Comcast
Transcript: - DISH offers a package with TV, Internet, and Phone - Internet & phone is provided by different parties -Emphasis on a total home DVR package & partnership with Blockbuster Home. -They promote the HOPPER- total home DVR - Like Dish, DTV offers a bundle package -TV, Internet, & Phone - Phone & Internet are from different parties- Genie for total home DVR - Partner with Verizon Wireless for Internet & phone - Also offer bundles - No current specific promotion area- Offer “intelligent home” for home security system 1986 - Industry-wide bailout of Turner Broadcasting System - Doubles size with purchase of Group W Cable - Now reaching over 1 million customers. 1988: - Up to over 2 million subscribers - 5th largest company - Enters telecommunications world -AmCell - Competitors in cell phone business - Sevices New Jersey - Robert's family propels financial results - Stock splits 12 times between 1971-2004 - Decides against mergers 1990 - Brian L. Roberts elected President - International unit extends to Cambridge and Birmingham - Already reaches London with a prior purchased franchise 1991 - Deal with Metromedia Company & spent $1.1 billion for Metrophone 1992 - Establishes joint company tripling potential market to 7.3 million 1994 - Acquires Maclean Hunter’s cable operations - $1.27 billion- Adds over 1/2 a million customers; - Now 3rd largest cable operator - Already owned 15% of QVC - Buys network for about $2.5 billion - Ends a potential CBS-QVC merger. 1995 - Increases share in QVC to 57%- Continues to own company majority until 2004- Announces purchase of E.W. Scripps Co. - Stock swap of $1.575 billion- An additional 800,000 customers brings Comcast’s holding base to 4.3 mil 1996 - $250 million to acquire 66% share in Comcast-Spectacor, L.P. - Sports venture with O&Os: - NHL Philadelphia Flyers - NBA Philadelphia 76ers - First Union Spectrum - First Union Center. - Announced formation of a regional sports channel - Comcast SportsNet. 1997 - Partners with the Walt Disney Company - Acquires a majority interest in E! Entertainment Television - A 40% controlling interest- Bill Gates invests $1 billion in Comcast. - Microsoft wanted a cable partner to test interactive television & high-speed computer services - Comcast was one of country’s most technologically advanced.- 70% of Comcast customers converted to a new hybrid fiber-coaxial technology - More reliable: improved signal & able to deliver more services - Revenues of $4.91 billion - $2.083 billion (or 42.4%) from content operations - $2.073 billion (42.2%) from cable - $444.9 million (9.1%) from cellular 1998 - Gains over 1.5 million subscribers by acquiring Jones Intercable, Inc. & Prime Communications - Sells U.K. cable operations for $600 million in stock - Relinquishes their $397 million debt 1999 - Comcast Cellular is sold to SBC Communications of San Antonio, TX for $1.7 billion.- Purchases Greater Philadelphia Cablevision, Inc. - Covers 79,000 cable Philadelphia customers.- Announces $60 billion merger with MediaOne -It is terminated - Receives $1.5 billion termination fee announcing an agreement to acquire 2 million AT&T subscribers. 2000 - Acquires Lenfest Communications, Inc. reeling in 1.3 million cable subscribers 2001 - Finishes acquisition of select AT&T Broadband cable systems in 6 states adding 595,000 customers - General cable shares lose 57% value and Comcast's shares fall nearly 34% 2002 - Makes HD television & video-on-demand service available- Begins covering 21 million video customers in 38 states - 6.3 million digital video customers - 3.3 million high-speed data customers - 1.3 million cable phone subscribers)- Becomes nation's largest cable operator with 22 million subscribers - Nearly double of AOL Time Warner Inc.- Cable subscribers, broadband users, & a modest programming business means the new Comcast contained the key components of a media empire. 2004 - Talks of acquiring Aldephia Communications - 5th largest cable company in the U.S. 2005 - Purchases Susquehanna Communications cable systems - Gains 225,000 video subscribers 2006 - Joint partnership with Time Warner fizzles - Gains systems in Houston, TX adds 1.7 million subscribers - Forms Business Services & provides Internet & voice services for small businesses with less than 20 employees. - Annual revenue for this year is $265 million. 2007 - Acquires Patriot Media - Adds 81,000 video subscribers- Broadens offerings for small businesses - Launches video service 2008 - Announces 8 billion On Demand views- Launches new speed for Business Class Internet - Download speeds of 50 Mbps - Upload 10 Mbps.- Activated its first cell backhaul tower 2009 - XfinityInternet 2go wireless service now available - Launches a 100Mbps Internet speed for businesses - In talks of acquiring NBC Universal 2010 - Rebranded its cable TV, Internet, & phone services to XFINITY. - Acquires New Global Telecom, one of nation’s largest wholesale hosted and trunk-based VoIP solutions providers -