Brian Roberts

Comcast makes rival £22bn cash bid for Sky

Comcast has made a firm cash offer for Sky that values the pay TV operator at £22 billion (€25 billion), with a commitment to maintain annual expenditure on Sky News for at least 10 years and to establish an independent editorial board for the channel. The announcement, which accompanied Comcast’s Q1 results, puts the US […]

Comcast looking again at Fox after higher bid was rejected – report

Comcast made an offer last year for 21st Century Fox that was significantly higher than Disney’s successful bid, and may make a fresh move to acquire the company, or its European pay TV arm Sky, according to the Wall Street Journal. The Journal, citing unnamed sources, reports that Comcast made a bid for Fox that […]

CEO brushes off Comcast concerns

NBCUniversal (NBCU) parent Comcast is in rude health despite a recent stock price drop, according to its CEO. Comcast’s market cap recently fell around US$16 billion after a predicted loss of up 150,000 video customers in Q3 was revealed. Those losses were in part was related to Hurricane Irma battering Florida and Texas, and the […]

Comcast invests in ex-DreamWorks exec’s VR start-up

Comcast has led a round of investment in Spaces, a VR firm founded by entrepreneurs including Brad Herman, the former CTO of DreamWorks, the animation studio recently acquired by Comcast. The cabler’s investment arm, Comcast Ventures, led the US$3 million funding round. Spaces will be run by video games veteran Shiraz Akmal as CEO, alongside […]

Comcast quiet on DreamWorks deal

US media giant Comcast yesterday refused to comment on mounting speculation it is poised to buy toon studio DreamWorks Animation for US$3 billion. Comcast management declined to address the rumours as the firm posted strong first quarter 2016 financial results. “As a reminder, because of the FCC’s anti-collusion rules for the broadcast incentive option, we […]

Comcast defends new OTT service

Comcast Communications has defended its new cord-cutting enabler Stream as a way of attracting young adult viewers. The OTT service, which is currently being trialed in the US, will allow the US cable and broadcast TV giant to attract “younger consumers”, according to Comcast CEO and chairman Brian Roberts (pictured). The consumer Stream would likely […]

NBCU ‘well set’ for post-mega-merger era

The CEO of Comcast Communications has said NBCUniversal’s current performance means the content business is well prepared for any landscape changes, including the potential Fox-Time Warner merger. Brian Roberts told investors NBCU’s performance “strategically and financial positions us well in the content business”, and that “we certainly don’t think we need to bulk up in […]

Time Warner Cable pays tribute as former boss passes away

US MSO Time Warner Cable has paid tribute to former CEO and cable industry pioneer Glenn Britt after he passed away yesterday, aged 65. “Glenn Britt’s entrepreneurial spirit and visionary leadership inspired the cable industry and left a profound mark on Time Warner Cable,” the company said. “He was a central figure at the birth […]

Netflix agrees broadband access deal with Comcast

In a significant break with its existing practice, Netflix has agreed to pay US cable giant Comcast to gain direct access to its network to deliver a better quality service to Comcast subscribers. In a deal many industry observers see as likely to be the first of a series, Netflix will gain direct access to […]

NBCU revenue down but cable grows

NBCUniversal saw its second quarter revenue drop 14.2% – a fall largely driven by dips at US broadcast network NBC owing to a 2012 Olympic Games bump. NBCU’s results for the three months to September 30 showed its broadcast television segment had fallen 41.1% year-on-year from US$2.79 billion to US$1.64 billion. NBCU parent Comcast attributed […]