Comcast and NBC Inching Closer to $30 Bln Deal?

comcast

General Electric and cable operator Comcast have been dancing around each other for months, with Comcast looking to expand its already-massive business by acquiring NBC’s movie and television operations in what would surely be a massive deal. How massive? According to Rueters and a report in the Wall Street Journal (subscription required) the companies have now agreed on a price: $30 billion to create a new, private company combining Comcast with NBC.

Although no deal is done, reports have Comcast controlling 51 percent of the new company, with NBC parent company General Electric owning the remaining 49 percent. However, both parties are reportedly talking about a deal that would have GE gradually selling its share of the joint venture to Comcast over a period of five to ten years, eventually leaving Comcast the sole owner.

The deal would include NBC’s broadcast television network as well as cable properties, which include channels like Bravo, Sci-Fi, and USA. NBC also owns major online sites like iVillage, and is a partner in the successful online video service Hulu. Comcast has been attempting to compete with Hulu via it’s own Fancast offering. Another variable in the deal is French media company Vivendi, which owns a 20 percent stake in NBC. Vivendi has reportedly been looking to unload its NBC stake for a while, but has yet to weigh in on a potential deal with Comcast.

Any merger between NBC and Comcast would require regulatory approval, a process that could take as much as a year. With an NBC acquisition, Comcast would be stepping into the same territory Time-Warner worked for years to get out of: being both a media distributor and a media creator. Carriers are required to maintain a neutral stance toward content, not granting favorable treatment to any one outlet or source over any other. If Comcast were to get in the business of producing its own shows and movies, there would be a natural tendency to want to leverage its broadcast, cable, and Internet operations to promote and monetize those offerings…and that would come at the expense of competitors.

Movies & TV

Disney completes its $71.3 billion purchase of 21st Century Fox

Now that Walt Disney Company has closed its $71.3 billion purchase of 21st Century Fox's movie and television assets, what does this future hold for franchises like X-Men, the Fantastic Four, The Simpsons, and the rest?
Movies & TV

'Prime'-time TV: Here are the best shows on Amazon Prime right now

There's more to Amazon Prime than free two-day shipping, including access to a number of phenomenal shows at no extra cost. To make the sifting easier, here are our favorite shows currently streaming on Amazon Prime.
Movies & TV

Stay inside this winter with the best shows on Hulu, including 'Legion'

It's often overwhelming to navigate Hulu's robust library of TV shows. To help, we put together a list of the best shows on Hulu, whether you're into frenetic cartoons, intelligent dramas, or anything in between.
Movies & TV

The best shows on Netflix right now (March 2019)

Looking for a new show to binge? Lucky for you, we've curated a list of the best shows on Netflix, whether you're a fan of outlandish anime, dramatic period pieces, or shows that leave you questioning what lies beyond.
Movies & TV

Stranger Things season 3 trailer goes full ’80s with a monstrous finale

The first trailer for Stranger Things season 3 has been released by Netflix, and it offers a peek at what the kids -- and adults -- of Hawkins, Indiana, have been up to since the otherworldly events of the second season.
Movies & TV

Tarantino goes back to 1969 with first Once Upon a Time in Hollywood trailer

Sony Pictures has released the first trailer for Once Upon a Time in Hollywood, the ninth film from Oscar-winning writer and director Quentin Tarantino, which stars Brad Pitt and Leonardo DiCaprio.
Home Theater

ESPN Plus scores the exclusive rights to UFC Pay-Per-View events

If MMA is your game, then ESPN Plus is now a very important player. The Disney-owned service locked up the exclusive rights to UFC Pay-Per-View events, a deal that will last through 2025 in the United States.
Home Theater

Dish TV customers can access up to 13 NCAA March Madness games in 4K

If you're a basketball fan looking to get your fix of NCAA Championship action in 4K, Dish TV will be airing up to 13 of the tournament games in the ultra high-def format, starting on Tuesday.
Home Theater

Cheer for your favorite NCAA team and Xfinity will respond with matching lights

Screaming at your favorite team just became a lot more rewarding thanks to Comcast's Xfinity voice remote and some special NCAA commands that set your smart lightbulbs to your favorite team's colors.
Movies & TV

Bill and Ted 3 finally faces the music once summer 2020 arrives

Wyld Stallyns Alex Winter and Keanu Reeves travel to the famed Hollywood Bowl to make a big announcement: Bill and Ted 3: Face the Music will begin filming very soon and it has a release date locked in.
Movies & TV

Stranger Things season 3 is coming! Here’s everything we know so far

With a sophomore season as strong as its first, Stranger Things is now moving on to season 3. Here's everything we've learned so far about the Netflix series' upcoming third season, premiering in July 2019.
Home Theater

Here’s what’s new on HBO and what’s leaving in April 2019

Whether you're a cable lifer or a staunch cord cutter, there's never been a better time to get down with premium TV. April 2019 brings Game of Thrones season 8, BlacKkKlansman, and Crazy Rich Asians to HBO.
Movies & TV

MoviePass returns to unlimited movies plan, but with plenty of restrictions

Troubled subscription-based movie service MoviePass is making headlines on a daily basis lately, and not in a good way. Here's a timeline of events for the company once described as Netflix for movie theaters.
Movies & TV

Quentin Tarantino’s Once Upon a Time in Hollywood: Everything we know so far

Quentin Tarantino's ninth feature film, Once Upon a Time in Hollywood, uses the infamous 1969 Manson Family murders as a backdrop to tell a story set in bohemian Los Angeles. Here's everything we know so far.