Comcast to Purchase Remainder of GE Stake in NBCUniversal
General Electric announced Tuesday in a press release that it will sell its 49 percent stake in NBCUniversal to Comcast for $16.7 billion.... read more
Found in: Culture, NewsComcast Wants to "Destroy" Writer's Guild, Says Writer's Guild
Two members of the Writer’s Guild of America West (WGAW), Chip Johannessen and Patric M. Verrone, have composed a lengthy statement detailing their dissatisfaction with cable giant Comcast’s handling of the Writer’s Guild union.... read more
Found in: Industry, NewsComcast Finally Acquires NBC Universal
Comcast has finally realized its goal of acquiring NBC Universal. Federal regulators allowed the acquisition after setting stipulations that must be followed to ensure that the marketplace can remain competitive.... read more
Found in: TV, NewsNBC President Jeff Zucker Taking $30 Million Exit Deal?
In a merge of monstrous proportions, Comcast shelled out $30 billion to acquire 51 percent of NBC last year, a move that entitles them to the network’s television properties, theme parks and film enterprises. Even though NBC Universal CEO and President Jeff Zucker’s contract with Comcast and General Electric, which owns the other 49 percent of the network, is valid through 2013, the New York Post claims Zucker will be taking advantage of a $30-$40 million exit package that will allow him to leave the company shortly after the Comcast acquisition is finalized early next year.... read more
Found in: Industry, NewsComcast Buys NBC Universal for $30 Billion
In a colossal merge that has been foreshadowed for months now, Comcast has finally struck a deal with NBC Universal to acquire 51 percent of the entertainment giant for a whopping $30 billion, while General Electric will maintain the other 49 percent. The purchase gives the nation’s largest cable and internet provider ownership of NBC’s TV properties, film entertainment and theme parks, along with some precious digital properties, according to TVGuide.com.... read more
Found in: TV, NewsHulu to Charge Users by 2010
Much has been lamented about the impending buyout of NBC Universal by Comcast. Among the expected consequences of this deal would be the switch at Hulu from an ad-generated business model to a subscription or fee-based service for consumers.... read more
Found in: TV, NewsIf Comcast Purchases a Majority of NBC Universal, Will Viewers Have to Pay for Hulu?
Pesky 30-second ads could be the least concern for Hulu's more than 18 million global viewers choosing to catch their shows online. Comcast is currently bidding for a majority stake in NBC Universal, an endeavor that, if proven successful, could turn free Hulu programming into a long lost luxury.... read more
Found in: Movies, News
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