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TV Operators Team Up to Simplify Fragmented Ad Market
  + stars: | 2021-06-17 | by ( Alexandra Bruell | ) www.wsj.com + 0.00   time to read: +4 min
Advertisers that once spent the bulk of their budgets on national and local TV ads are struggling to reach elusive consumers who favor streaming services and digital media. The ad business has long dreamed about the growth of addressable advertising in traditional TV. Advertisers patch together ad deals with different cable and satellite providers, but some have found it more costly and time consuming than just running a national TV ad and capturing a combination of desired and undesired viewers. Now these operators and TV businesses are faced with growing competition from streaming services that offer precise ad targeting without regional constraints. The new consortium is one of many groups working on advancing an antiquated TV ad business that faces declining traditional TV viewers.
Persons: Larry Allen, Mr, Allen, , , Alexandra Bruell Organizations: Comcast Corp, Communications Inc, Altice, Inc, Dish Media, Vizio Inc, Comcast Advertising, Comcast
International Olympic Committee (IOC) Vice President and Tokyo 2020 Olympic Games Coordination Commission Chairman John Coates arrives at Haneda Airport in Tokyo, Japan June 15, 2021. REUTERS/Issei KatoOlympics organisers prepared on Tuesday to unveil their latest "playbook" of rules to control COVID-19 infections as Japan's government pondered whether to extend a state of emergency and senior Olympics official John Coates arrived in Tokyo. Organisers' rules already mandate wearing masks by athletes and others in most situations and frequent testing for COVID-19. Just under one-third wanted the Games cancelled while 61% wanted either a cap on spectators or no spectators at all. Organisers have already decided against allowing spectators from abroad and will make a call on domestic spectators later this month.
Persons: John Coates, Issei Kato, Yasutoshi Nishimura, Japan's, Tamayo Marukawa, Yoshihide Suga, Jeff Shell, Moon Jae, Suga Organizations: Olympic Committee, REUTERS, Olympics, International Olympic Committee, Games, Pfizer Inc, Kyodo, IOC, NHK, Comcast Corp, Yomiuri, South, Thomson Locations: Tokyo, Japan, Tokyo . Coates, Seoul, South Korea
NBCUniversal CEO says Tokyo Olympics could be most profitable ever for company
  + stars: | 2021-06-14 | by ( Helen Coster | ) www.reuters.com sentiment -0.99   time to read: +2 min
REUTERS/Pawel Kopczynski/File PhotoNBCUniversal Chief Executive Jeff Shell said on Monday that the upcoming Tokyo Games could be the most profitable Olympics in NBC’s history. Every Olympics has an issue that people worry about in the run up to the Games, Shell said. In March 2020, NBCUniversal said it had sold more than $1.25 billion in national advertising for the Tokyo Olympics, a record for any broadcaster for the event. Shell on Monday said the company had officially completed its advertising sales “upfront,” which he said was the strongest in the history of NBCUniversal. On June 7, the company said it will air an "unprecedented" 7,000 hours of coverage for the Tokyo Games across its multiple television networks and streaming platform Peacock.
Persons: Pawel, Jeff Shell, ” Shell, Shell, , NBCUniversal Organizations: Tokyo Olympic Games, REUTERS, Credit, Communications Conference, Games, Tokyo, Tokyo Games, Tokyo Olympics, Comcast Corp, Thomson Locations: Tokyo, Japan, London
REUTERS/Mike BlakeViacomCBS Inc (VIAC.O) and Comcast Corp (CMCSA.O) can succeed without acquiring other businesses, IAC (IAC.O) Chairman Barry Diller said during a Reuters Newsmaker event Thursday. The media and Internet mogul, who helped found Fox Broadcasting Company, described competing with Netflix (NFLX.O), which would require significant investment, a "fool's errand" at this point. He described Comcast as being in a “fantastic position” with a cable and broadband business that hedges against NBCUniversal. “I don’t think they have to do anything,” he said of whether Comcast needs to spin off a business or get bigger. The Internet and media mogul brushed off concerns about Netflix’s debt burden.
Persons: Barry Diller, Mike Blake ViacomCBS, Diller, , ” Diller Organizations: IAC, Inc, Wall Street Journal, REUTERS, Mike Blake ViacomCBS Inc, Comcast Corp, Reuters, Fox Broadcasting Company, Netflix, Discovery Inc, Discovery, Warner Brothers Discovery, MGM, MGM Resorts International, Comcast, NBCUniversal, Thomson Locations: Laguna Beach , California, U.S
Mogul Diller says ViacomCBS, Comcast don’t need deals to succeed
  + stars: | 2021-06-10 | by ( Helen Coster | ) www.reuters.com + 0.95   time to read: +2 min
Barry Diller, Chairman and Senior Executive of IAC/InterActiveCorp and Expedia, Inc., speaks at the Wall Street Journal Digital conference in Laguna Beach, California, U.S., October 17, 2017. REUTERS/Mike BlakeViacomCBS Inc (VIAC.O) and Comcast Corp (CMCSA.O) can succeed without acquiring other businesses, IAC (IAC.O) Chairman Barry Diller said during a Reuters Newsmaker event Thursday. The media and Internet mogul, who helped found Fox Broadcasting Company, described competing with Netflix (NFLX.O), which would require significant investment, a "fool's errand" at this point. He described Comcast as being in a “fantastic position” with a cable and broadband business that hedges against NBCUniversal. The Internet and media mogul brushed off concerns about Netflix’s debt burden.
Persons: Barry Diller, Mike Blake ViacomCBS, Diller, , ” Diller Organizations: IAC, Inc, Wall Street Journal, REUTERS, Mike Blake ViacomCBS Inc, Comcast Corp, Reuters, Fox Broadcasting Company, Netflix, Discovery Inc, Discovery, Warner Brothers Discovery, MGM, MGM Resorts International, Comcast, NBCUniversal, Thomson Locations: Laguna Beach , California, U.S
Consumer finance startup Acorns to go public in over $2 billion SPAC deal
  + stars: | 2021-05-27 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
(Reuters) -Acorns Grow Inc said on Thursday it was going public through a merger with blank-check company Pioneer Merger Corp in a deal valuing the savings and investing app at about $2.2 billion. Launched in late 2014, Acorns helps users invest in stocks and bonds and operates on a subscription-based model. Shares of Pioneer Merger were up nearly 3.6% on Thursday. The special-purpose acquisition company (SPAC) raised about $403 million in an initial public offering earlier this year. SPACs are shell companies that raise funds via a listing to acquire a private company to take it public, allowing such targets to sidestep a traditional IPO.
Organizations: Reuters, Merger Corp, Greycroft, TPG, BlackRock Inc, PayPal, BlackRock, Comcast Corp, Comcast, CNBC, U.S . Securities, Exchange Commission, Acorn Holdings Inc, Nasdaq, OAKS Locations: United States, The Irvine , California
Fox News to Stream Some of Prime-Time Lineup
  + stars: | 2021-05-25 | by ( Benjamin Mullin | ) www.wsj.com sentiment -0.99   time to read: +2 min
Fox News said Tuesday that it would make some of its most popular prime-time shows available on its Fox Nation streaming service shortly after airing live, the cable network’s biggest move so far to attract new subscribers to its digital platform. Fox Nation’s new offering, called “Fox News Primetime All the Time,” will include on-demand versions of opinion programs such as “Tucker Carlson Tonight,” “Hannity” and “The Ingraham Angle,” available the morning after they air on the Fox News cable channel. Instead, other cable news channels have opted to stream content that is similar to their traditional TV shows. Fox Nation, which was launched in 2018, also features original programming. Users can also register for the Fox Nation app using their cable subscription.
Persons: “ Tucker Carlson, ” “ Hannity, Ingraham, Peacock, Rachel Maddow, Joy Reid, CNBC’s Shepard Smith, Tucker Carlson, Nancy Grace, , , Friends ”, Brian Kilmeade Organizations: Fox News, Fox Nation, Fox, “ Fox, cannibalizing, Comcast Corp, Street Journal, CNN, Friends
LOS ANGELES—At a multiplex here Wednesday, Arnold Schwarzenegger led a pep rally for big-screen films ahead of the summer movie season. We are back!”The fact that moviegoing—a more than $11 billion-a-year domestic business pre-Covid-19—needed a pep rally speaks to Hollywood’s odd reality these days. It both wants people to rush back to the movies and watch them at home via streaming services. Most American multiplexes are open ahead of a summer moviegoing season that could become a referendum on the future of the business. This weekend, Comcast Corp.’s latest “Fast & Furious” installment, “F9”—distributed by Universal Pictures—opens in major international markets, including China.
Persons: Arnold Schwarzenegger, , Universal Pictures —, Walt, Emma Stone Organizations: ANGELES, T Inc, Comcast Corp, Universal Pictures, Walt Disney Co, Paramount Pictures Locations: California, China, U.S
(Reuters) - McDonald’s Corp was sued on Thursday for at least $10 billion by two companies owned by media entrepreneur Byron Allen, who accused the fast-food chain of racial discrimination for not advertising enough with Black-owned media outlets. The complaint said Blacks comprise about 40% of McDonald’s customers, but the company devoted less than $5 million of its $1.6 billion U.S. ad budget in 2019 to Black-owned media. Allen sued on the same day McDonald’s said it would boost its national ad spending with Black-owned media to 5% from 2% by 2024, and also spend more on Hispanic-, Asian-American, women- and LGBTQ-owned platforms. In April, General Motors Corp pledged to advertise more with Black-owned media, after Allen and other entrepreneurs took out full-page newspaper ads accusing the automaker of ignoring those media. A former stand-up comic and co-host of the NBC reality TV show “Real People,” Allen also sued Comcast Corp for $20 billion in 2015 over its refusal to carry his channels.
Persons: Byron Allen, Mike Blake, McDonald’s, , Allen, ” McDonald’s, ” Allen Organizations: Reuters, McDonald’s Corp, REUTERS, Superior, Allen’s Entertainment Studios Networks, Group, Black, General Motors Corp, NBC, Comcast Corp, U.S, Supreme, Comcast Locations: Encinitas , California, Los Angeles, Chicago, Black, America
It will include streaming services such as HBO Max and Discovery+, which are growing, but still significantly smaller than Netflix and Disney+. HBO and HBO Max have 63.9 million global subscribers. Discovery has 15 million global streaming subscribers, most of them for Discovery+. DEAL FRENZYDiscovery’s global footprint will help WarnerMedia’s international expansion once the deal closes in mid-2022. Those deals helped propel Disney’s launch of its Disney+ streaming services in November 2019, which quickly exceeded expectations, reaching 10 million sign-ups in its first day.
Persons: Brendan McDermid, Rupert Murdoch, , John Stankey, HBO Max, Rich Greenfield, ViacomCBS, WarnerMedia, Zaslav, , Bob Iger Organizations: New York Stock Exchange, REUTERS, Time Warner, Netflix, Disney, Discovery Inc, Hollywood, Viacom, CBS, Netflix Inc, Walt Disney Co, Eurosport, T, HBO, Planet, CNN, Food Network, Discovery, ViacomCBS Inc, Comcast Corp, LightShed Partners, Comcast, Major League Baseball, National Basketball Association, National Hockey League, Turner Sports, Olympic Games, Fox Inc, Pixar Animation Studios, Marvel Entertainment, , Wars, Lucasfilm, Disney’s, Paramount, CBS News, Showtime, MTV Networks, Nickelodeon, Comedy Central, Thomson Locations: New York, U.S, United States, Europe, Latin America, Caribbean, United Kingdom, Poland
AT&T’s Hollywood Ending Erased Billions in Value
  + stars: | 2021-05-17 | by ( Drew Fitzgerald | Joe Flint | Benjamin Mullin | ) www.wsj.com sentiment -1.00   time to read: +1 min
Three years ago, AT&T Inc. executives were in a federal courthouse fighting the Justice Department to defend their takeover of Time Warner Inc., a more than $80 billion foray into the entertainment business. AT&T won the court battle, but lost in the marketplace. Now, at the behest of Chief Executive John Stankey, the telecom giant is giving up its dreams of marrying media content and distribution—one of the biggest about-faces in corporate deal history. All told, the two reversals erased tens of billions of dollars of equity value, as AT&T cut deals to exit its investments and shed debt. AT&T said the full value of the media transaction includes not just the equity value but also the cash AT&T will receive for divesting itself of the business.
Persons: John Stankey, Ma Bell Organizations: T Inc, Justice Department, Time Warner Inc, T, HBO, CNN, TNT, TBS, Warner Bros, Discovery Inc, DirecTV, Comcast Corp, Inc, Netflix Inc
WarnerMedia-Discovery Merger Sets Up Rivals for Big Decisions
  + stars: | 2021-05-17 | by ( Lillian Rizzo | ) www.wsj.com sentiment -1.00   time to read: 1 min
AT&T Inc.’s WarnerMedia and Discovery Inc. decided they needed each other to compete in the streaming-driven entertainment world. It is a marriage of two media companies seeking to protect themselves from the decline of traditional pay-TV and bulk up the content libraries for their streaming-video services. Other media companies face similar pressures. “I think this will set something off in the media landscape,” said Neil Begley, an analyst at Moody’s Investors Service, about the merger agreement. “There’s companies out there without a dance partner and don’t have enough scale.”The transaction turns a spotlight on Comcast Corp. and ViacomCBS Inc.
Persons: , Neil Begley Organizations: T Inc, Discovery Inc, HBO, TNT, Warner Bros, Moody’s Investors Service, Comcast Corp, ViacomCBS Inc
Wayfair Inc. spent two years courting Kelly Clarkson as a spokesperson before it was able to clinch the deal thanks to an unusual middleman: Comcast Corp.’s NBCUniversal. Newsletter Sign-up CMO Today CMO Today delivers the most important news of the day for media and marketing professionals. PREVIEWNBCU aims to play a similar liaison role between other celebrities and brands, a move that comes as ratings for traditional TV keep falling. The strategy reflects a movement toward fewer, longer-term TV ad deals as the continuing decline of traditional TV ratings pressures networks to think up new options for advertisers. Marketers, meanwhile, are looking for new ways to get in front of consumers as they watch less traditional TV.
Persons: Kelly Clarkson, , Clarkson, Courtney Lawrie, Wayfair’s, Peacock, Meghan Trainor, Ms, Trainor, Josh Feldman, , Lawrie, NBCU, Mark Marshall, ” Mr, Feldman, Alexandra Bruell Organizations: Wayfair Inc, Comcast Corp, Wayfair, NBC, Bravo, MSNBC, Peacock, Walt Disney Co, ViacomCBS Inc, Fox Corp Locations: USA, NBCU
Activist fund Engine No.1 has taken aim at Exxon's board and decision making in the first major shareholder contest to make climate change the leading issue for choosing directors. The ISS recommendation in favor of three of the four directors put forward by Engine No.1 is the second from a proxy adviser. Pensions & Investment Research Consultants (PIRC) published its view on Wednesday, backing all four Engine No.1 candidates. Engine No.1 can credibly claim a portion of the credit for that, ISS said in its report. Exxon and Engine No.1 are spending at least $65 million in the fight for Exxon's future direction.
Persons: Loren Elliott, Gregory Goff, Kaisa, Alexander Karsner, Darren Woods, Jeffrey Ubben, Michael Angelakis, Tan, Wan Zulkiflee, Ariffin Organizations: Exxon, REUTERS, Services, Exxon Mobil's, Pensions & Investment Research Consultants, CNBC, ExxonMobil, Legal, General Investment Management, Comcast Corp, Petronas, Thomson Locations: Houston , Texas, U.S, California, New York, Wan
U.S. to Help Needy Families Pay for High-Speed Internet
  + stars: | 2021-05-12 | by ( Ryan Tracy | ) www.wsj.com sentiment -0.97   time to read: +1 min
WASHINGTON—The federal government is launching a temporary $3.2 billion program to help needy American families pay for high-speed internet service, in what could also be a boon for telecommunications providers. The Emergency Broadband Benefit program opens for enrollment Wednesday and generally offers $50 a month to help eligible households pay their internet or mobile phone bills. Jeff Moore, principal at industry research firm Wave7 Research, said he expects carriers to capitalize on the program by seeking new customers and pushing upgrades to existing ones. “There will be a surge of orders and a surge of business for the carriers, so that’s a short-term positive for them,” he said. “It’s a $50 benefit per month, and who’s not going to like that?”
Persons: WASHINGTON, Jeff Moore, , , who’s Organizations: Broadband, Comcast Corp, T Inc, Dish Network Corp, Federal Communications Commission, Wave7 Research
Bumble’s Head of Product Design to Join Twitter
  + stars: | 2021-05-11 | by ( Katie Deighton | ) www.wsj.com + 0.00   time to read: +3 min
Lara Mendonça is set to join Twitter on June 14 as a senior manager of product design in the company’s “creation and conversations” team. “Her experience in design ethics, education and theory will be invaluable to Twitter,” said Joshua Harris, design director at Twitter. Ms. Mendonça, 29, joined Bumble Inc. to work on product design in September 2019. Ms. Mendonça will bring her vulnerability theory of design to Twitter as it introduces new tools to tackle trolling. “I’m a Twitter user myself and I’ve definitely seen a huge shift in the design mind-set at Twitter,” she said.
Persons: Lara Mendonça, , Joshua Harris, Mendonça, Bumble, Mendonça’s, daters, Jack Dorsey, , I’ve, Katie Deighton Organizations: Twitter Inc, Twitter, Bumble Inc, Sky, Comcast Corp Locations: British, Brazil, katie.deighton
There is no official start date for ad commitments to be made, and ad buyers talk with sellers year-round, but many negotiations start in earnest after programmers showcase their fall offerings in the spring. PREVIEWDespite the fact that fewer people are watching traditional cable and broadcast programming, demand for ads in popular shows remains robust. But continued uncertainty about the course of the pandemic has buyers pushing networks to keep flexibility clauses they secured last year, allowing for spending cancellations closer to programming air dates, ad buyers said. Some ad buyers have expressed concerns about whether the uptick in Covid-19 cases in Japan will disrupt this year’s summer Olympics, for example. Streaming’s shareDeclining audiences for traditional TV and the steep increase in streaming viewing will embolden some advertisers to shift dollars from broadcast and cable to ad-supported streaming TV services.
Persons: , Carrie Drinkwater, Geoffrey Calabrese, GroupM, “ You’re, Mr, Calabrese, Covid, NBCUniversal’s Peacock, Walt, HBO Max, ViacomCBS, Emily Prapuolenis, “ We’re, Mark Marshall, Peacock, Marci Raible, Raible, Drinkwater, Alexandra Bruell Organizations: Interpublic, Cos, North America, Omnicom Media, Omnicom, Inc, Walt Disney Co, ViacomCBS Inc, Paramount, HBO, T Inc, Pluto, Pluto TV, ViacomCBS, Comcast Corp, Campbell Soup Locations: Covid, Japan, ViacomCBS, Peacock
NBCUniversal Explores Streaming Its Sports Channels or Selling Them Off
  + stars: | 2021-05-06 | by ( Lillian Rizzo | ) www.wsj.com sentiment -1.00   time to read: +1 min
NBCUniversal has explored putting its regional sports channels on the streaming service Peacock or selling them off, as the company tries to figure out a future for a business under increasing stress, people familiar with the situation said. Early this spring, NBCUniversal planned to start streaming NBC Sports Philadelphia, which broadcasts the city’s pro basketball, baseball and hockey games, the people said. The goal was to be up and running in time for the Major League Baseball season that began in April. The plan was halted over concerns that it would conflict with the broader streaming strategy of NBCUniversal, a unit of Comcast Corp . NBCUniversal is still considering options for streaming its sports channels on Peacock, the people familiar with the situation said.
Persons: NBCUniversal Organizations: NBC Sports Philadelphia, Major League Baseball, Comcast Corp
Roku Reports 79% Jump in Revenue in Latest Quarter
  + stars: | 2021-05-06 | by ( Patience Haggin | Kimberly Chin | ) www.wsj.com + 0.00   time to read: +5 min
Roku Inc. ROKU -6.57% reported that first-quarter revenue surged 79% in the latest quarter as the streaming-media service continued to get a boost from homebound customers consuming more content during the Covid-19 pandemic. It makes most of its revenue by selling ads on streaming channels and taking a cut from streaming services’ subscription revenue and ad inventory. Photo illustration: Jacob Reynolds/WSJThe company’s revenue rose to $574.2 million for the March quarter, up from $320.8 million a year earlier. For the current quarter, Roku targeted revenue of $610 million to $620 million, above analysts’ current $550 million projection. The first quarter was the first full quarter in which Roku carried WarnerMedia’s streaming service HBO Max.
Persons: Roku, Jacob Reynolds, , Steve Louden, Roku’s, Louden, Scott Rosenberg, Standoffs, WarnerMedia, Peacock, HBO Max, Nielsen Holdings PLC’s, Haggin, Kimberly Chin Organizations: Roku Inc, Parks Associates, Disney, Analysts, YouTube, Google, Comcast Corp, T Inc, HBO, Roku, Quibi Holdings, Nielsen Holdings, Ventures, Corrections, Amplifications Locations: U.S, FactSet, kimberly.chin
NFL's Thursday Night Football to now stream on Amazon Prime Video from 2022
  + stars: | 2021-05-03 | by ( ) www.reuters.com sentiment -0.98   time to read: +1 min
Mandatory Credit: Kim Klement-USA TODAY Sports/File PhotoThe National Football League said on Monday it has moved up the date for Amazon's (AMZN.O) Prime video to exclusively stream Thursday Night Football, beginning with the 2022 season. "With this development, the 2021 season will be the last for Thursday Night Football on FOX", NFL said. Last year, regular-season NFL games averaged about 15.4 million viewers per game, down by about 7%, according to Nielsen. Earlier in March, NFL announced long-term media deals with Walt Disney Co's (DIS.N) ESPN and ABC networks, ViacomCBS Inc (VIAC.O), Fox Corp (FOXA.O) and Comcast Corp (CMCSA.O). read moreNFL also said as part of the deals signed, Fox will continue to produce the National Football Conference package of Sunday afternoon games.
Persons: Raymond James Stadium, Kim Klement, Walt Disney Organizations: NFL, Tampa Bay Buccaneers, Kansas City Chiefs, Raymond, National Football League, FOX, Nielsen, Walt Disney Co's, ESPN, ABC, ViacomCBS Inc, Fox Corp, Comcast Corp, Fox, National Football Conference, Thomson Locations: Tampa, FL, USA
U.S. will launch $3.2 billion temporary broadband subsidy May 12
  + stars: | 2021-04-29 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: 1 min
FILE PHOTO: Signage is seen at the headquarters of the Federal Communications Commission in Washington, D.C., U.S., August 29, 2020. REUTERS/Andrew Kelly/File PhotoWASHINGTON (Reuters) - The Federal Communications Commission said it will launch on May 12 a temporary $3.2 billion program to provide lower-income Americans with discounts on monthly internet service and on purchasing laptops or tablet computers. The discounts, which were funded by Congress, are worth up to $50 a month for internet service, and up to $75 on Tribal Lands. Consumers can get a one-time discount of up to $100 to purchase a device from participating providers if they contribute more than $10 and less than $50 toward the price. The FCC said earlier it had approved more than 300 companies, including AT&T Inc, Verizon Communications, T-Mobile and Comcast Corp -- to participate.
Persons: Andrew Kelly Organizations: Federal Communications Commission, Washington , D.C, REUTERS, WASHINGTON, Congress, Tribal Lands, Consumers, FCC, T Inc, Verizon Communications, Mobile, Comcast Corp Locations: Washington ,
Comcast’s Profit Soars Amid Broadband, Wireless Growth
  + stars: | 2021-04-29 | by ( Lillian Rizzo | ) www.wsj.com sentiment -0.96   time to read: +1 min
Comcast Corp. posted a 55% rise in first-quarter profit, buoyed by its broadband and wireless-phone units that continued to add more customers. The broadband unit, considered to be the centerpiece of Comcast’s business, added 461,000 new customers. Last year, during the height of stay-at-home orders in the beginning of the coronavirus pandemic, Comcast and its peers added record numbers of broadband customers. Earlier this year, Comcast and other cable broadband providers said 2020 was an anomaly and pointed out 2019 would be a sounder comparison for 2021 growth. He said he expected the number of broadband customers to grow by mid-single digits in percentage terms from 2019.
Persons: , Mike Cavanagh Organizations: Comcast Corp, Sky, Comcast Locations: Philadelphia
Comcast beats quarterly revenue estimates fueled by broadband demand
  + stars: | 2021-04-29 | by ( Eva | Mathews | Helen Coster | ) www.reuters.com sentiment -0.99   time to read: +1 min
FILE PHOTO: The Comcast NBC logo is shown on a building in Los Angeles, California, U.S. June 13, 2018. REUTERS/Mike Blake(Reuters) - Comcast Corp on Thursday reported quarterly revenue ahead of Wall Street estimates, buoyed by steady demand for its internet and wireless services due to remote work despite pandemic-related weakness in its theme park and film businesses. Revenue for the fourth-quarter rose 2.2% from a year earlier to $27.21 billion, beating analysts’ estimates of $26.70 billion, according to IBES data from Refinitiv. The company has also benefited from remote work and e-learning, which have driven demand for broadband and streaming video services. Comcast said it had 42 million sign-ups to its Peacock streaming service, which launched in July, up from 33 million last quarter.
Persons: Mike Blake, Peacock, Walt Disney Organizations: Comcast NBC, REUTERS, Comcast Corp, Revenue, FactSet, Comcast, Netflix Inc, NBC Entertainment, Universal Pictures Locations: Los Angeles , California, U.S
Discovery Inc., the company behind channels such as TLC, HGTV and Food Network, is sharing metrics for its new Discovery+ streaming service as it seeks to showcase the transformation of its television business to investors. “It is a different business model and we are coming up with metrics that are very different from traditional, linear metrics,” said Discovery Chief Financial Officer Gunnar Wiedenfels. The new metrics come as Discovery looks to offset a decline in its pay-TV business, which still generates the bulk of its revenue. “We are in the middle of a strategic pivot,” Mr. Wiedenfels said. In the coming months, Mr. Wiedenfels said he would be spending on content creation for the company’s streaming and linear television businesses.
Persons: , Gunnar Wiedenfels, Mr, Wiedenfels, haven’t, John Janedis, Janedis, ” Mr, Nina Trentmann Organizations: Inc, TLC, HGTV, Food Network, ViacomCBS Inc, Comcast Corp, Wolfe Research, Archegos Capital Management, Credit Suisse Group AG, Nomura Holdings Inc, UBS Group AG, Locations: U.S
NBCUniversal Hires Nielsen Executive to Expand Its Measurement Work
  + stars: | 2021-04-21 | by ( Sahil Patel | ) www.wsj.com + 0.00   time to read: +4 min
Comcast Corp.’s NBCUniversal has hired an executive from measurement giant Nielsen to help steer its effort to better show marketers the effectiveness of buying TV and digital ads across its properties. PREVIEWNBCUniversal spends more than $100 million annually on data and technology tied to One Platform’s advanced advertising, measurement and other capabilities, Mr. Bhatia said. The team at NBCUniversal overseeing One Platform’s technology and measurement work comprises more than 500 people. “The importance of measurement, data and identity is only accelerating day by day,” Mr. Bhatia said. Kelly Abcarian is joining NBCUniversal in the newly created role of executive vice president of measurement and impact.
Persons: NBCUniversal, Nielsen, Kelly Abcarian, Krishan Bhatia, Bhatia, ” Mr, Abcarian, Ven Sherrod, , Peacock, Sahil Patel Organizations: Comcast Corp, Advertising, U.S, USA Network, Bravo, MSNBC, YouTube, NBCUniversal, Universal Studios Locations: sahil.patel
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