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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 launched the largest landline voice implementation of the STIR/SHAKEN-based Verified Caller ID feature, aimed at combating illegal robocalls and caller ID spoofing. This feature will label authenticated calls as Verified [V], ensuring consumers know calls are legitimate. The rollout addresses the staggering 46 billion robocalls Americans received in 2020, helping protect users of Xfinity Voice and Comcast Business Voice. Comcast has a history of leading efforts in the industry against fraudulent calls, emphasizing its commitment to consumer safety.
FreeWheel, a Comcast Company, introduced the Data Warehouse feature for its Strata ad management platform, offering users consolidated insights into cross-media campaigns. This innovation aims to streamline access to data, addressing challenges advertisers face in analyzing fragmented campaign insights. The tool promises significant time savings for agency teams, enhancing campaign planning and optimization. Currently in beta with five agencies, it will fully launch in April, while future updates will include advanced analytic tools.
Xfinity Communities has launched its WiFi Ready service at Riverside Foundry, a new multifamily community in Marietta, PA. This solution offers pre-installed Xfinity WiFi gateways, allowing residents immediate Internet access without technician visits. Riverside Foundry includes 172 apartments and features such as a pet spa and clubhouse. Surveys show high-speed Internet is crucial for residents, and the WiFi Ready service simplifies the move-in process. The service aims to enhance digital connectivity for residents in today’s environment.
Comcast NBCUniversal LIFT Labs Accelerator, in partnership with Techstars, is accepting global startup applications until May 12, 2021, for its upcoming program starting in August 2021. This initiative focuses on Connected Living, Next Gen Entertainment, Future of Work, and Personalized Experiences. The program has supported 32 startups to date, with 75% securing partnerships within Comcast NBCUniversal. Participants will undergo a 13-week accelerator concluding with a Demo Day in November 2021, enhancing their business models and market strategies.
Comcast Corporation (NASDAQ: CMCSA) has launched the Comcast RISE Investment Fund, allocating $5 million in grants to support BIPOC-owned small businesses across five U.S. cities. These funds aim to aid those hardest hit by COVID-19, with $1 million specifically designated for Philadelphia and Chester. Eligible businesses can apply for $10,000 grants from March 1-14, 2021. Additionally, Comcast has partnered with community organizations, contributing over $2 million to provide outreach and mentorship, emphasizing the importance of financial access for BIPOC entrepreneurs.
Comcast has announced plans to provide free WiFi access at 20 community centers and parks in Oakland as part of its Lift Zones initiative. This program aims to support low-income students and families by ensuring they can participate in distance learning. Additionally, Comcast has contributed $100,000 to the City of Oakland Parks and Recreation Foundation and provided laptops and free Internet access for 12 months to eligible families. This effort is part of a broader initiative to bridge the digital divide in underserved communities, especially amidst the challenges posed by the COVID-19 pandemic.
On March 10, 2021, Mike Cavanagh, the Chief Financial Officer of Comcast Corporation (Nasdaq: CMCSA), will participate in Deutsche Bank’s 29th Annual Media, Internet & Telecom Conference.
The event will be webcast live at 9:00 A.M. Eastern Time, accessible via the Company's Investor Relations website. A replay will be available shortly after the presentation concludes.
For financial news alerts, visit the Comcast website to subscribe.
FreeWheel, a Comcast Company, has appointed Yuling Ma as its new chief technology officer. Ma will oversee the company’s technology platform, operations, and global engineering team. Previously the senior vice president of engineering at FreeWheel’s Beijing office, she aims to accelerate the company's strategic vision. Ma brings over 20 years of experience in software engineering and has a strong track record of innovation, including product development milestones. She holds degrees in computer science from Tsinghua University and will relocate to New York.
Comcast NBCUniversal has unveiled the 10 startups chosen for its inaugural SportsTech Accelerator, powered by Boomtown. Selected from over 1,000 applicants from 70 countries, these startups will address critical areas in sports technology, including media, fan engagement, and athlete performance. The program runs virtually for 12 weeks and features mentorship from industry leaders and a custom curriculum designed to enhance startup success. A Demo Day is scheduled for May 26, 2021, allowing participants to present their innovations to venture capitalists and executives.
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