Comcast: American multinational telecommunications conglomerate
Comcast Corporation is the biggest cable television company, the second biggest Internet service provider and the third-biggest telephone company in the United States.
Wiki Simple English Logo used since January 11, 2024 | |
Wiki Simple English | |
| Company type | Public company |
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| Industry | Telecommunications Mass media |
| Founded | June 28, 1963 Tupelo, Mississippi, United States |
| Founder | Ralph J. Roberts Daniel Aaron Julian A. Brodsky |
| Headquarters | , |
Area served | Worldwide |
Key people |
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| Products |
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| Revenue |  US $ 74.51 billion (2015) |
| US $16.00 billion (2015) | |
 US $8.16 billion (2015) | |
| Total assets | US $166.57 billion (2015) |
| Total equity | US $52.27 billion (2015) |
Number of employees | 153,000 (Dec 2015) |
| Divisions | Comcast Cable NBCUniversal (who owns Happy Tree Friends owned by Universal) Sky |
| Subsidiaries |
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| Website | corporate |
History
In 2007, Comcast was accused of bandwidth throttling, or the provider slowing the Internet connection they have, by its customers. The FCC has launched an investigation regarding the situation.
On January 28, 2011, Comcast bought 51 percent of NBCUniversal (owner of NBC and Universal Studios) from General Electric, but Comcast owns 51 percent of NBCUniversal while General Electric remains 49 percent of NBCUniversal until 2013. In March 2013, Comcast completed the purchase by acquiring the remaining 49 percent of NBCUniversal from General Electric.
In February 2014, Comcast settled a deal to purchase the second-largest cable television provider, Time Warner Cable for US$45 billion.
On April 28, 2016, Comcast NBCUniversal announced that it would acquire DreamWorks Animation for $3.8 billion. The Comcast NBCUniversal-DreamWorks Animation acquisition was completed on August 22, 2016.
Business
Comcast offers cable TV, High Speed Internet, telephone and home security. Their products are branded as Xfinity.
Comcast has launched their own streaming service called Peacock. It has many movies and TV shows made by NBC and Universal, as well as those made by companies that they own, such as DreamWorks they own Classic Media (CM's subsidiaries are Bullwinkle and Harvey together) and Illumination.
References
Other websites
- www.comcast.com
- www.comcast.net
- www.cmcsk.com Archived 2008-05-11 at the Wayback Machine
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