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Broadband Is “Absolutely Still a Growth Business” Despite Near-Term Challenges, Charter CFO Says

Broadband internet is “absolutely still a growth business,” the CFO of cable giant Charter Communications told an investor conference on Wednesday. “There is a lot of potential to continue to grow” beyond expanding the company’s broadband footprint, Jessica Fischer said during the 24th annual Credit Suisse Communications Conference in a session that was webcast. She […]

Comcast, Paramount’s European Streaming Venture SkyShowtime Names Jon Farrar Head of Programming

SkyShowtime, the European streaming joint venture of Comcast and Paramount Global, has named Jon Farrar, who has served in key roles at BBC commercial arm BBC Studios, head of programming. Farrar led the direct-to-consumer programming strategy at the company as global VOD director and editor in chief of North American SVOD service BBC Select. Paramount […]

Sky Studios Names Meghan Lyvers Director of Original Drama, U.K. and Ireland

Sky Studios, Comcast-owned Sky’s content production arm, has named Meghan Lyvers to the role of director of original drama, U.K. & Ireland as the unit “targets a significant increase in the investment and scale of Sky original drama.” She is expected to join Sky Studios in late summer and will relocate from Amsterdam to London, […]

Comcast CFO: Theatrical Window “Flexibility” Makes Film Business “More Valuable”

Comcast has a high bar when it considers possible acquisitions or mergers, especially when they would take the conglomerate’s NBCUniversal or other businesses into new areas, Comcast CFO Michael Cavanagh told an investor conference on Tuesday. Asked about potential NBCU deal partners outside its traditional entertainment businesses, a reference to recent reports that the Comcast […]

Top Cable TV Execs Talk Recession Fears Amid Pay Subscriber Declines

As media industry watchers debate the impact of a possible recession, top cable TV execs discussed whether they see boom or gloom ahead during appearances at an investors conference on Wednesday. Dave Watson, president and CEO of Comcast Cable, argued small and medium sized businesses have bounced back from the COVID-19 crisis, only to face […]

Comcast and Charter Reveal Top Exec For Their Big Nationwide Streaming Bet

Charter Communications and Comcast has picked Marcien Jenckes to lead their recently-unveiled 50:50 joint venture to launch a next-generation streaming platform on varied branded 4K streaming devices and smart TVs. Jenckes has served as president of advertising for Comcast Cable since 2017. In his new role, he will develop the nationwide streaming platform and its […]

Sky CEO Sees Opportunity in “iPhone Model,” Touts Growth in Original Content Spending

Sky will continue to expand its original content spending and is betting on iPhone-like revenue opportunities thanks to new technologies, such as a recently launched broadband-powered TV set, which offers monthly payment plans, CEO Dana Strong told a conference in London on Thursday. Discussing Sky’s focus on growing its original content, with past hits such […]

A “Roku Killer” or Something Less Ambitious? Behind Comcast and Charter’s Streaming Bet

When cable giants Comcast and Charter Communications unveiled a joint venture that aims “to develop and offer a next-generation streaming platform on a variety of branded 4K streaming devices and smart TVs” on April 27, the deal attracted attention across Wall Street and beyond. The goal is to build on Comcast’s Flex streaming product to […]

Charter CEO: Password Sharing “Diminishes the Value of Content for Everybody”

Password sharing, which streaming giant Netflix is looking to crack down on, is hurting the value of content across the media industry, Tom Rutledge, chairman and CEO of cable operator Charter Communications, said on Friday. “We knew it is a problem,” the executive said on the company’s first-quarter earnings conference call. “It is not just […]

Despite Netflix’s Stumble, Hollywood’s Streaming Content Spend May Increase in Near-Term

Amid speculation about whether the market is finally oversaturated, Wall Street does not expect major streaming services to cut back on content spending — at least in the near future.  After losing 200,000 subscribers, reporting slower revenue growth and giving guidance that it’s expecting to lose an additional 2 million subscribers next quarter, Netflix CFO […]

NBCU’s Peacock Adds 4M Paid Subs to End First Quarter With More Than 13M and 28M Monthly Active U.S. Accounts

Peacock, the streaming service of Comcast’s entertainment unit NBCUniversal, reached more revenue, but its loss widened in the first quarter, while NBCU overall grew its earnings, Comcast disclosed in its latest financial report on Thursday. The company also shared on an earnings call that Peacock added 4 million paid subscribers in the first quarter to […]

Comcast, Charter Team to Develop Nationwide Streaming Platform

Cable giants Comcast and Charter Communications said on Wednesday that they have formed a 50:50 joint venture “to develop and offer a next-generation streaming platform on a variety of branded 4K streaming devices and smart TVs.” The venture will offer app developers, streamers, retailers, operators and hardware manufacturers “the opportunity to reach customers in major […]