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Early trading suggests the cable-network spinoff is being valued conservatively, a signal that could matter in the Warner Bros. Discovery takeover battle.
After revamping its internet offerings in June, Comcast is now overhauling its Xfinity TV packages, which include new plan names and retooled pricing. Starting Wednesday, subscribers will now get the X1 4K TV box,
Comcast, NBC’s corporate parent will on January 2 spin off MSNBC, CNBC and a group of other businesses into a new company called Versant, the company revealed Wednesday. Comcast shareholders will receive one share of Versant Class A common stock or Versant Class B common stock for every 25 shares of Comcast Class A common stock or Comcast Class B common stock they hold,
Comcast spins off Versant Media, offering strong cash flow and value. Click here to learn about CMCSA's outlook, valuation, and spinoff strategy.
Amazon’s Luna cloud gaming service is coming to cable boxes from Comcast and Rogers. The Luna app is already available via web browsers, Fire TV devices, Fire tablets, and many smart TVs from Samsung and LG, and this new expansion will bring the service to “millions” more devices, according to Amazon.
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Comcast Board Approves Separation Of Cable Networks Into New Versant Media Group In January
Comcast’s Board of Directors said it’s board has approved the previously announced separation its cable television networks into a new company called Versant.
Comcast, which offers cable TV, phone, and internet services under its Xfinity brand, is doubling down on luring back cable TV customers who have increasingly cut the cord on service after the company enforced harsh changes that raised monthly bills.
Charter has made good on its promise to bring its regional Spectrum News channels to Xfinity TV customers in several states.
Comcast president Mike Cavanagh, in a post-mortem of the company's flirtation with buying Warner Bros., said the company's offer was light on cash relative to rivals Netflix and Paramount.