Company loses only 25,000 customers in the quarter versus 66,000 YAQ
Joining the chorus of quarterly earnings reports, Comcast has released its own figures. The company is reporting consolidated revenue for the second quarter increased 3.5 percent to $16.8 billion, with earnings per share at $0.76, a a 16.9 percent increase from the $0.65 reported in the second quarter of 2013.
Resulting company could have means to leverage control over the broadband pipe
In a memo from Dish Network's Senior Vice President and Deputy General Council Jeffrey Blum to the Federal Communications Commission (FCC), a series of meetings on July 7 indicate that the company has raised issues with the prospective merger of Comcast and Time Warner Cable. Believing that the combined business could utilize "choke points," it could leverage control over broadband to do harm.
Consumers agree that prices will rise, quality of service will drop
Customer rights group Consumer Reports has run a survey evaluating the public's opinion of the Time Warner Cable and Comcast merger, and the results strongly disapprove of the combined company. According to the survey, 56 percent of respondents oppose the merger, with 11 percent in favor. The remaining 33 percent had no strong opinion one way or another. However, most respondents still feel that the merger will have negative effects on consumers.
Peering deals seem to have little lasting effect on Netflix user speeds
After a bevy of consumer complaints were filed with the US Federal Communications Commission (FCC) against Verizon and Comcast regarding Netflix "throttling," the regulatory agency has begun looking into the problem. The FCC demanded, and has received, the terms of peering deals that Netflix made with both Internet giants, and will examine the issue to see if there is anything that can be done on behalf of consumers.
Service thought to be YouTube clone won't focus on user generated content
An article from Gigaom suggests that Comcast is looking to test its streaming platform by the end of the year. The idea of a Comcast streaming service was rumored to be under development by the company in March, but few details have been released since then. Comcast is looking to bring more focused content, hoping to retain audience attention with a variety of channels they already have rights to.
Secondary SSID will be enabled on 150,000 Comcast routers by end of June
Comcast subscribers in Houston will soon see a new secondary SSID broadcasting from their routers, as the company prepares to create more Wi-Fi hotspots. Approximately 50,000 Comcast routers in the area will begin to offer free "xfinitywifi" hotspot access to other Comcast subscribers, a move the company has previously tested and launched in other areas, despite the controversial nature of the program.
Google transparency report for e-mail encryption prompts Comcast to improve
Comcast is preparing to start encrypting customer e-mails, after a Google transparency report noted a lack of protection on e-mails from its domain. The company claims it is will soon start testing encryption on outbound customer e-mails, advising to the Wall Street Journal that it will take place "within a matter of weeks," and it is "very aggressive about this."
Verizon, Comcast anti-compete agreements, other legislation stymie process
Many US cities have large fiberoptic networking installations, paid for by taxpayer dollars, that are "dark," unknown, or unusable -- primarily due to telecom company lobbyists and threats to localities. At least 20 states have enacted laws or other legal barriers to prevent community access to these networks, and even more have signed non-compete agreements with Internet providers.
Company ups lobbying firms to 40 in Washington, connections to public sector
Comcast has increased the number of lobbying firms employed in Washington DC to 40 since it started the merger process with Time Warner Cable. The Hill reports that it is one of the largest lobby teams ever in Washington, which has increased an already large group from 33 firms employed by the company.
Google takes stance against Comcast, Verizon charging for 'last mile' access
Google will not charge Internet services to host their content at Google Fiber locations, it has revealed. A Google Fiber blog post states the Internet service provider will provide free colocation at its Fiber facilities for services like Netflix, rather than following the lead of Comcast and Verizon in charging for direct access to the last mile connection to the customer.
Public Service Commission to conduct investigation over customer benefit
The New York State Public Service Commission (PSC) will take a deep look into the proposed merger of Comcast and Time Warner Cable, according to a statement released from Governor Andrew Cuomo's office. The commission will examine the proposed deal to see if the two companies coming together would be beneficial to Time Warner customers in the state.
Blog post attempts to clarify remarks before investor group, fails to do so
Trying to backtrack on comments made before the the MoffettNathanson Media and Communications Summit saying that all Comcast customers would be on a "capped" plan by 2019, Comcast Executive Vice President David Cohen is now claiming in a blog post that the company has "no plans to announce a new data usage policy." Cohen also claims that the company will be "looking at adding some unlimited data plans to our trials," despite many of Comcast's customers already effectively having unlimited data.
Service testing 300GB limits in certain markets, with $10 per additional 50GB
Comcast seems to have a plan in place to have all users on a data cap on its broadband service within five years. Comcast Executive Vice President David Cohen told investors earlier today that "in five years Comcast at least would have a usage-based billing model rolled out across its footprint."
Deal would see many popular EA franchises available for purchase
Cable giant Comcast is reportedly close to signing a deal that would stream game industry publisher Electronic Arts' titles to the company's X1 cable box. Under the agreement, games like soccer title FIFA, football simulator Madden, strategy game Plants vs. Zombies and classic titles like Monopoly will be playable on Comcast's new cable set-top box.
Move to pave the way to merger will make Charter the second largest provider
Comcast Corporation and Charter Communications today announced that the companies have reached an agreement on a series of transactions that will see the Comcast-Time Warner Cable merger divest approximately 3.9 million customers. The sale is part of the terms of the deal, where Comcast has agreed to cede a portion of its subscriber so that its total is less than 30 percent of total cable company subscribers overall.
Bid possible due to decline in Comcast stock price since merger announcement
Just a few short days after Comcast's hearing on Capital Hill, Charter Communications is said to be evaluating the notion of starting a bidding war for Time Warner Cable against Comcast. Potentially at stake are the subscribers that Comcast has promised to divest should the merger take place -- worth hundreds of millions of dollars annually.
Wi-Fi hotspots to form core of proposed Comcast carrier
Comcast is considering expanding its existing cable services into becoming a carrier, according to a report. The operator is said to be working on a service that will use Wi-Fi from subscriber routers and public hotspots to provide the bulk of connections, supplemented by cellular coverage provided by an existing carrier, in a hybrid service similar to one Google is reportedly looking into creating.
May tie into earlier Time Warner rumors
An FCC filing made by Comcast and Time Warner -- attempting to defend their proposed merger -- also hints that Apple is developing a new Apple TV set-top, reports note. "Today, Google competes as a network, video, and technology provider, and 8 out 9 of the next Google Fiber markets the company announced are in Comcast or TWC areas," part of the filing reads. "Apple tablets are viewing platforms for cable services even while Apple offers an online video service, Apple TV, and explores development of an Apple set-top box."
Remarks in response to Netflix concerns of ISPs demanding payment for traffic
The FCC is apparently not going to examine Netflix CEO Reed Hastings' call for a wider net neutrality. Shutting down the discussion, an FCC spokesperson said that the matter was not up for consideration in the upcoming Open Internet proceeding. FCC Chairman Tom Wheeler noted (incorrectly in the eyes of critics) that arrangements such as between Netflix and Comcast are "not a net-neutrality issue."
Early-stage talks could see Apple-supplied device with higher-quality connection
Apple is reportedly in discussions with Comcast, which could see the two collaborate on a streaming TV service. Sources for the Wall Street Journal claim the service would involve Apple supplying the set-top box to customers, with Comcast giving the device preferential treatment in the bandwidth management of the connection itself.
First Comcast transparency report details government requests for customer data
Comcast received a total of 24,698 requests for customer data from law enforcement officials in 2013, the company has revealed in its first transparency report. The telecommunications provider is joining a number of other technology companies, including competitor Verizon, in providing summary figures to reveal how much data the US government is requesting about its subscribers.
Multi-state group to look at effect on broadband industry
Comcast and Time Warner Cable are facing more than just federal inspection of the merger between the pair. Reports are surfacing that Florida, Indiana, and other as-yet-unnamed states are looking at the transaction, in conjunction with the federal government effort by the US Department of Justice.
Report notes six percentage point drop on cable company market share
According to data collated by the Leichtman Research Group, Comcast and Time Warner Cable are suffering under the weight of the economy and the "cord-cutting" movement. In 2013, Comcast lost 305,000 subscribers, with Time Warner Cable shedding 825,000. Combined, the pair will have 33.1 million customers, approximately two-thirds of the US cable company market.
'Energy Rewards' program offers Comcast benefits, movie screenings to users
Cable provider Comcast has partnered with a division of NRG Energy to launch an electricity-supplying initiative known as Energy Rewards. The very limited trial, in portions of Allegheny County and Beaver County in Pennsylvania, offers entertainment industry-related benefits for customers of the new effort, including "extended freeviews" of premium channels, and prepaid Visa cards as rewards for signing up.
Four committees have vast majority of members with Comcast funding
Comcast is scheduled to appear before Congress to defend its proposed $45 billion acquisition of Time Warner Cable. Records have recently been uncovered that show Comcast's political action committee having given contributions to 15 of 18 Senate Judiciary Committe members, and 32 of 39 members of the House Judiciary Committee. Both committees have scheduled hearings regarding the merger, and can allow -- or prevent -- the buyout from happening.
Comcast subscribers can soon purchase access to Netflix produced House of Cards
Comcast subscribers will soon be able to purchase access to the episodic series House of Cards without requiring Netflix, according to a report by Variety. The cable company has struck a pact with Sony Pictures Home Entertainment, providing rights to sell the first season of House of Cards through its Xfinity Store service. The Xfinity store offers on-demand video streaming on a variety of devices for Comcast subscribers -- the company's own answer to Netflix or Amazon Instant Video. In a similar deal made with Lionsgate, Orange is the New Black will be available on the Xfinity Store in May.
CEO calls deals necessary for survival of streaming services like Netflix
In an interview with CNBC, Verizon CEO Lowell McAdam noted that he was fairly certain that he would strike a similar deal as Comcast's with Netflix, making the streaming video purveyor pay for bandwidth, at least in part. McAdam called the Netflix deal with Comcast a "good thing," which allows for funding necessary infrastructure maintenance and build-outs.
Content streaming company to have direct access to ISP network
In a report from the Wall Street Journal, Netflix has entered into an agreement with Comcast to end throttling of bandwidth by the provider. Netflix customers have been plagued by declining streams since an appeals court ruled the FCC's net neutrality rules were invalid. The move comes as a surprise as the FCC is currently working on new strategies to keep the companies from treating internet traffic in an unfair manner. Netflix has agreed to pay Comcast an undisclosed sum in order to have a direct link to the ISP.
Cable company deal covers 30 million subscribers, could complete by end of 2014
Comcast has announced it will acquire Time Warner Cable, confirming earlier reports. The purchase will see Comcast acquire 100 percent of TWC's 284.9 million shares, worth approximately $45.2 billion, with the stock-for-stock transaction exchanging each TWC share for approximately 2.875 CMCSA (Comcast) shares, or effectively $158.52 per TWC share.
Deal offers $159 per share for buyout
Reports of a finalized deal between Time Warner Cable and Comcast have begun to circulate. According to CNBC reporter David Faber, Comcast will be offering $159 per share to purchase Time Warner Cable. Any deal would be subject to Federal Communications scrutiny, and would likely take over a year to finalize.
Companies study potential antitrust hurdles
Comcast is reportedly mulling a potential takeover bid for competitor Time Warner Cable, unnamed sources have told CNBC. Although Time Warner Cable is said to be considering various buyers, the company is claimed to favor a merger with Comcast if it finalizes the decision to sell.
Xfinity TV Store offers movies weeks before DVD releases
Comcast has launched a service that sells movie and TV show streams and downloads to customers on set-top boxes, one that leaked late last week. The Comcast Xfinity TV Store extends Comcast's existing video-on-demand free and rental offerings with an option to have purchases permanently viewable in the future.
Cable company could offer movie purchases shortly after theatre run
Comcast could allow its subscribers to buy movies on their cable boxes, according to recent reports. The cable company is claimed by unnamed sources to be preparing to offer customers the service, via set-top boxes and through the browser via the Xfinity TV website, with the possibility that it will launch before the end of this year.
Package geared for streaming content
Comcast is reportedly preparing a new offering that essentially unbundles HBO service from a traditional cable TV package. In a promotion spotted by GigaOM, the company is enabling customers to purchase basic Internet service with local TV channels and HBO content for $40 per month.
Changes expected as Vodafone removed from picture
Verizon has reportedly confirmed that it has ended a joint venture with cable companies Comcast, Time Warner and Bright House Networks. In a conference call following the company's quarterly earnings report, Verizon CFO Fran Shammo suggested the partnership was terminated in August in response to developments in technology and changing market conditions.
Negotiations could lead to Netflix video on cable boxes in future
Cable providers in the United States could be adding Netflix to its set-top boxes in the future, according to a new report. The streaming video service is said to be in early-stage negotiations with cable services to introduce the app to customers, which would in theory allow subscribers to directly use Netflix without switching to another living room device, such as a game console.
Box for Android introduces updates feed, offline support, multiple accounts
Cloud storage service Box has updated its Android app with a number of changes. The new updates feed in version 2.2 includes a document preview area for recently-uploaded items as well as recent activity, something viewable in the new resizable home screen widget, while offline file support has been enhanced. Multiple accounts can now be accessed in the same app, and a new navigation drawer and viewing options are also included.
Plan will provide downloaders with legal content links, claims report
Comcast is said to be working on its own alternative to the Copyright Alert System (CAS) anti-piracy system, also known as "six strikes," operated by the Center for Copyright Infromation (CCI). The rumored system would see Comcast providing users identified as downloading infringing content links to buy or rent the content legally.
Launch limited to Delaware, New Jersey, Pennsylvania
Comcast has expanded its Xfinity TV service to offer a prepaid version to customers. The pay-as-you-go cable service will provide users with a number of standard definition channels, including a mix of local and national channels, and provides a way for potential viewers to get cable TV without requiring to submit to a credit check nor provide a Social Security Number.
Five bidders in the running to purchase the media streamer
Bids for the latest attempt to sell Hulu closed on Friday at 2PM PT, with no clear leader. Reportedly at the top of the bidding with very similar offers are DirecTV, The Chernin Group, and Guggenheim Digital Media. Two other bidders allegedly behind the top three are Time Warner Cable, and equity firm Kohlberg Kravis Roberts. Beyond just undisclosed cash considerations, the conglomerate that currently own the digital video streaming service are evaluating content licensing provisions, which vary suitor to suitor.
Use of the network free to existing Comcast customers
Comcast is beginning to give its Xfinity Internet customers an additional "xfinitywifi" SSID network in-home that is completely separate and distinct from the family’s private and secure home Wi-Fi signal. The move, in effect, creates millions of hotspots for Comcast customers, available all over the country for no additional cost.
Executive believes United States is 'a world leader' in broadband
The average American consumer does not need gigabit Internet access at this moment in time, according to the Vice President of Comcast. David Cohen claims the issue of gigabit speeds to end users is "really more about demand than supply," suggesting that high-speed Internet services such as Google Fiber are not required.
Third party devices need adapter, Comcast set-top boxes unaffected
Comcast will start encrypting its basic cable service in the coming months. Though users with a Comcast-provided set-top box will be able to decrypt the new signals without any problem, customers with either a third-party cable box or devices that directly connect to a cable outlet will need to request some equipment.
New user monitoring system powered by error-prone MarkMonitor
As expected, the Center for Copyright Information's BitTorrent monitoring system has launched, but with all five previously-announced ISPs starting up in one day. Participating ISPs in the measure, also known as "six strikes," include Verizon, Comcast, AT&T, Cablevision, and Time Warner, plus all subsidiaries of the parent companies.
Sources familiar with the matter claim all five ISPs commence this week
According to reports, the much-delayed "six strikes" copyright enforcement monitoring system will go live over the next week, with Internet provider Comcast launching on Monday. The Copyright Alert System (CAS), run by the Center for Copyright Information (CCI) has no official launch date, and has been held up by implementation issues, and the damaging effects of Superstorm Sandy. ISPs AT&T, Cablevision, Comcast, Time Warner, and Verizon are all signed up for the system.
Deal expected to complete with little interference by end of 1Q
Comcast has announced today that it is acquiring GE's 49 percent common equity share of the NBCUniversal joint venture. The deal, worth $16.7 billion -- plus $1.4 billion for 30 Rockefeller Plaza and the CNBC headquarters -- will be funded with $11.4 billion in cash, $4 billion of unsecured notes, $2 billion in new debt, and $725 million of stock issued to GE as terms of the agreement.
Xfinity TV app works for Android and iOS
Comcast announced today that it would be extending the opportunity for its Xfinity TV customers to download content from the Internet to their mobile devices. The Xfinity TV Player App now lets customers watch their favorite content while on the go, without having to be connected to the Internet for streaming. Starting today, customers can download thousands of premium TV and movie content from Showtime, Starz, Encore, and Movieplex.
Verizon, Time Warner, AT&T plan gaming service
The major cable companies are looking to take a big step into the gaming sector, according to reports. Sources familiar with the cable companies' plans tell Bloomberg that they will soon be rolling out trials of a cloud-based gaming offering service, taking on game console makers such as Microsoft, Nintendo, and Sony. The trials are scheduled to begin later this year, with AT&T, Verizon, Time Warner Cable, Comcast, and Cox all working on offerings.
Memo hints at management buyout, content changes
Content streaming site Hulu may be about to undergo significant changes over the next few months as an internal realignment looms that could see current CEO Jason Kilar departing. Variety has obtained an internal memo from the site detailing the possible reorganization within the streaming site. The coming changes could see not only the departure of Kilar, but also a significant weakening of the popular television portal.
New speed tier announced via internal live event stream
Comcast is reportedly planning to offer a 305Mbps Internet connection before the end of the year. Someone that Broadband Reports considers a reliable source claimed all Comcast employees were treated to a streaming live event about future Xfinity plans, where Chief Executive Officer Neil Smit mentioned the faster tier would be in Verizon FiOS territories "soon."