Comcast


Time Warner investment values Hulu at $5.8bn

Hulu has been valued at around US$5.83 billion (€5.18 billion) after Time Warner made a multi-million dollar investment in the US streaming service. Turner and Warner Bros. parent Time Warner paid US$583 million for a 10% stake in Hulu, which already counts 21st Century Fox, The Walt Disney Company and Comcast as part-owners. Former part […]

Comcast Ventures invests in VR studio Kite & Lightning

Comcast Ventures has invested in virtual reality studio Kite & Lightning, marking the latest in a string of bets in the VR space. Comcast Ventures’ Catalyst Fund contributed to Kite & Lightning’s US$2.5 million seed round, which was led by Raine Ventures and also included contributions from Social Capital, Outpost Capital, Boost VC and Jason […]

Comcast to launch pay-as-you-go Xfinity TV service

US operator Comcast has unveiled plans to launch Xfinity-branded pay-as-you-go TV and internet services later this year. Comcast said the Xfinity Prepaid Services will be available without a credit check or contract, with users able to ‘refill’ their subscription any time they want for either seven or 30 days. A one-time set-up fee will cover […]

Comcast strikes deal to buy up to 8m Arris shares

Comcast has struck a deal that could see it purchase up to 8 million Arris shares, based on the amount of products and services Comcast buys from the company. The ‘warrant and registration rights agreement’ allows Comcast to purchase between 1.0 million and 3.0 million Arris shares this year and between 1.0 million and 5.0 million next year. The […]

Landmark deal means Comcast will stream Netflix

US cable giant Comcast will stream SVOD service Netflix on its X1 set-top box, a move that signals a major thawing in the relationship between the two companies. Netflix will be offered to Comcast subscribers from later this year, marking Netflix’s biggest deal to date with a US cable or satellite provider. Comcast and Netflix […]

US service providers submit app plan to head off set-top proposal

US pay TV and cable operators have grouped together to propose an alternative app-based option in an attempt to head of the FCC’s plan to open up the set-top box market to competition. The operators, including Comcast, AT&T and representatives of cable association the NCTA have proposed an approach that would involve all large service […]

Comcast invests in ex-DreamWorks exec’s VR start-up

Comcast has led a round of investment in Spaces, a VR firm founded by entrepreneurs including Brad Herman, the former CTO of DreamWorks, the animation studio recently acquired by Comcast. The cabler’s investment arm, Comcast Ventures, led the US$3 million funding round. Spaces will be run by video games veteran Shiraz Akmal as CEO, alongside […]

NextVR and Live Nation to broadcast 360-degree concerts

Comcast and Time Warner-backed NextVR has partnered with Live Nation to broadcast hundreds of live music concerts and events using virtual reality (VR) technology. The first VR event to be covered as part of the deal will take place this summer, with the full schedule of events to be announced later this year. Viewers will […]

Comcast agrees US$3.8bn DreamWorks Animation buyout

Comcast’s NBCUniversal is buying DreamWorks Animation, in a deal valuing the cartoon studio around US$3.8 billion. A deal had been expected after news of advanced talks broke earlier this week. Family-focused DreamWorks will become part of Comcast’s entertainment arm, NBCU, following the agreement, which will significantly bolster Comcast in its bid to rival The Walt […]

Rovi sues Comcast for patent infringement

TV technology company Rovi is suing Comcast for alleged infringement of its patents and has accused the US service provider of continuing to use Rovi’s technology to power its TV service following the expiry of its fixed-term licence. Rovi has accused Comcast of infringement of 14 of its patents covering features including the implementation of […]

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