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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