Comcast

Comcast Corporation is the biggest cable television company, the second biggest Internet service provider and the third-biggest telephone company in the United States.^[9][10][11]

Comcast Corporation

Logo used since January 11, 2024
Comcast Center The Company Headquarters in Philadelphia, Pennsylvania
Company type	Public company
Traded as	NASDAQ: CMCSA NASDAQ-100 component S&P 100 component S&P 500 component NASDAQ: CMCSK (1987-2015)[1][2]
Industry	Telecommunications Mass media
Founded	June 28, 1963; 62 years ago (1963-06-28) Tupelo, Mississippi, United States
Founder	Ralph J. Roberts Daniel Aaron[3] Julian A. Brodsky
Headquarters	Comcast Center, Philadelphia, Pennsylvania , United States
Area served	Worldwide[4]
Key people	Brian L. Roberts (Chairman & CEO) Michael Cavanagh[5] (Senior Executive Vice President, CFO) David L. Cohen (Executive Vice President)
Products	Broadband Broadcasting Cable television Digital telephone HDTV Home Security Systems Internet Movie production Sport management Theme parks TV production Venture capital VoIP phone
Revenue	US $ 74.51 billion (2015)[6]
Operating income	US $16.00 billion (2015)[6]
Net income	US $8.16 billion (2015)[6]
Total assets	US $166.57 billion (2015)[6]
Total equity	US $52.27 billion (2015)[6]
Number of employees	153,000 (Dec 2015)[7]
Divisions	Comcast Cable NBCUniversal[8] Sky
Subsidiaries	Midco (49%) Comcast Interactive Media Comcast Spectacor Comcast Ventures AEON (company)
Website	corporate.comcast.com

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.