Comcast Corp - CMCSA STOCK NEWS

FreeWheel, a Comcast Company, has released the 10th anniversary edition of its U.S. Video Marketplace Report, highlighting viewer trends over the past decade. The analysis shows a drastic increase in connected TV usage, with CTV now representing 62% of all ad views. In H2 2020, overall ad views increased by 57% year-over-year. The report also emphasizes the rise of programmatic advertising, which accounted for 24% of premium video ad views. FreeWheel predicts continued growth in smart TVs and direct-to-consumer streaming.

Comcast NBCUniversal will premiere the documentary Twenty Pearls: The Story of Alpha Kappa Alpha Sorority, Incorporated® on March 26. This film will be available exclusively on the Black Experience on Xfinity Channel, accessible via X1, Flex, and mobile devices. The release is part of Comcast NBCUniversal's ongoing commitment to celebrate and elevate diverse voices and stories within the Black community. The documentary highlights the rich history and contributions of the Alpha Kappa Alpha Sorority.

Fox Corporation has partnered with FreeWheel, a Comcast Company, to introduce programmatic trading of addressable set-top box (STB) Video on Demand (VOD). This innovative collaboration allows advertisers to execute targeted campaigns within Comcast households for FOX content viewed on-demand, enhancing FOX's advertising capabilities that also include Tubi. The Trade Desk is the first demand-side platform to integrate with FOX's VOD inventory. This partnership aims to enhance television advertising by offering new transactional opportunities and increasing demand for premium content.

Comcast announced a $1 billion investment over the next decade to enhance its Internet Essentials program, aimed at closing the digital divide for low-income Americans. The initiative coincides with a 10-year Progress Report revealing that more than 10 million people have connected to home broadband. The funding will support various initiatives, including the Lift Zone program, computer donations, and grants for nonprofits. Comcast estimates this commitment will impact up to 50 million Americans, facilitating over 25 million hours of remote learning in 2021 alone.

Comcast Corporation (NASDAQ: CMCSA) announced that its subsidiary, NBCUniversal Enterprise, will redeem all outstanding Series A Cumulative Preferred Stock on March 26, 2021, for a total payment of $724.7 million. This includes 724,700 shares at a redemption price of $1,000 each, plus any unpaid dividends. After the redemption date, the Preferred Stock will no longer be deemed outstanding, with no further dividends payable. Payment details will be managed by Equiniti Trust Company, NBCUE's redemption agent.

NBCUniversal and the NFL have signed an 11-year extension for NBC Sports to continue airing Sunday Night Football, maintaining its status as primetime's No. 1 show for a decade. The agreement, beginning with the 2023 season, allows NBC and Peacock to stream all SNF games and will include broadcasting four of the next 13 Super Bowls. NBC will also air playoff games and expand its offerings with a virtual NFL channel on Peacock. This long-term deal can be terminated by the NFL on a one-time basis after seven years.

Comcast Corporation will hold a conference call on April 29, 2021, at 8:30 a.m. ET to discuss its first-quarter financial results. A press release detailing the results will be issued earlier that morning. Interested parties can participate by dialing (800) 263-8495 and using the conference ID 5168008. The call will be available for replay after 12:00 p.m. ET on the same day until May 6, 2021. Comcast, listed under the symbol CMCSA, is a leading global media and technology company with over 56 million customer relationships in the U.S. and Europe.

Comcast has opened a new Xfinity Store in Downtown Crossing, Boston, occupying 3,300 square feet. This marks the 25th store in the Greater Boston area, featuring interactive demonstrations of Xfinity services, which include Xfinity X1, Internet, and Comcast Business. The store aims to enhance customer experience for remote workers and learners, employing 14 staff members. The opening symbolizes Downtown Crossing's recovery from the pandemic and strengthens local economic ties. Enhanced safety protocols against COVID-19 are in place to protect customers and employees.