Comcast Corp - CMCSA STOCK NEWS

Comcast (NASDAQ: CMCSA) announced plans to create a new publicly traded company through a tax-free spin-off of select NBCUniversal cable networks. The new company (SpinCo) will include networks like USA Network, CNBC, MSNBC, and digital assets such as Fandango and Rotten Tomatoes. Mark Lazarus will serve as CEO and Anand Kini as CFO/COO.

SpinCo generated approximately $7 billion in revenue over the last twelve months and will reach about 70 million U.S. households. The transaction is expected to complete in approximately one year, subject to regulatory approvals and other conditions.

Comcast's Xfinity is launching an interactive entertainment destination for Universal Pictures' Wicked movie ahead of its November 22 theatrical release. Available across Xfinity X1, Xumo Stream Box, and Xumo TV, the platform offers fans an immersive experience including an interactive Oz timeline, behind-the-scenes content, music, and themed watchlists. Features include Elphaba and Glinda-inspired customization options, access to the movie soundtrack, trailers, and Stingray Karaoke singalongs. The destination, accessible via voice command, will continue to expand with exclusive cast and crew interviews as the premiere approaches.

NBCUniversal achieved significant recognition at the 34th Annual EMA Awards, securing three awards for environmental messaging in media productions. The company won awards for Twisters (Feature Film), Hacks (Paul Junger Witt Comedy Award), and Top Chef (Reality Series). Additionally, NBCUniversal earned a record-breaking 17 Green Seals and 32 Gold Seals for sustainable production practices.

The company's commitment to sustainability was highlighted through their Sustainable Production Standards, which focused on reducing fuel emissions and materials conservation. Notable achievements include 65% of all NBCU EMA Seal recipients earning Gold Seals, and the first-ever recognition of a sports production - the NBC Olympics broadcast of Paris 2024.

Comcast (CMCSA) has partnered with Indiana state offices to invest $55 million in bringing high-speed Internet access to over 10,000 rural homes and businesses across seven counties. The expansion follows Comcast's previous $500 million network investment in Indiana over the last three years. The project will serve unserved and underserved communities in Boone, Morgan, Shelby, Miami, Delaware, Fayette and Rush counties. Pre-construction work has already begun in several counties, with plans to offer comprehensive services including Xfinity Internet, Mobile, X1, and Home security solutions. The company currently operates over 49,000 miles of fiber-rich network infrastructure across Indiana.

Comcast and Xfinity have released a new short film titled 'Stay Connected to Your Dreams' to promote Universal Pictures' upcoming release of Wicked on November 22. The film features stars Cynthia Erivo and Ariana Grande, chronicling their journeys from childhood to landing their roles as Elphaba and Glinda.

The short film, directed by Wicked's cinematographer Alice Brooks, includes easter eggs from both the film and Broadway show. Notably, it will be the world's first 4DX advertisement, showing in Regal Theatres with synchronized motion seats and environmental effects.

Comcast has expanded its accessibility offerings at its Philadelphia headquarters with a new Sensory-Friendly Room at the Comcast Center, designed in partnership with The Arc of Philadelphia. The public spaces at the Comcast Center Campus have been designated a Certified Autism Center by the International Board of Credentialing and Continuing Education Standards (IBCCES). The room features custom sensory devices including bubble tubes, color-changing floor tiles, and fiber-optic waterfalls. It's free and open to both employees and the public Monday to Friday from 10 a.m. to 5 p.m. Staff and security ambassadors have received specialized training to serve autistic and neurodivergent visitors.

Comcast NBCUniversal has been recognized as a 2024 Leading Disability Employer by the National Organization on Disability (NOD) for excellence in disability inclusion practices. The award acknowledges the company's performance across strategy, talent sourcing, workplace culture, and accessibility initiatives.

The company's commitment is demonstrated through various programs including the MyAbilities Employee Resource Group, disability inclusion training, and ASL interpreter services at Universal theme parks and Xfinity stores. Notable innovations include the Xfinity Large Button Voice Remote and live audio description for Olympics and Paralympics broadcasts.

The recognition was announced during National Disability Employment Awareness Month (NDEAM) and was based on data from the NOD Employment Tracker™ assessment tool.

Xumo, a streaming platform joint venture between Comcast and Charter, has partnered with Target to offer Hisense Xumo TVs nationwide. The 4K UHD smart TVs will be available in 55" and 65" models, priced at $249.99 and $359.99 respectively. With this addition, Xumo TVs will be available in nearly 8,000 retail locations across the U.S., representing almost 75% of all smart TV sales in the country. The TVs feature Dolby Vision HDR, HDR10 technology, and voice remote functionality, offering access to hundreds of streaming apps including Apple TV+, Disney+, Max, Netflix, and others.

Comcast (Nasdaq: CMCSA) has announced its Board of Directors' declaration of a quarterly dividend of $0.31 per share on the company's common stock. The dividend will be paid on January 29, 2025, to shareholders recorded as of the close of business on January 8, 2025.