For the past week, rumors have been circulating about Comcast subsidiary NBCUniversal attempting to bolster its online media business. Now, Recode is reporting that NBCUniversal has a “handshake deal” in place for a $250 million investment in BuzzFeed. That would put BuzzFeed’s valuation at a stunning $1.5 billion.
Recode also reports that NBCU is negotiating to invest in Vox Media, although it didn’t put a price tag on the deal.
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There’s a talent war going on in Philadelphia. Last week, Technically Philly reported that Amazon was coming to town for a three-day recruiting fest at the Loews Hotel in Center City. The Seattle-based online retail giant is offering immigration assistance and a “comprehensive relocation package,” to potential employees, Technically reported. It’s holding an invite-only party tonight and will be in town until Friday. Read more »
Photo | Jeff Fusco
Remember earlier this year when a Comcast customer got a bill addressed to “Asshole Brown?” Comcast thinks it has the problem solved. Read more »
Comcast announced its second quarter earnings Thursday morning. Revenues were up 11.3 percent in the quarter to $18.4 billion on the strength of NBCUniversal‘s staggering 20 percent revenue increase and the addition of 180,000 Internet customers. Net income rose to $2.14 billion from $1.99 billion a year ago. Read more »
NBC Universal Dominating the Movie Industry Right Now
The News: Whether it’s kids freaking out over Minions, teenagers fascinated by Jurassic World or couples going out to see Amy Schumer in Trainwreck, NBCUniversal is dominating the movie business at the moment — and parent company Comcast is reaping the benefits. Read more »
No PS4 or Xbox? No problem.
Want to play FIFA soccer but don’t feel like purchasing an Xbox or PS4? Well, Comcast is adding video games to its X1 platform.
The cable giant recently unveiled Xfinity Games, a new partnership with Electronic Arts, which streams the games over the Internet to X1 set-top boxes. Subscribers use smartphones or tablet computers to control the action, rather than using traditional gaming controllers. Read more »
After Comcast released its super-fast, fiber-based Internet service in several markets, people in Philadelphia were undoubtedly excited. Internet at a speed of 2n gigabits per second (Gbps)? Yes please. Comcast calls it the fastest residential Internet you can buy. Read more »
Soon after Comcast announced it’s new streaming television service, the negative reviews started piling up. With headlines like “Comcast’s Streaming Service Sounds as Bad as You’d Expect” and “Comcast Sells Its Own Cord-Cutting Service — Which Requires Comcast’s Cord,” tech and consumer publications don’t seem very pleased with the cable giant’s latest offering. Read more »
Photo | Jeff Fusco
A Philadelphia woman is suing Comcast, saying the company flooded her cell phone with robocalls for most of a year — long after she’d paid a bill in question, and long after she’d asked the company to cease the practice.
An attorney for Kia Elder filed the suit Friday in federal court (see below). It says she received calls from Comcast “once or twice a day” between September 2014 and “at least through” June 18th of this year. The calls were initiated by automatic systems, the plaintiff said; after she answered, the calls would be transferred to live representatives of the company. Read more »
After years of battling against online TV, Comcast is now diving head-first into streaming television. The cable giant has just introduced a $15-per-month streaming TV service featuring live TV from approximately a dozen channels including all the major broadcast networks and HBO.
Called Stream, the service appears to be Comcast’s attempt to attract younger, price-conscious consumers who have “cut the cord” and watch programming on their laptops or via streaming services like Apple TV, Google Chromecast or Amazon Fire. To use Stream, you must be a Comcast Internet customer, and the live TV portion only works at home. Read more »