Comcast

American multinational telecommunications and media conglomerate

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2025 Planned completion of the tax-free spin-off of cable networks, pending regulatory approval. Concurrent organizational changes include Donna Langley's promotion to head Entertainment & Studios and Matt Strauss becoming chairman.
2024 Comcast signs a deal with Starlink to provide satellite-based connectivity to business customers in regions with limited network access.
November 20 2024 Comcast officially approved the spin-off of its cable networks, creating a separate entity including USA Network, CNBC, MSNBC, Oxygen, E!, Syfy, Golf Channel, and digital properties like Fandango and Rotten Tomatoes.
October 31 2024 Mike Cavanagh announced on the company's third-quarter earnings call that Comcast would consider spinning off its cable networks.
September 2024 Marc Caputo reported that Comcast made a $50,000 donation to the anti-abortion PAC Florida Freedom Fund.
May 21 2024 Comcast announced Xfinity StreamSaver, a streaming bundle combining Peacock, Netflix, and Apple TV+ for Xfinity customers, promising over 30% savings.
2023 Comcast and Disney agreed on a deal for Comcast to sell its 33% stake in Hulu, with the streaming service valued at $27.5 billion. Part of the proceeds were to be used for Comcast share buybacks.
2022 Comcast announced it would provide up to $10,000 in travel money for employees in states with tight abortion restrictions to receive abortion care.
2022 Revenue reaches $121.400 billion, but net income drops significantly to $5.370 billion, with 186,000 employees.
2022 Comcast reported annual earnings of US$15.4 billion, representing a 6.2% decrease from the previous year, while simultaneously achieving a 4.3% increase in annual revenue.
December 2022 Comcast achieved another reduction in total CO2e emissions, reaching 1,978 kilotonnes, demonstrating a consistent commitment to reducing its carbon footprint.
November 2022 Comcast and Charter announced the joint venture would use the Xumo name, rebranding Xumo, Xfinity Flex, and XClass TV as Xumo Play, Xumo Stream Box, and Xumo TV respectively.
June 20 2022 Comcast acquired Levl, an American-Israeli startup developing device authentication technology, for an estimated $50 million. The company subsequently announced plans to establish its first development center in Israel.
April 2022 Comcast and Charter Communications announced a joint venture to create a 'next-generation streaming platform', with Comcast contributing Xfinity Flex, XClass TV, and Xumo businesses.
2021 NBCSN (NBC Sports Network) was discontinued.
2021 Strong recovery with revenue increasing to $116.385 billion and workforce rebounding to 189,000 employees.
December 2021 Comcast further reduced its total CO2e emissions to 2,071 kilotonnes, continuing its downward trend in carbon emissions.
November 2021 Comcast signed a deal to carry the ACC Network after previous resistance.
October 19 2021 Comcast announced 'XClass TV', a line of smart TVs manufactured by Hisense and powered by the X1 software platform used by its cable services.
June 2021 The Supreme Court rejected Comcast's petition for review in an anti-trust lawsuit by Viamedia, Inc.
January 6 2021 It is revealed that the Rule of Law Defense Fund, which Comcast previously supported, provided funding to the Save America March that led to the attack on the U.S. Capitol.
2020 NBCUniversal and Sky Group began preparations to launch an international news channel called NBC Sky World News, initially scheduled for summer 2020.
2020 Comcast's third-quarter net profits fall 37% to $2.02 billion, partly due to COVID-19 pandemic impacts on theme parks and limited capacity measures.
2020 Comcast contributes $200,000 to the Rule of Law Defense Fund, a fundraising arm of the Republican Attorneys General Association.
2020 Slight revenue decline to $103.564 billion during the COVID-19 pandemic, with workforce reduced to 168,000 employees.
December 31 2020 Comcast reported total CO2e emissions of 2,291 kilotonnes, representing a 9.8% reduction compared to the previous year's emissions of 2,540 kilotonnes.
August 2020 Plans for NBC Sky World News were scrapped due to the COVID-19 pandemic, resulting in layoffs of 60 employees.
February 25 2020 Comcast acquired Xumo, a free ad-supported streaming television (FAST) service, for an undisclosed amount. The service was integrated into the Comcast Cable division.
January 25 2020 The Minnesota lawsuit was settled, with Comcast ordered to refund 15,600 customers and provide debt relief to 16,000 others.
2019 Universal Pictures took over distribution of DreamWorks Animation films, starting with How to Train Your Dragon: The Hidden World after DreamWorks Animation's previous distribution deal with 20th Century Fox ended.
2019 Crossed $100 billion in revenue for the first time, with $108.942 billion and 190,000 employees.
2018 Revenue continues strong growth, reaching $94.507 billion with 184,000 employees.
2018 Comcast completed construction of the Comcast Technology Center, which became Pennsylvania's tallest skyscraper, located adjacent to its original headquarters in Philadelphia.
December 21 2018 Minnesota State Attorney General Lori Swanson filed a lawsuit against Comcast for overcharging and unauthorized billing.
November 7 2018 Comcast completed the Sky merger, making it a wholly owned subsidiary and division of Comcast.
October 2018 Comcast became the parent company of Sky Group after acquiring stakes previously owned by 21st Century Fox.
September 26 2018 Fox sold its 39% stake in Sky to Comcast for $15 billion in cash.
September 25 2018 Comcast bought a 30% stake in Sky plc.
September 22 2018 Comcast outbid 21st Century Fox for Sky plc, raising its bid to $40 billion.
July 16 2018 CNBC reported Comcast was unlikely to continue bidding for Fox assets, preferring to focus on acquiring Sky.
June 13 2018 Comcast officially announced a $65 billion counter-offer to acquire 21st Century Fox's assets.
May 7 2018 Comcast announced a potential $60 billion cash counter-bid against Disney's Fox acquisition.
February 27 2018 Comcast offered to purchase a 61% stake in Sky plc for approximately £22.1 billion.
February 5 2018 CNBC reported Comcast was considering topping Disney's Fox acquisition offer after the AT&T-Time Warner deal antitrust review.
December 11 2017 Comcast officially dropped its bid for 21st Century Fox, citing insufficient engagement.
November 16 2017 Comcast attempted to purchase 21st Century Fox, competing with Disney's earlier negotiation for the same assets.
April 6 2017 Comcast officially announced Xfinity Mobile, its new wireless service developed through the partnership with Verizon Wireless, expanding its service offerings to potentially include a quintuple play with home security.
February 2017 The National Advertising Review Board ordered Comcast to stop claiming it has 'America's fastest internet' and 'fastest in-home Wi-Fi'.
2016 Substantial growth in revenue to $80.403 billion and significant workforce expansion to 159,000 employees.
December 9 2016 21st Century Fox announced an agreement to buy the remainder of Sky, pending government approval, following a previous attempt affected by the News International phone hacking scandal.

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