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Comcast Corporation, headquartered in Philadelphia, is the largest American multinational telecommunications and media conglomerate. With a core cable business servicing 63 million US homes and businesses, Comcast also owns NBCUniversal, Sky, CNBC, MSNBC, USA, Universal Studios, and more. Recently, Comcast announced a $1 million grant to The Arc of the United States to enhance digital equity and advocate for the IDD community.
Comcast has initiated construction of a new fiber network in Coral Springs, Florida, representing a multi-million-dollar investment. The project, which began last year, will provide thousands of homes and businesses access to Xfinity and Comcast Business services. The network will deliver speeds up to 1 Gbps for residential and 100 Gbps for business customers with symmetrical speeds.
Construction started in residential areas west of University Drive and is currently progressing near NW 49th Pl. and NW 89th Ter. The next phase will cover areas between Coral Ridge Dr. and Coral Springs Dr. The majority of the project is expected to be completed by late 2025.
The expansion includes Xfinity's full suite of products for consumers and Comcast Business solutions for organizations. The company also maintains its commitment to affordable internet access through its Internet Essentials program, which provides low-cost service and digital skills training to eligible households.
Paramount Global (PARA) and Comcast (CMCSA) have announced the renewal of their comprehensive distribution agreements. The multi-year deals ensure continued delivery of Paramount's broadcast, entertainment, news, and sports content across Xfinity platforms.
The agreement includes carriage of Paramount's networks such as CBS, BET, Comedy Central, MTV, Nickelodeon, and Paramount Network. Comcast subscribers will maintain access to streaming services including Paramount+, Pluto TV, and BET+. Additionally, Comcast gains rights to make Paramount+ with SHOWTIME available to qualifying Xfinity customers.
While the specific terms of the agreement remain undisclosed, both companies expressed satisfaction with the renewed partnership, emphasizing the importance of providing diverse content options to their audiences.
Xumo, the streaming platform joint venture between Comcast and Charter Communications, has expanded its partnership with Google TV Freeplay. Beyond distributing 160+ free ad-supported streaming TV (FAST) channels on Google TV Freeplay, Xumo will now monetize all these channels, which will be branded as 'provided by Xumo'.
This expansion allows advertisers to reach streaming audiences at scale by offering Google TV Freeplay channels alongside Xumo's premium inventory on Xumo Play, Xumo devices, and third-party inventory on other platforms. The move addresses the challenge of fragmentation in the television landscape, providing advertisers with a simplified point of entry to reach streaming audiences.
Xumo currently powers over 1,750 streaming channels across 20 entertainment platforms worldwide, including Google TV and Xfinity. The company continues to strengthen its advertising capabilities through its growing advertising team led by Ying Wang, General Manager of Xumo Advertising.
Comcast has announced Universal Ads, a groundbreaking TV advertising platform launching in Q1 that unifies premier media companies to simplify access to premium video advertising. The platform, powered by FreeWheel technology, partners with major companies including A+E, AMC Networks, DIRECTV, Fox , NBCUniversal, Paramount, Roku, and others.
The platform will offer Universal Ads Manager, a free self-service buying tool, direct access to premium video reaching over 90% of U.S. households, AI-powered creative production, and a marketing API. According to a 2024 study by Comcast Advertising, 50% of advertisers who minimally used TV advertising felt their social media ROI was diminishing, with 89% willing to try TV advertising.
The initiative aims to democratize TV advertising, making it accessible to businesses of all sizes while facilitating programmatic trading in the premium video space. Currently, while 75% of CTV ads are bought programmatically, only about 20% of premium video is transacted this way due to complexity and brand safety concerns.
Comcast (CMCSA) has announced it will host a conference call to discuss its fourth quarter and full year 2024 financial results on Thursday, January 30, 2025, at 8:30 a.m. ET. The company will release its earnings report earlier that morning. The conference call will be available live on Comcast's Investor Relations website, with a replay accessible from 11:30 a.m. ET the same day.
Comcast has announced a major network expansion project in Radford, VA, aiming to connect nearly 10,000 new homes and businesses to high-speed Internet services. The construction is underway, with the first connections expected in early 2025, bringing Xfinity and Comcast Business services to the area for the first time.
This expansion is part of Comcast's broader investment in Virginia, including projects in Lynchburg (12,000 homes), Christiansburg (13,700 homes), and Strasburg (3,300 homes). The network will provide gigabit Internet speeds with 99.9% reliability and built-in security features. The company will offer its full suite of Xfinity products including Internet, video, mobile, voice, and home security services, along with Comcast Business solutions for local enterprises.
Roku and FreeWheel have expanded their programmatic partnership, enabling Roku's premium inventory, including The Roku Channel, to be available to FreeWheel demand partners through Roku Exchange. The new real-time bidding integration allows programmatic platforms to access Roku's content, reaching over 85.5 million streaming households.
The partnership aims to break down silos across the supply chain and improve the CTV marketplace through interoperability, data collaboration, and signals. FreeWheel clients will gain access to inventory across Roku's app ecosystem and The Roku Channel, enabling advertisers to optimize and scale their campaigns alongside FreeWheel's premium inventory for enhanced ad-supported streaming experiences.
Comcast Business has announced an agreement to acquire Nitel, a Chicago-based managed services provider, from Cinven private equity firm. Nitel specializes in network-as-a-service (NaaS), providing advanced managed services and connectivity solutions to 6,600 enterprise customers across the U.S., particularly in financial services, healthcare, and education sectors.
The acquisition aims to enhance Comcast Business' capabilities in connectivity, global secure networking, and advanced technology, strengthening its position in managed services and expanding its enterprise customer base. Nitel's expertise in integrated managed network and security solutions, along with specialized cloud-based services, will complement Comcast Business' advanced connectivity portfolio.
Nex and Universal Products & Experiences have launched 'DreamWorks Kung Fu Panda: Train Like a Master', exclusively available on the Nex Playground console. The game features characters from the DreamWorks Animation films, including Po and the Furious Five, allowing players aged 6 and up to learn Kung Fu moves through five challenging game modes.
Players can train alongside movie characters, unlock new powers, and compete in The Arena as they progress from apprentice to master. The game joins Nex Playground's expanding library of family-friendly content, alongside partnerships with major brands like Hasbro, Mattel, and Sesame Workshop. The console is available for purchase through Amazon, Best Buy, Target, and Walmart online and select retail locations.
Comcast has completed a network expansion connecting over 2,400 new homes and businesses across six Minnesota cities - Cologne, Corcoran, Grant, Hugo, Rogers, and Stillwater Township. The expansion brings Xfinity and Comcast Business services, including Internet, mobile, entertainment, and security services to these communities for the first time.
The project is part of Comcast's broader investment in Minnesota, which includes over $525 million in technology and infrastructure over the past three years. Additional expansions in Chanhassen and Nowthen are underway and scheduled for completion in 2025. The network offers multi-gigabit Internet speeds with 99.9% reliability and built-in security features.
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