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Showing posts with label Comcast. Show all posts
Showing posts with label Comcast. Show all posts

Tuesday, May 14, 2024

Comcast To Launch Peacock, Netflix And Apple TV+ Bundle At A 'Vastly Reduced Price'

Get ready for the next cable-like streaming bundle: Comcast later this month will launch a three-way bundle — with Peacock, Netflix and Apple TV+ — offered at a deep discount, Comcast chief Brian Roberts said.

Dubbed StreamSaver, the bundle will be available to all Comcast broadband, TV and mobile customers, Roberts said, speaking Tuesday at MoffettNathanson’s 2024 Media, Internet and Communications Conference in New York.

The three streaming services, Peacock, Netflix and Apple TV+, will “come at a vastly reduced price to anything available today,” Roberts said, although he didn’t reveal any pricing details. The goal is to “add value to consumers” and “take dollars out” of other companies’ streaming businesses, he added, while reinforcing Comcast’s broadband service offerings.

“This will be a pretty compelling package,” Roberts promised.

Last week, Disney and Warner Bros. Discovery announced a three-way bundle comprising Max, Disney+ and Hulu, to be available starting this summer in the U.S. (with pricing TBA). In addition, Disney, WBD and Fox Corp. have formed a joint venture to launch a streaming sports bundle stocked with ESPN+ and linear TV networks from each, slated to debut this fall. Critics have alleged the venture, which some have dubbed “Spulu” (a mash-up of “sports” and “Hulu”), is anticompetitive and violates antitrust law.

Like the other streaming bundling strategies, Comcast’s forthcoming Peacock, Netflix and Apple TV+ package is an effort to reduce cancelation rates (aka “churn”) and provide a more efficient means of subscriber acquisition — coming as the traditional cable TV business continues to deteriorate.

Saturday, November 11, 2023

Warner Bros. Discovery Looking To Acquire Assets Of Companies Flirting With Or For Filing For Bankruptcy, Hints At The Demise Of Paramount Global And NBCUniversal

Chief Executive David Zaslav and board member John Malone both made comments this week suggesting the company is paying down debt and building up free cash flow to set up acquisitions in the next two years of media businesses suffering from diminished valuations.

The targets could be companies flirting with or filing for bankruptcy, Malone said in an exclusive interview with CNBC on Thursday. While U.S. regulators may frown at large media companies coming together because of overlaps with studio, cable or broadcasting assets, they'll be much more forgiving if the companies are struggling to survive, Malone told David Faber.

"I think we're going to see very serious distress in our industry," Malone said. "There is an exemption to the antitrust laws on a failing business. At some point of distress, right, then some of the restrictions, they look the other way."

Media company valuations have been plummeting amid streaming video losses, traditional TV subscriber defections, and a down advertising market. This has affected Warner Bros. Discovery as much as its peers. The company's market valuation recently fell below $23 billion, its lowest point since WarnerMedia and Discovery merged last year. The company ended the third quarter with about $43 billion in net debt.

Warner Bros. Discovery is trying to position itself to be an acquirer, rather than a distressed asset, itself, by paying down debt and increasing cash flow, Zaslav said during his company's earnings conference call this week. Warner Bros. Discovery has paid down $12 billion and expects to generate at least $5 billion in free cash flow this year, the company said.

"We're surrounded by a lot of companies that are – don't have the geographic diversity that we have, aren't generating real free cash flow, have debt that are presenting issues," Zaslav said Thursday. "We're de-levering at a time when our peers are levering up, at a time when our peers are unstable, and there is a lot of excess competitive – excess players in the market. So, this will give us a chance not only to fight to grow in the next year, but to have the kind of balance sheet and the kind of stability ... that we could be really opportunistic over the next 12 to 24 months."


Still, Warner Bros. Discovery also acknowledged it will miss its own year-end leverage target of 2.5 to 3 times adjusted earnings as the TV ad market struggles and linear TV subscription revenue declines.

Buying from distress
Malone has some experience with profiting from times of distress.

His Liberty Media acquired a 40% stake in Sirius XM over several years more than a decade ago, saving it from bankruptcy. Since then, the equity value of the satellite radio company has bounced back from nearly zero to about $5 per share. Sirius XM currently has a market capitalization of about $18 billion.

"It made us a lot of money with Sirius," Malone told Faber.

While Malone didn't name a specific company as a target for Warner Bros. Discovery, he discussed Paramount Global as an example of a company whose prospects seem shaky. Paramount Global's market valuation has slumped below $8 billion while carrying about $16 billion in debt.

Malone noted that Paramount's debt was recently downgraded. "I think that they're running probably negative free cash flow," he said.

Paramount Global's third-quarter cash flow was $377 million, and the company has forecast a return to positive free cash flow in 2024.

While Paramount Global shares have fallen precipitously since Viacom and CBS merged in 2019, there are signs the company is shoring up its balance sheet. CEO Bob Bakish said earlier this month Paramount Global's streaming losses will be lower in 2023 than 2022, and the company expects further improvement to losses in 2024. The company closed a sale for book publisher Simon & Schuster for $1.6 billion and will use the proceeds to pay down debt.

Paramount Global is one of the few assets that logically fits Malone's vision of a media asset that would have regulatory issues as an acquisition with potential distress concerns. Comcast's NBCUniversal, another potential merger partner, will lose more than $2 billion this year on its streaming service, Peacock, but the media giant is shielded by its parent company, the largest U.S. broadband provider.

"Warner Bros. [Discovery] now is making money. Not a lot, but they're making money," Malone said. "Peacock is losing a lot of money. Paramount is losing a ton of money that they can't afford. At least [Comcast CEO] Brian [Roberts] can afford to lose the money."

Paramount Global's controlling shareholder Shari Redstone is open to a transformative transaction, CNBC reported last month. Puck's Dylan Byers recently reported that industry insiders have speculated Warner Bros. Discovery might pursue an acquisition of Paramount Global after the 2024 U.S. presidential election.

A combination of NBCUniversal and Paramount Global also has strategic logic, but the combination of two national broadcast networks — Comcast's NBC and Paramount Global's CBS — would present a significant regulatory hurdle. Warner Bros. Discovery doesn't own a broadcast network, making an acquisition of CBS easier.

Spokespeople for Paramount Global and Warner Bros. Discovery declined to comment.

While Malone said all legacy media companies should be talking to each other about merger synergies, he acknowledged valuations may have to fall farther to get regulators on board with further consolidation. Malone predicted that could happen in the same timeline Zaslav gave — within the next two years.

"Eventually maybe there'll be regulatory relief," Malone said. "Out of distress usually comes the reduction in competition, increased pricing power, and the opportunity to buy assets at a deep discount."

Tuesday, January 24, 2023

Comcast, Parent Company Of NBCUniversal To Rollout Fourth Kids Brand In The UK, Sky Kids

Sky, a division of Comcast and in some way the UK version of NBCUniversal announced the rollout of Sky Kids bringing the total number of kids to 4 from February 2023.

As you may recall, NBCUniversal is responsible for conceiving the other 3 brands. DreamWorks being the eldest has been dominating the cinema circuit, Universal Kids the middle man is going through troubled times and the last Peacock Kids is still in daycare.

Sky Kids, the pay-tv children's channel sets out to be fourth edition to the trio exclusively in the UK. Home to ad-free 24-hour programming, the new channel will showcase quality Sky Originals and big names that kids love and parents can trust.

Some of the content announced include originals such as My Friend Misty, Ready, Eddie, Go!, Dino Club and The Very Small Creatures alongside other content like TrollsTopia, Where’s Wally, Madagascar a Little Wild, and Clifford The Big Red Dog.

Insidus Games:
Bugs Bunny & Lola Bunny: Operation Carrot Patch
Buzz Lightyear Star Command
Fix It Fun! Bob The Builder
Daffy Duck: Fowl Play

Lucy Murphy, Director of Kids Content at Sky said:

“We’re so excited to announce the launch of our brand-new linear channel. Millions of our customers already love watching our huge range of Original shows on-demand but families with younger kids have told us that watching on linear channels is an important part of their day; so, we’ve listened and expanded our Sky Kids offering at no extra cost.

“The new channel will have a whole breadth of brand new and much-loved shows for kids and families to enjoy and we can’t wait to reveal the full fantastic line-up of shows.”

Regular Nick:
- The Twisted Timeline Of Sammy And Raj to rollout on Nicktoons in Africa
Two current shows from Boomerang rolling out on the Cartoonito block across Africa
Moonbug Kids To Distribute New STEAM Focused Series, Ocean Explorers
New Bear Grylls series is coming soon to Da Vinci Kids

Monday, October 17, 2022

'G4', The American Version Of Britain's Ginx Esports To Go Dark Effective Immediately

Comcast Spectacor, the cable and entertainment giant’s sports and esports division, told G4 TV employees Sunday that the gaming network was shutting down effective immediately. The decision has resulted in 45 staff members of G4 TV losing their jobs.

In a memo, obtained by the press, Comcast Spectacor chairman and CEO Dave Scott cited low viewership and said the network had not achieved “sustainable financial results.”

“Over the past several months, we worked hard to generate that interest in G4, but viewership is low and the network has not achieved sustainable financial results,” Scott wrote. “This is certainly not what we hoped for, and, as a result, we have made the very difficult decision to discontinue G4’s operations, effective immediately.”

Comcast Spectacor in July 2020 said it would reboot G4 TV, which NBCUniversal shut down in 2013 (after the network first launched in 2002). Russell Arons, the former Warner Bros., Machinima, EA and Mattel exec who joined G4 as president in September 2021, left the company two months ago.

The content studio and network officially returned to linear television on Nov. 16, 2021, after more than a year of the group releasing content online to test show new concepts. At launch, G4 TV was available Comcast’s Xfinity TV, Verizon Fios, Cox Communications and internet streaming service Philo. The network’s programming slate brought back fan-favorite legacy G4 shows like “Attack of the Show!” and “Xplay.”

In addition to Arons, Comcast Spectacor had hired two G4 alums: Brian Terwilliger, most recently at WWE and former producer for G4’s “Attack of the Show!”, joined as VP of programming and creative strategy. Blair Herter, who once worked on both “X-Play” and “Attack of the Show!”, had come on board as Comcast Spectacor’s VP of content partnerships and brand development.

G4 had established its own broadcast studio in Burbank, Calif., outfitted for professional esports gameplay. The roster of talent for the short-lived network include returning G4 hosts Kevin Pereira and Adam Sessler; esports personalities Alex “Goldenboy” Mendez (host of NBC’s “The Titan Games”), Ovilee May and Froskurinn; WWE Superstar Xavier Woods (aka Austin Creed); YouTube personalities Kassem G, Jirard “The Completionist” Khalil and Gina Darling; Twitch streamers Fiona Nova and Will Neff; livestreamer CodeMiko; and a “degenerate rat-puppet” named Ratty.

G4’s shutdown was first reported by Deadline.
Read Scott’s Sunday email to G4 staffers:
October 16, 2022

Team:
As you know, G4 was re-introduced last year to tap into the popularity of gaming. We invested to create the new G4 as an online and TV destination for fans to be entertained, be inspired, and connect with gaming content.

Over the past several months, we worked hard to generate that interest in G4, but viewership is low and the network has not achieved sustainable financial results. This is certainly not what we hoped for, and, as a result, we have made the very difficult decision to discontinue G4’s operations, effective immediately.

I know this is disappointing news, and I’m disappointed, too. I want to thank you and everyone on the G4 team for the hard work and commitment to the network. Our human resources team is reaching out to you to provide you with support, discuss other opportunities that may be available, and answer any questions you may have.

Thank you again for all of your hard work for G4.
Sincerely,
Dave Scott
Chairman and CEO
Comcast Spectacor


 

Monday, September 19, 2022

Comcast Wants to Buy Warner Bros. Discovery, Merge With NBCUniversal

In a breakdown of the financial struggles Warner Bros. Discovery is currently facing by The Hollywood Reporter, an interesting piece of information emerged: Comcast has its eye on acquiring the struggling company and merging it with NBCUniversal. While the unification of Warner Bros. with Discovery seemed to be a beneficial one for all involved, things have quickly gone south. From the cancellation of Batgirl and Scoob: Holiday Haunt to the purging of numerous films and shows on HBO Max to massive layoffs, Warner Bros. Discovery's birth was quickly met with bad press and a legion of angered creatives. The highly publicized moves by new CEO David Zaslav saw WBD's stock plummet, and that's reportedly what has so enticed Comcast.

Per THR, Comcast CEO Brian Roberts is eagerly awaiting April 2024, when the legal hurdles preventing the purchase of WBD will be out of the way. Of course, the merger of two massive media companies would still face numerous antitrust concerns, but it wouldn't be impossible for the companies to join together. "Obviously, Peacock sucks," said an unnamed executive familiar with both companies about NBCUniversal's current streaming service. "There are some good synergies. I'm sure [Roberts] is licking his chops because the [WBD] stock is so low. And I think that's Zaslav's endgame. Get the place sold."

Warner Bros. Discovery Is in Financial Trouble
Zaslav has indeed proved shrewd as the head of the new company, with every indication that Batgirl was ultimately shelved as a write-off. What's more, the HBO Max purge is reportedly saving the company millions, money that's sorely needed as it faces $50 million in debt.

"People feel like it's Comcast for sure," said another source. "It's going to be so depressing to lose another major studio [after Disney bought Fox]. And Warners was the Tiffany studio."

The coalescing of Disney and Fox saw similar cancellations and concerns about creative freedom moving forward, and the merger between two more powerful film and television studios would provide creators with even fewer options. But Warner Bros. Discovery insists a sale isn't its endgame. "We are building Warner Bros. Discovery for the long term," a spokesperson said.

Either way, the next two years will present plenty of challenges for the new company and its divisive CEO as they struggle to fix a tainted reputation, win back creatives, and turn DC Films into a viable rival to Marvel Studios.

Friday, August 20, 2021

Prediction: G4 Expands Across The UK, Europe And South Africa Through Ginx Esports TV


G4 is an upcoming gaming brand from NBCUniversal which is scheduled to released by the end of the year in the United States and serves as a rival to SPI International's Gametoons and a spinoff to Sky's Ginx Esports TV.

The revived brand will feature new episodes of past series such as Attack Of The Show!, X-Play, G4TV Esports and Ninja Warrior. They'be even greenlit a new series which stars WWE superstar, Xavier Woods.

Even though, there hasn't been any indicator to a possible rollout it's very likely that it will launch under Ginx Esports TV since Sky is owned by Comcast that also manage NBCUniversal International.

It's also possible that some of the content seen on Ginx Esports TV will be scrapped for 'localised version' of G4's upcoming content seeing as both channels have original content in their respective markets.

Comcast recently partnered up with ViacomCBS International to rollout a new streaming service across Europe called SkyShowcase which will see the best of Peacock and Paramount+ rollout under one brand.

Read Also:
- Disney+ will be launching in South Africa next year
- Star might be replacing FOX sooner than expected
- Utsav might be replacing the Star Channels in Africa
TNT Africa might rebrand into Warner TV Africa
Discovery and WarnerMedia could launch a joint streaming service
Is a new kids brand on the way through Warner Bros. Discovery?
tvN working to become a permanent brand in Africa
Disney Channel and Disney+ greenlit several African animations
Boomerang might be discontinued

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