Comcast

Comcast Corporation
Comcast
Formerly
  • American Cable Systems
    (1963–1968)
  • Comcast Holdings
    (1968–2000)
Company typePublic
Industry
FoundedJune 28, 1963 (1963-06-28)
Tupelo, Mississippi, U.S.
FounderRalph J. Roberts
HeadquartersComcast Center, ,
U.S.
Area served
Worldwide
Key people
Products
RevenueIncrease US$121.6 billion (2023)
Increase US$23.31 billion (2023)
Increase US$15.11 billion (2023)
Total assetsIncrease US$264.8 billion (2023)
Total equityIncrease US$83.23 billion (2023)
OwnerBrian L. Roberts (1% equity interest, 33% voting power)
Number of employees
186,000 (2023)
Divisions
Subsidiaries
ASN
  • 7922
Websitecorporate.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, stylized in all caps as COMCAST),[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
Comcast logo since 2024 NBCUniversal logo since 2011
1912Universal Pictures is founded
1926NBC is founded
1928Universal Cartoon Studios (later known as Universal Animation Studios) is founded
1943Universal Television is founded
1953NBC begins first compatible color broadcasts, preceding other networks by nine years
1956NBC's peacock logo debuts
1963American Cable Systems is founded
1964Universal Studios Hollywood opens
1967NBC broadcasts the first-ever Super Bowl
1968American Cable Systems rebrands to Comcast
1972Comcast began trading on the New York Stock Exchange (NYSE)
1975PolyGram Filmed Entertainment is founded
Universal releases Jaws
1982Universal releases E.T. The Extra Terrestrial
1983Sally premieres
1985Universal's Back to the Future premieres
1986General Electric buys NBC for $6.4 billion
NBC's modern peacock logo introduced
1989NBC launches CNBC
1990Sky is founded
Universal Studios Florida opens
Law & Order premieres
1991Universal releases Backdraft and Cape Fear
Jerry Springer and Maury both premiere
1992Dateline NBC premieres
1993Universal releases Jurassic Park and Schindler's List
Homicide: Life on the Street premieres
1994DreamWorks Animation is founded
New York Undercover premieres
1996NBC and Microsoft launch MSNBC
1998Seagram acquires PolyGram Filmed Entertainment
Universal Television becomes Studios USA Television
1999PolyGram Filmed Entertainment is folded into Universal Pictures
Universal Studios Florida expands to become Universal Orlando Resort
Law & Order: Special Victims Unit premieres
2001Grand opening of Universal Studios Japan
Universal releases The Fast and the Furious and A Beautiful Mind
Law & Order: Criminal Intent premieres
2002NBC acquires Telemundo and Bravo
Focus Features is formed
Comcast acquires AT&T Broadband for $44.5 billion
2003Universal becomes the first studio with five summer releases breaking the $100 million mark
2004GE and Vivendi merge NBC and Universal into NBCUniversal
2005Law & Order: Trial by Jury and The Office both premiere
Focus Features releases The Constant Gardener and Brokeback Mountain
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
2006USA Network begins 13-year streak as #1 cable network in total viewers
Focus Features releases Hollywoodland and Catch a Fire
2007Illumination is founded
The Steve Wilkos Show premieres
2010Universal releases Despicable Me
Law & Order: LA premieres
2011Vivendi divested in NBCU; Comcast buys 51% of NBCU from GE, turning it into a limited liability company
The name "PBS Kids" is dropped out from Sprout (Leaving the name "Sprout")
NBCUniversal Archives is founded
2012Universal celebrates its 100th anniversary
Chicago Fire premieres
2013Comcast buys GE's remaining 49% of NBCU
PBS sells Sprout to Comcast/NBCU
2014Comcast attempts to acquire Time Warner Cable for $45.2 billion
Chicago P.D. premieres
NBCUniversal reaches a new long-term deal with WWE
2015Chicago Med premieres
2016NBCU acquires DreamWorks Animation
2017Chicago Justice premieres
Sprout relaunches as Universal Kids
2018Comcast acquires Sky after a heated bidding war with 21st Century Fox
FBI premieres
2019NBCU acquires Cineo Lighting
Judge Jerry premieres
2020NBCU launches Peacock
FBI: Most Wanted premieres
2021Grand opening of Universal Beijing Resort
Law & Order: Organized Crime and FBI: International both premiere
2022Karamo and Lopez vs Lopez both premiere
2023Universal releases The Super Mario Bros. Movie, Ruby Gillman, Teenage Kraken and Oppenheimer
  1. ^ "Comcast bids for Disney". Retrieved November 5, 2016.
  2. ^ "CMCSK:US". Bloomberg News. Retrieved November 5, 2016.
  3. ^ "Archived copy". Archived from the original on July 18, 2018. Retrieved November 28, 2018.{{cite web}}: CS1 maint: archived copy as title (link)
  4. ^ "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)
  5. ^ IfM – Comcast/NBCUniversal, LLC. Institute of Media and Communications Policy Mediadb.eu (undated). Retrieved on June 11, 2015.
  6. ^ "People: Comcast Corp (CMCSA.OQ)". Reuters. Retrieved February 22, 2014.
  7. ^ "Comcast Corporation 2023 Annual Report (Form 10-K)". sec.gov. U.S. Securities and Exchange Commission. January 31, 2024.
  8. ^ "The Big 6 Media Companies". Retrieved August 7, 2022.
  9. ^ "The Global 2000 2023". Forbes. Archived from the original on January 29, 2024. Retrieved February 7, 2024.
  10. ^ Comcast 2008 Form 10-K Archived April 21, 2017, at the Wayback Machine, files.shareholder.com
  11. ^ Baccardax, Martin (October 25, 2018). "Comcast Tops Q3 Earnings Forecast After $40 Billion Sky Deal". TheStreet.
  12. ^ Consumerist (April 26, 2010). "Comcast Is Crowned Consumerist.Com's 2010 'Worst Company in America'" (Press release). PR Newswire. Retrieved March 31, 2014.
  13. ^ J.D. Power Releases 2008 Residential Television Service Satisfaction Survey. News.ecoustics.com. Retrieved on July 8, 2011.
  14. ^ Dara Kerr (March 20, 2014). "Netflix's Hastings makes the case for Net neutrality". Cnet. Retrieved March 31, 2014.
  15. ^ Modine, Austin. (January 21, 2009) "FCC fingers Comcast VoIP favoritism". TheRegister.co.uk. Retrieved on July 8, 2011.
  16. ^ Michael Hiltzik (August 23, 2013). "Cable monopolies hurt consumers and the nation". Los Angeles Times. Retrieved March 31, 2014.
  17. ^ "Congratulations to Comcast, Your 2014 Worst Company in America!". Consumerist. April 8, 2013. Retrieved January 16, 2015.
  18. ^ Paramore, Lynn Stuart (August 30, 2013). "Why Comcast is the Worst Company in America". Salon. Retrieved January 15, 2015.


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