Comcast Corp Stock Price, News & Analysis

Comcast announces the premiere of the docuseries Founding in Color on September 9, 2021, airing on its Black Experience on Xfinity. This three-part series features nine Black and Latino founders discussing their personal journeys as entrepreneurs amidst race, identity challenges, and the recent global pandemic. The initiative aims to empower viewers by sharing diverse stories and promoting entrepreneurship in underrepresented communities. Comcast underscores its commitment to showcasing authentic Black and Latino narratives.

Comcast is expanding its broadband network in Preston County, West Virginia, with a project covering approximately 31 miles and reaching around 470 homes and businesses. The upgrade will allow Xfinity services access, including Internet Essentials for low-income families at $9.95 per month. This initiative follows a previous expansion in 2019 that served over 800 homes. Comcast has invested more than $15 billion in its national network and aims to connect over 48,000 low-income West Virginia residents through its Internet Essentials program, committing $1 billion for future connectivity efforts.

On September 22, 2021, Brian L. Roberts, Chairman and CEO of Comcast Corporation (Nasdaq: CMCSA), will participate in the Goldman Sachs 30th Annual Communacopia Virtual Conference. The event is set for 8:00 A.M. Eastern Time. A live webcast will be accessible on the Company's Investor Relations website. Afterwards, an on-demand replay will be available. Comcast is a leading global media and technology company, serving 57 million customer relationships across the U.S. and Europe through its Xfinity and Sky brands.

On September 14, 2021, Mike Cavanagh, CFO of Comcast Corporation (NASDAQ: CMCSA), will participate virtually in the BofA Securities 2021 Media, Communications & Entertainment Conference.

The event's live webcast will be available on the Company's Investor Relations website at www.cmcsa.com at 9:25 A.M. Eastern Time. An on-demand replay will follow shortly after the presentation.

Comcast Business announced it will acquire Masergy, a leader in software-defined networking and cloud platforms, enhancing its service offerings for global enterprises. The acquisition aims to drive growth among U.S.-based clients with multi-site operations. Masergy serves over 1,400 customers in nearly 100 countries, providing solutions like Managed SD-WAN and UCaaS. While the financial terms remain undisclosed, this move is expected to strengthen Comcast Business’s position in the enterprise market and improve service delivery.

JFF and Comcast NBCUniversal have announced a $500,000 partnership aimed at enhancing economic opportunities for Black learners and workers in technology. The initiative will focus on identifying effective practices and policies to improve educational and career outcomes. Currently, Black individuals represent 12.4% of the U.S. population but only 7.4% of the tech workforce. The partnership is part of Comcast's broader commitment to digital equity, which includes a $1 billion pledge to bridge the digital divide.

FreeWheel, a Comcast Company (NASDAQ: CMCSA), released its U.S. Video Marketplace Report for H1 2021, highlighting significant consumer viewership trends. Key findings include a 50% year-over-year increase in ad views, with streaming services now accounting for 45% of these. Connected TV (CTV) is the leading platform, representing 60% of total ad views. Additionally, programmatic transactions grew by 84% year-over-year, making up 24% of premium video ad views. The report outlines how entertainment programming dominates the video ecosystem, capturing 92% of ad views.

Comcast has successfully completed network expansion to deliver gigabit broadband in Sullivan County, impacting 1,315 homes and businesses. Further expansions are planned in five additional Pennsylvania counties, aiming to connect nearly 3,400 rural households. The company has already invested over $15 billion since 2017 to enhance its national network. New broadband access is expected to greatly benefit residents' educational and professional opportunities, with Comcast's offerings including low-cost Internet Essentials and high-speed internet up to 1.2 Gbps.

Comcast and ViacomCBS have announced a partnership to launch SkyShowtime, a new subscription video on demand (SVOD) service, in over 20 European territories, reaching 90 million homes. Set to debut in 2022, pending regulatory approval, SkyShowtime will offer over 10,000 hours of premium content from brands like SHOWTIME, Nickelodeon, and Paramount. This joint venture aims to leverage both companies' strengths to create a compelling family-friendly streaming experience across Europe, with further details on the subscription model to be revealed later.