American multinational telecommunications and media conglomerate
This article is about the media conglomerate. For the internet service provider previously branded as Comcast, see Xfinity.
Comcast Corporation
Logo used since January 11, 2024
Comcast Center, the company's headquarters in Philadelphia
Trade name
Comcast
Formerly
American Cable Systems (1963–1968)
Comcast Holdings (1968–2000)
Company type
Public
Traded as
Nasdaq: CMCSA (Class A)
Nasdaq-100 component
S&P 100 component
S&P 500 component
Industry
Telecommunications
Media
Entertainment
Founded
June 28, 1963; 60 years ago (1963-06-28) Tupelo, Mississippi, U.S.
Founder
Ralph J. Roberts
Headquarters
Comcast Center,
Philadelphia, Pennsylvania
,
U.S.
Area served
Worldwide
Key people
Brian L. Roberts (chairman & CEO)
Michael J. Cavanagh (president)
Products
Cable television
Broadband
Internet service
Broadcasting
Revenue
US$121.6 billion (2023)
Operating income
US$23.31 billion (2023)
Net income
US$15.11 billion (2023)
Total assets
US$264.8 billion (2023)
Total equity
US$83.23 billion (2023)
Owner
Brian L. Roberts (1% equity interest, 33% voting power)
Number of employees
186,000 (2023)
Divisions
Xfinity
Comcast Spectacor
Subsidiaries
Midco (49%)
NBCUniversal
Sky Group
ASN
7922
Website
corporate.comcast.com
Footnotes / references [1][2][3][4][5][6][7]
Comcast Corporation (simply known as Comcast, and formerly known as American Cable Systems and Comcast Holdings),[note 1] incorporated and headquartered in Philadelphia, is an American multinational telecommunications and media conglomerate.[8] The corporation is the second-largest broadcasting and cable television company in the world by revenue (behind AT&T). It is the third-largest pay-TV company, the second-largest cable TV company by subscribers, and the largest home Internet service provider in the United States. In 2023, the company was ranked 51st in the Forbes Global 2000.[9] Comcast is additionally the nation's third-largest home telephone service provider. It provides services to U.S. residential and commercial customers in 40 states and the District of Columbia.[10] As the owner of the international media company NBCUniversal since 2011, Comcast is also a high-volume producer of feature films for theatrical exhibition and television programming, and a theme park operator. It is the world's third-largest telecommunications company by revenue.
Comcast owns and operates the Xfinity residential cable communications business segment and division; Comcast Business, a commercial services provider; and Xfinity Mobile, an MVNO of Verizon. Through NBCUniversal, it also owns and operates over-the-air national broadcast network channels such as NBC, Telemundo, TeleXitos, and Cozi TV; multiple cable-only channels such as MSNBC, CNBC, USA Network, Syfy, Oxygen, Bravo, and E!; the film studio Universal Pictures; the VOD streaming service Peacock; animation studios DreamWorks Animation, Illumination, and Universal Animation Studios; and Universal Destinations & Experiences. It also has significant holdings in digital distribution, such as thePlatform, which it acquired in 2006; and ad-tech company FreeWheel, which it acquired in 2014. Since October 2018, it has also been the parent company of Sky Group.[11]
Comcast has been criticized and put under intense public scrutiny for a variety of reasons. Its customer satisfaction ratings were among the lowest in the cable industry during the years 2008–2010.[12][13] It has violated net neutrality practices in the past, and, despite its commitment to a narrow definition of net neutrality,[14] critics advocate a definition that precludes any distinction between Comcast's private network services and the rest of the Internet.[15] Critics also point out a lack of competition in the vast majority of Comcast's service areas; in particular, the limited competition among cable providers.[16] Given its negotiating power as a large ISP, some suspect that it could leverage paid peering agreements to unfairly influence end-user connection speeds. Its ownership of both content production (in NBCUniversal) and distribution (as an ISP) has raised antitrust concerns. These issues and others led to Comcast being dubbed "The Worst Company in America" by The Consumerist in 2010 and 2014.[17][18]
Evolution of Comcast NBCUniversal
1912
Universal Pictures is founded
1926
NBC is founded
1928
Universal Cartoon Studios (later known as Universal Animation Studios) is founded
1943
MCA Inc. establishes Revue Studios (later Universal Television)
1953
NBC begins first compatible color broadcasts, preceding other networks by nine years
1956
NBC's first peacock logo debuts
1963
American Cable Systems is founded
1964
Universal Studios Hollywood opens
1967
NBC broadcasts the first Super Bowl
1968
American Cable Systems rebrands to Comcast
1972
Comcast began trading on the New York Stock Exchange (NYSE)
1975
Universal releases Jaws
1980
PolyGram renames Casablanca Record & Filmworks to PolyGram Pictures
1982
Universal releases E.T. The Extra Terrestrial
1984
Walter Lantz Productions is sold to Universal
1985
Universal releases Back to the Future
1986
General Electric buys RCA for $6.4 billion, including NBC and a stake in A&E
1989
NBC relaunches Tempo Television as CNBC
1990
Universal Studios Florida opens Law & Order premieres on NBC Sky Television and British Satellite Broadcasting merge to form British Sky Broadcasting Universal Cartoon Studios (later Universal Animation Studios) is established
1993
Universal releases Jurassic Park
1994
DreamWorks Animation is founded
1996
NBC and Microsoft launch MSNBC
1997
Barry Diller purchases Universal's domestic television assets
1998
Seagram acquires PolyGram Filmed Entertainment Universal Television is renamed Studios USA Television
1999
PolyGram Filmed Entertainment is folded into Universal Pictures Universal Studios Florida expands to become Universal Orlando Resort Law & Order: Special Victims Unit premieres on NBC
2001
Grand opening of Universal Studios Japan Universal releases The Fast and the Furious Vivendi purchases Studios USA
2002
NBC acquires Telemundo and Bravo Studios USA assets are folded into Universal Focus Features is formed Comcast acquires AT&T Broadband for $44.5 billion
2003
Universal becomes the first studio with five summer releases breaking the $100 million mark
2004
GE and Vivendi merge NBC and Universal into NBCUniversal
2005
The Office premieres on NBC Comcast sets up a joint-venture with PBS, Sesame Workshop & HIT Entertainment to form PBS Kids Sprout Comcast & Time Warner Cable jointly acquire Adelphia Cable assets for $17.6 billion
2006
USA Network begins 13-year streak as #1 cable network in total viewers
2007
Illumination is founded
2010
Universal releases Illumination's first film Despicable Me
2011
Vivendi divested in NBCU; Comcast buys 51% of NBCU from GE, turning it into a limited liability company NBCUniversal Archives is founded
2012
Universal celebrates its 100th anniversary NBCUniversal divests its A&E Networks minority stake
2013
Comcast buys GE's remaining 49% of NBCU Comcast/NBCU assumes full ownership of Sprout
2014
Comcast attempts to acquire Time Warner Cable for $45.2 billion NBCUniversal reaches a new long-term deal with WWE
2016
NBCU acquires DreamWorks Animation
2017
Sprout relaunches as Universal Kids
2018
Comcast acquires Sky after a heated bidding war with 21st Century Fox FBI premieres on CBS
2019
NBCU acquires Cineo Lighting
2020
NBCU launches Peacock
2021
Grand opening of Universal Beijing Resort
2023
The Super Mario Bros. Movie becomes Illumination's highest-grossing film
v
t
e
^"Comcast bids for Disney". Retrieved November 5, 2016.
^"CMCSK:US". Bloomberg News. Retrieved November 5, 2016.
^"Archived copy". Archived from the original on July 18, 2018. Retrieved November 28, 2018.{{cite web}}: CS1 maint: archived copy as title (link)
^"Archived copy" (PDF). update.comcast.com. Archived from the original (PDF) on September 6, 2019. Retrieved January 17, 2022.{{cite web}}: CS1 maint: archived copy as title (link)
^IfM – Comcast/NBCUniversal, LLC. Institute of Media and Communications Policy Mediadb.eu (undated). Retrieved on June 11, 2015.
^"People: Comcast Corp (CMCSA.OQ)". Reuters. Retrieved February 22, 2014.
^"Comcast Corporation 2023 Annual Report (Form 10-K)". sec.gov. U.S. Securities and Exchange Commission. January 31, 2024.
^"The Big 6 Media Companies". Retrieved August 7, 2022.
^"The Global 2000 2023". Forbes. Archived from the original on January 29, 2024. Retrieved February 7, 2024.
^Comcast 2008 Form 10-K Archived April 21, 2017, at the Wayback Machine, files.shareholder.com
^Baccardax, Martin (October 25, 2018). "Comcast Tops Q3 Earnings Forecast After $40 Billion Sky Deal". TheStreet.
^Consumerist (April 26, 2010). "Comcast Is Crowned Consumerist.Com's 2010 'Worst Company in America'" (Press release). PR Newswire. Retrieved March 31, 2014.
^J.D. Power Releases 2008 Residential Television Service Satisfaction Survey. News.ecoustics.com. Retrieved on July 8, 2011.
^Dara Kerr (March 20, 2014). "Netflix's Hastings makes the case for Net neutrality". Cnet. Retrieved March 31, 2014.
^Modine, Austin. (January 21, 2009) "FCC fingers Comcast VoIP favoritism". TheRegister.co.uk. Retrieved on July 8, 2011.
^Michael Hiltzik (August 23, 2013). "Cable monopolies hurt consumers and the nation". Los Angeles Times. Retrieved March 31, 2014.
^"Congratulations to Comcast, Your 2014 Worst Company in America!". Consumerist. April 8, 2013. Retrieved January 16, 2015.
^Paramore, Lynn Stuart (August 30, 2013). "Why Comcast is the Worst Company in America". Salon. Retrieved January 15, 2015.
Cite error: There are <ref group=note> tags on this page, but the references will not show without a {{reflist|group=note}} template (see the help page).
Comcast Corporation (simply known as Comcast, and formerly known as American Cable Systems and Comcast Holdings), incorporated and headquartered in Philadelphia...
Comcast Cable Communications, LLC, doing business as Xfinity, is an American telecommunications business segment and division of Comcast Corporation. It...
NBCUniversal or Comcast NBCUniversal since 2013) is an American multinational mass media and entertainment conglomerate that is a subsidiary of Comcast and is...
Comcast Spectacor is an American sports and entertainment company based in Philadelphia, Pennsylvania. It owns the Philadelphia Flyers of the National...
A number of different controversies and criticisms have surrounded Comcast for various reasons over its recent history. Customers of the telecommunications...
Comcast Center, also known as the Comcast Tower, is a skyscraper in Center City Philadelphia. The 58-story, 297-meter (974 ft) tower is the second-tallest...
telecommunications conglomerate, which is a subsidiary of the American conglomerate Comcast, and headquartered in Isleworth. It has operations in the United Kingdom...
cable television company Comcast. The networks were originally established as Comcast SportsNet (CSN), a unit of Comcast's cable television business...
NBCUniversal, which in turn is owned by locally based cable television provider Comcast (and owns a controlling 75% interest), and the Philadelphia Phillies (which...
division of NBCUniversal, which in turn is a wholly owned subsidiary of Comcast. It provides content nationally with programming syndicated worldwide to...
Xfinity Streampix is an online on demand media streaming service offered by Comcast that launched on February 23, 2012, with shows from ABC, NBC, Scripps,...
NBC Sports Chicago (formerly Comcast SportsNet Chicago) is an American regional sports network that broadcasts regional coverage of professional sports...
The Comcast Technology Center is a supertall skyscraper in Center City Philadelphia. The 60-floor building, with a height of 1,121 feet (342 m), is the...
Comcast Business is a subsidiary of Comcast, which, through several iterations, has handled the sales, marketing, and delivery of internet, phone, and...
The Comcast Network (TCN) was an American cable television network which was carried mostly on Comcast and Xfinity cable systems in four states and 20...
sports network group Comcast SportsNet, rebranding as Comcast SportsNet Bay Area on March 31, 2008. CSN Bay Area became the first Comcast SportsNet-branded...
Fox Sports Networks and Sky were divested and sold off to Sinclair and Comcast, respectively. On November 6, 2017, CNBC reported The Walt Disney Company...
2010, Comcast SportsNet Mid-Atlantic split its website into two regional websites, and rebranded them as "Comcast SportsNet Baltimore" and "Comcast SportsNet...
On December 3, 2009, telecommunications company Comcast announced its intent to acquire mass media company NBC Universal from General Electric (GE). The...
division of NBCUniversal, a subsidiary of Comcast. The headquarters of NBC is in New York City at the Comcast Building. NBC also has offices in Chicago...
battle between NFL Network and Comcast, with the ruling in favor of Comcast; the NFL Network later appealed the ruling. Comcast sent NFL Network a cease-and-desist...
division of Universal Studios, which is owned by NBCUniversal, a division of Comcast. Founded in 1912 by Carl Laemmle, Mark Dintenfass, Charles O. Baumann,...
13 12 11 10 9 8 7 6 5 4 3 2 1 30 Rockefeller Plaza (officially the Comcast Building; formerly RCA Building and GE Building) is a skyscraper that forms...
Bay Area. As a result, Comcast created a new regional sports network to broadcast the team's games; the network launched as Comcast SportsNet West in October...
owned by the NBC Sports Group division of NBCUniversal, a subsidiary of Comcast. Founded in Birmingham, Alabama, it is currently based out of NBC Sports'...
television channel owned by the NBCUniversal Media Group division of Comcast's NBCUniversal. It was originally launched in 1977 as Madison Square Garden...
agreeing to a $1 billion contract with Comcast, which included a 77.307% ownership interest in the network (with Comcast holding the remaining 22.693% interest)...
second largest cable company in the United States by revenue behind only Comcast, operating in 29 states. Its corporate headquarters were located in the...