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Comcast will split into two publicly traded companies through a spinoff of NBCUniversal and Sky, separating its cash-generating broadband arm from a media and entertainment business under pressure from streaming rivals and industry consolidation

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Comcast is planning to split itself into two separate companies, again. The corporate giant announced plans to “spin off” its remaining media enterprises, NBCUniversal and Sky, into one entity. The other would focus on its broadband internet and wireless services. The planned move comes just months after Comcast separated most of its cable TV networks, such as CNBC and MS NOW. Comcast shares rose sharply on the news.
0:26

Comcast is planning to split itself into two separate companies, again. The corporate giant announced plans to “spin off” its remaining media enterprises, NBCUniversal and Sky, into one entity. The other would focus on its broadband internet and wireless services. The planned move comes just months after Comcast separated most of its cable TV networks, such as CNBC and MS NOW. Comcast shares rose sharply on the news.

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ITV has agreed the sale of its media and entertainment business to Sky for up to £1.6 billion, the companies have announced. The companies said the deal will combine the division with Sky to create a major competitor to the global streaming giants. Will Tullis has the latest. #sky #itv #entertainment
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ITV has agreed the sale of its media and entertainment business to Sky for up to £1.6 billion, the companies have announced. The companies said the deal will combine the division with Sky to create a major competitor to the global streaming giants. Will Tullis has the latest. #sky #itv #entertainment

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Warner Bros Discovery has received buyout bids from rivals Paramount Skydance, Comcast and Netflix, a source said. This has kicked off a potential sale of the century-old Hollywood studio
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Warner Bros Discovery has received buyout bids from rivals Paramount Skydance, Comcast and Netflix, a source said. This has kicked off a potential sale of the century-old Hollywood studio

Reuters

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US banks reported blockbuster results in the last quarter, but their consumer business is coming under pressure from new fintech companies. Moneta’s Aoifinn Devitt said Wise may have recently failed to get a banking licence, but other companies are watching the financial industry
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US banks reported blockbuster results in the last quarter, but their consumer business is coming under pressure from new fintech companies. Moneta’s Aoifinn Devitt said Wise may have recently failed to get a banking licence, but other companies are watching the financial industry

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Walt Disney named theme parks head Josh D'Amaro as CEO, ending years of succession uncertainty and placing a longtime insider at the helm as artificial intelligence and a wave of consolidation upend the media industry
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Walt Disney named theme parks head Josh D'Amaro as CEO, ending years of succession uncertainty and placing a longtime insider at the helm as artificial intelligence and a wave of consolidation upend the media industry

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The US Justice Department released a new trove of documents from its investigations into the late financier and convicted sex offender Jeffrey Epstein, bowing to pressure from lawmakers who forced their disclosure with a new law
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The US Justice Department released a new trove of documents from its investigations into the late financier and convicted sex offender Jeffrey Epstein, bowing to pressure from lawmakers who forced their disclosure with a new law

Reuters

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Comcast $CMCSA beat Q2 earnings expectations, posting a non-GAAP EPS of $1.04! THE NUMBERS: High-speed internet demand drove $29.94B in revenue and a strong $4.6B in free cash flow. EFFICIENCY: Comcast maintained a 70.13% gross margin alongside a 20.92% Return on Equity (ROE). THE RATING: Backed by a solid 5.52% dividend yield, the Seeking Alpha Quant score sits at a neutral HOLD. Is $CMCSA a solid income-generating play in the media and broadband space?
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Comcast $CMCSA beat Q2 earnings expectations, posting a non-GAAP EPS of $1.04! THE NUMBERS: High-speed internet demand drove $29.94B in revenue and a strong $4.6B in free cash flow. EFFICIENCY: Comcast maintained a 70.13% gross margin alongside a 20.92% Return on Equity (ROE). THE RATING: Backed by a solid 5.52% dividend yield, the Seeking Alpha Quant score sits at a neutral HOLD. Is $CMCSA a solid income-generating play in the media and broadband space?

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Inside a two-story workshop on the outskirts of Bangkok, filled with the sharp smell of resin and paint thinner, a small art toy business is under pressure over rising costs and weakening demand amid the Iran war fallout
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Inside a two-story workshop on the outskirts of Bangkok, filled with the sharp smell of resin and paint thinner, a small art toy business is under pressure over rising costs and weakening demand amid the Iran war fallout

Reuters

34,746 просмотров • 4 месяцев назад

ITV has agreed a £1.6bn deal with Sky, the owner of Sky News, for its media and entertainment arm following months of talks. Sky Group CEO Dana Strong spoke to Wilfred Frost after the deal was announced. Read more:
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ITV has agreed a £1.6bn deal with Sky, the owner of Sky News, for its media and entertainment arm following months of talks. Sky Group CEO Dana Strong spoke to Wilfred Frost after the deal was announced. Read more:

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Associated British Foods will split Primark from its foods businesses, aiming to create standalone entities with dedicated boards and investors
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Associated British Foods will split Primark from its foods businesses, aiming to create standalone entities with dedicated boards and investors

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Fox Corp is buying Roku in a cash-and-stock deal valued at about $22 billion, betting that combining its sports and news programming with a leading TV streaming platform will bolster its position as more audiences shift online
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Fox Corp is buying Roku in a cash-and-stock deal valued at about $22 billion, betting that combining its sports and news programming with a leading TV streaming platform will bolster its position as more audiences shift online

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43,605 просмотров • 2 месяцев назад

Two girls and an innovation in a business of tradition! Will #Hoovu secure a deal with the Sharks? Watch #SharkTankIndia season 2 starting from 2nd Jan, 10 pm on Sony LIV and Sony Entertainment Television.
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Two girls and an innovation in a business of tradition! Will #Hoovu secure a deal with the Sharks? Watch #SharkTankIndia season 2 starting from 2nd Jan, 10 pm on Sony LIV and Sony Entertainment Television.

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Amazon is attempting to take over business from UPS and FedEx “In a challenge to shipping Giants UPS and FedEx, Amazon will now open up its logistics network to allow any business to store and ship goods through it It's known as Amazon Supply Chain Services. Companies will be able to tap into Amazon's ocean, road, air and rail networks. In addition to its massive network of warehouses. Amazon has developed a fleet of more than a hundred cargo planes” Monopolies in America only get bigger
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Amazon is attempting to take over business from UPS and FedEx “In a challenge to shipping Giants UPS and FedEx, Amazon will now open up its logistics network to allow any business to store and ship goods through it It's known as Amazon Supply Chain Services. Companies will be able to tap into Amazon's ocean, road, air and rail networks. In addition to its massive network of warehouses. Amazon has developed a fleet of more than a hundred cargo planes” Monopolies in America only get bigger

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