Moreover, the division owns Universal Parks and Resorts, which operates several theme parks worldwide, including Universal Studios Hollywood, Universal Orlando Resort, and Universal Studios Japan.
Comcast's acquisition of Sky in 2018 expanded the company's reach into the European market. Sky is one of Europe's leading media and entertainment companies, offering a range of services such as TV, broadband, and mobile services to millions of customers. Sky also produces its own content and has exclusive rights to major sporting events, making it a popular choice for European viewers.
In addition to its traditional media holdings, Comcast has made significant investments in digital media. In 2011, Comcast acquired a 51% stake in NBCUniversal, which included its ownership of Hulu, an online streaming platform. Hulu offers a wide range of TV shows, movies, and original programming to subscribers, and is a popular choice for cord-cutters who want to watch content online.
History
Comcast Corporation is a leading telecommunications and media company in the United States. It was founded in 1963 by Ralph J. Roberts, Daniel Aaron, and Julian A. Brodsky, and is headquartered in Philadelphia, Pennsylvania.
Comcast began as a small cable television provider serving subscribers in Tupelo, Mississippi. Over the next few decades, the company expanded its services, acquiring other cable providers and growing its subscriber base. In 1986, Comcast went public and began trading on the NASDAQ stock exchange.
In the 1990s, Comcast continued to grow through a series of mergers and acquisitions. In 1994, the company acquired QVC, a home shopping network, and in 1996, it acquired Jones Intercable, a cable provider based in Colorado. The following year, Comcast acquired Lenfest Communications, a cable provider in the Philadelphia area.
In 2002, Comcast made a bold move, acquiring AT&T Broadband, which was at the time the largest cable provider in the United States. The acquisition significantly expanded Comcast's reach, giving it access to millions of new subscribers and making it the largest cable provider in the country.
In 2002, Brian Roberts assumed the role of Chief Executive Officer, leading Comcast's operations. The company launched G4, a network focused on video games and interactive entertainment. Comcast introduced high-definition television (HDTV) service, catering to the growing demand for enhanced viewing experiences. The merger between Comcast and AT&T Broadband was successfully completed, expanding the company's reach to serve millions of customers across the country. Moreover, Comcast launched Comcast High-Speed Internet, offering fast internet connections to its subscribers.
In 2007, Comcast continued its growth through various acquisitions and expansions. The company reached an agreement to acquire Fandango, a popular destination for movie information and ticketing. This acquisition further strengthened Comcast's presence in the entertainment industry. Comcast SportsNet expanded its regional sports network areas, launching in the Bay Area, New England, and Northwest regions. Additionally, Comcast opened the Comcast Center, which became the nation's tallest LEED Certified building.
In the years following the acquisition, Comcast continued to expand its services, introducing high-speed internet and phone services to its subscribers. The company also began to invest heavily in content, acquiring a number of media properties, including NBCUniversal, DreamWorks Animation, and Sky, a European media company.
Despite its success, Comcast has faced a number of challenges over the years. In the early 2000s, the company was criticized for its customer service practices, which many customers found to be poor. In response, the company invested heavily in improving its customer service operations, including hiring thousands of new employees and implementing new technologies to improve the customer experience.
Comcast has also faced a number of regulatory challenges over the years. In 2011, the company proposed a merger with NBCUniversal, which was ultimately approved by the Federal Communications Commission (FCC) after a lengthy review process. However, the merger was subject to a number of conditions, including a requirement that Comcast offers its programming to competing video providers at fair rates.
More recently, Comcast has faced increased competition from streaming services like Netflix and Amazon Prime Video, which are disrupting the traditional cable and media industries. In response, the company has launched its own streaming service, Peacock, which offers a range of movies, TV shows, and other content.
Overall, Comcast Corporation has come a long way since its founding in 1963. It has grown to become one of the largest and most powerful media companies in the world, with extensive reach and a wide range of products and services. As it continues to evolve and expand, it will be interesting to see what new heights Comcast will reach in the future.
Mission
The mission of Comcast is to create “incredible technology and entertainment that connects millions of people to the moments and experiences that matter most”. This mission statement emphasizes creating advanced communication technology and improved customer connectivity experiences. Through its subsidiaries such as Universal Pictures, news outlets such as NBC, and ways to connect with people online such as Xfinity, Comcast is able to fulfil its mission.
Vision
Comcast is a company that is deeply committed to its customers, and its vision statement reflects this dedication. By striving to be the best entertainment and communications company in the world, Comcast aims to provide customers with not just high-quality products and services, but also an exceptional customer experience that exceeds their expectations.
Comcast's commitment to innovation extends beyond entertainment, with the company also investing in new technologies that can help customers be more productive and efficient.
Key Team
Brian L. Roberts (Chairman & CEO)
Recognition and Awards
Products and Services
Comcast also provides a wide range of internet services. These include high-speed internet, fibre-optic internet, and wireless internet. Customers can also choose from different speed levels, ranging from basic to ultra-fast. Comcast also provides telephone services. These include traditional landline service, Voice over Internet Protocol (VoIP), and wireless services. The company also offers a variety of calling features, such as caller ID, call waiting, three-way calling, and more. For home security, Comcast offers home security systems and monitoring services. These services include motion sensors, video cameras, door and window sensors, and more.
- Xfinity Internet: High-speed internet service with various speed options to support browsing, streaming, gaming, and other online activities.
- Xfinity TV: Cable television service that provides a variety of channels, including popular networks, premium channels, on-demand content, and DVR capabilities for recording and pausing live TV.
- Xfinity Voice: Home phone service that offers unlimited nationwide calling, voicemail, caller ID, and other calling features.
- Xfinity Mobile: Mobile phone service that combines Verizon's nationwide network with Xfinity's Wi-Fi hotspots for connectivity and offers flexible data plans.
- Xfinity Home: Home security and automation service that includes 24/7 professional monitoring, video surveillance, smart home control, and remote access via a mobile app.
- Xfinity Stream: Streaming platform that allows Xfinity TV customers to access live TV, on-demand content, and DVR recordings on various devices, including smartphones, tablets, and computers.
- Xfinity Flex: A streaming device that provides access to popular streaming apps, free movies and TV shows, and live TV streaming from select networks, all in one place.
- Xfinity WiFi: A network of millions of Wi-Fi hotspots available for Xfinity customers to connect to the internet on the go.
- Xfinity Voice Remote: A voice-controlled remote that allows users to search for content, control their TV, and access various features using voice commands.
- Xfinity Home Security Cameras: Indoor and outdoor security cameras that provide live video monitoring, motion detection, and cloud storage for recorded footage.
Customers can also choose from different packages and pricing options. Comcast also provides a variety of other services, such as home automation, home phone services, home media services, and more. The company also has various partnerships with other companies, such as Netflix and Hulu.
References
- Comcast I Wikipedia
- Comcast I Crunchbase
- Comcast I Britannica
- Comcast I Indeed
- Comcast Awards & Recognition I Comcast
- Comcast Corporation (CMCSA) I Yahoo Finance
- Xfinity 10G I Xfinity Overview
- Comcast Corp Annual Report I Annual Reports
- Comcast Corporation I Dun & Bradstreet
- Comcast Partners with the City of Tacoma to Advance Digital Equity I Yahoo Finance
- Comcast Is Now The Majority Owner Of Sky Comcast
- Comcast Completes NBC Universal Merger I Reuters
- Comcast Timeline I Comcast
- AT&T Broadband I Comcast
- Xfinity Discovery Hub I Xfinity
- Best Internet Service Providers I US News & World Report
- Best High Internet Providers 2023 I CNET
- The Comcast Transformation. How they did it? I The Diligius Group
- Comcast NBCUniversal’s Commitment to the Military Community I Comcast
- Comcast Mission Statement I Business Strategy Hub
Brian L. Roberts (Chairman & CEO)
Jason S. Armstrong (Chief Financial Officer)
Lisa Bonnell (Executive Vice President, Comcast Global Audit & General Auditor )
Francis M. Buono (Executive Vice President, Legal Regulatory Affairs & Senior Deputy General Counsel )
Karen Dougherty Buchholz (Executive Vice President, Administration)
Media and Communications