David Watson, the CEO of Comcast’s cable business. (Courtesy photo)
Comcast is more focused on increasing revenue from its broadband products than growing out its customer base from those services, the CEO of the company’s cable business said at an investor conference this week.
Speaking at the J.P. Morgan Tech & Media Conference on Tuesday, the CEO of Comcast’s cable business David Watson acknowledged the company is facing increased competition from upstart products like fixed-wireless and satellite-delivered broadband services.
“This is probably the most competitive broadband environment that I’ve seen,” Watson remarked on Tuesday. “But, yet, we grew broadband revenue 4 percent, so there’s a good balance of between the volume and rate that we’ve been focused on.”
The figure was based on Comcast’s first quarter (Q1) earnings for 2024, which saw the company bring in $6.591 billion off the back of its residential and enterprise broadband products.
Comcast is more focused on increasing revenue from its broadband products than growing out its customer base from those services, the CEO of the company’s cable business said at an investor conference this week.
Speaking at the J.P. Morgan Tech & Media Conference on Tuesday, the CEO of Comcast’s cable business David Watson acknowledged the company is facing increased competition from upstart products like fixed-wireless and satellite-delivered broadband services.
“This is probably the most competitive broadband environment that I’ve seen,” Watson remarked on Tuesday. “But, yet, we grew broadband revenue 4 percent, so there’s a good balance of between the volume and rate that we’ve been focused on.”
The figure was based on Comcast’s first quarter (Q1) earnings for 2024, which saw the company bring in $6.591 billion off the back of its residential and enterprise broadband products.
- 5/21/2024
- by Matthew Keys
- The Desk
Cord-Cutting Hits All-Time High in Q1, as U.S. Pay-tv Subscriptions Fall to Lowest Levels Since 1992
As streaming video continues its ascendancy, cable, satellite and internet TV providers in the U.S. turned in their worst subscriber losses to date in the first quarter of 2023 — collectively shedding 2.3 million customers in the period, according to analyst estimates.
“We are watching the sun beginning to set” on the pay-tv business, Svb MoffettNathanson senior analyst Craig Moffett wrote in a report Friday.
With the Q1 decline, total pay-tv penetration of occupied U.S. households (including for internet services like YouTube TV and Hulu) dropped to 58.5% — its lowest point since 1992, two years before DirecTV launched as a new rival to cable TV, according to Moffett’s calculations. As of the end of Q1, U.S. pay-tv services had 75.5 million customers, down nearly 7% on an annual basis.
Cable TV operators’ rate of decline in Q1 reached -9.9% year over year, while satellite providers DirecTV and Dish Network fell -13.4%. In addition,...
“We are watching the sun beginning to set” on the pay-tv business, Svb MoffettNathanson senior analyst Craig Moffett wrote in a report Friday.
With the Q1 decline, total pay-tv penetration of occupied U.S. households (including for internet services like YouTube TV and Hulu) dropped to 58.5% — its lowest point since 1992, two years before DirecTV launched as a new rival to cable TV, according to Moffett’s calculations. As of the end of Q1, U.S. pay-tv services had 75.5 million customers, down nearly 7% on an annual basis.
Cable TV operators’ rate of decline in Q1 reached -9.9% year over year, while satellite providers DirecTV and Dish Network fell -13.4%. In addition,...
- 5/12/2023
- by Todd Spangler
- Variety Film + TV
Jeff Shell, the ousted CEO of NBCUniversal, forfeited compensation valued at $43 million for 2022 after being fired for cause last Sunday.
“As previously disclosed, Mr. Shell’s employment was terminated with cause on April 23, 2023. As a result, he did not receive any supplemental payments or benefits in connection with his termination. He will receive only his accrued but unpaid base salary and vacation time, vested employee benefits and reimbursement for any unreimbursed business expenses in accordance with his employment agreement. Upon his termination, all unvested PSUs and RSUs and all vested and unvested stock options, which had an estimated fair value of $43.3 million as of the termination date, were forfeited and canceled,” NBCU parent Comcast said in an SEC filing today.
Shell’s compensation for last year included $2.5 million in base pay — flat from the year before — and a $7.5 million cash bonus that was given out before the events of last week unfolded.
“As previously disclosed, Mr. Shell’s employment was terminated with cause on April 23, 2023. As a result, he did not receive any supplemental payments or benefits in connection with his termination. He will receive only his accrued but unpaid base salary and vacation time, vested employee benefits and reimbursement for any unreimbursed business expenses in accordance with his employment agreement. Upon his termination, all unvested PSUs and RSUs and all vested and unvested stock options, which had an estimated fair value of $43.3 million as of the termination date, were forfeited and canceled,” NBCU parent Comcast said in an SEC filing today.
Shell’s compensation for last year included $2.5 million in base pay — flat from the year before — and a $7.5 million cash bonus that was given out before the events of last week unfolded.
- 4/28/2023
- by Jill Goldsmith
- Deadline Film + TV
NBCUniversal CEO Jeff Shell took in $16.5 million in total compensation, while his boss, Comcast Chairman and CEO Brian Roberts raked in a staggering $32.7 million.
The generous pay packages come despite the fact that much of NBCUniversal’s business of making and distributing movies and turning those properties into theme park rides was disrupted by the Covid-19 pandemic. It also resulted in thousands of layoffs.
Shell, who took over as chief of the media division in 2019 from Steve Burke, did not previously disclose his salary because he was not yet a named executive officer. Roberts did take a modest cut in his pay package. The Comcast chieftain made $36.4 million in 2019 and $35.0 million in 2018. His 2020 figure did top the $32.5 million he took in during the 2017 fiscal year.
Shell’s package consisted of $2.6 million in salary, as well as $3.7 million in stock awards, $3.7 million in option awards and $5.88 million in non-equity incentives. It...
The generous pay packages come despite the fact that much of NBCUniversal’s business of making and distributing movies and turning those properties into theme park rides was disrupted by the Covid-19 pandemic. It also resulted in thousands of layoffs.
Shell, who took over as chief of the media division in 2019 from Steve Burke, did not previously disclose his salary because he was not yet a named executive officer. Roberts did take a modest cut in his pay package. The Comcast chieftain made $36.4 million in 2019 and $35.0 million in 2018. His 2020 figure did top the $32.5 million he took in during the 2017 fiscal year.
Shell’s package consisted of $2.6 million in salary, as well as $3.7 million in stock awards, $3.7 million in option awards and $5.88 million in non-equity incentives. It...
- 4/23/2021
- by Brent Lang
- Variety Film + TV
1966: The final episode of Never Too Young aired on ABC.
1983: Guiding Light's Nola & Quint were married.
1987: As the World Turns' Iva blurted out the truth about Lily.
1999: A gorilla plotted to interrupt Cass & Lila's wedding on Another World."History speaks to artists. It changes the artist's thinking and is constantly reshaping it into different and unexpected images."
― Anselm Kiefer
"Today in Soap Opera History" is a collection of the most memorable, interesting and influential events in the history of scripted, serialized programs. From birthdays and anniversaries to scandals and controversies, every day this column celebrates the soap opera in American culture.
On this date in...
1946: Procter & Gamble radio soap opera Life Can Be Beautiful moved to the 3 p.m. Et timeslot on the NBC Radio network. The show had always run in the mornings previously. It would remain in this new timeslot until...
1983: Guiding Light's Nola & Quint were married.
1987: As the World Turns' Iva blurted out the truth about Lily.
1999: A gorilla plotted to interrupt Cass & Lila's wedding on Another World."History speaks to artists. It changes the artist's thinking and is constantly reshaping it into different and unexpected images."
― Anselm Kiefer
"Today in Soap Opera History" is a collection of the most memorable, interesting and influential events in the history of scripted, serialized programs. From birthdays and anniversaries to scandals and controversies, every day this column celebrates the soap opera in American culture.
On this date in...
1946: Procter & Gamble radio soap opera Life Can Be Beautiful moved to the 3 p.m. Et timeslot on the NBC Radio network. The show had always run in the mornings previously. It would remain in this new timeslot until...
- 6/26/2019
- by Roger Newcomb
- We Love Soaps
Comcast chairman-ceo Brian Roberts saw a bump in his total compensation for 2018 while NBCUniversal CEO Steve Burke’s haul declined by more than $6 million last year.
Roberts’ total compensation reached $35 million last year, fueled by a $10.7 million performance bonus and more than $10 million in stock options and awards, according to a Securities and Exchange Commission filing made Friday by Comcast. That was up from $32.5 million in 2017.
Burke’s tally for 2018 was $39.9 million, down from $46.5 million in 2017. Burke received a $10 million performance bonus and more than $10 million in stock options and awards. In 2016 and 2017, Burke’s paycheck was plumped by a $15.3 million bonus in both years.
The corporate officer compensation disclosures that come with corporate proxy season has stirred renewed debate over the issue of what many see as excessive CEO compensation levels for public company leaders. Experts say scrutiny of corporate pay practices is becoming a focus of activist investors and social justice advocates.
Roberts’ total compensation reached $35 million last year, fueled by a $10.7 million performance bonus and more than $10 million in stock options and awards, according to a Securities and Exchange Commission filing made Friday by Comcast. That was up from $32.5 million in 2017.
Burke’s tally for 2018 was $39.9 million, down from $46.5 million in 2017. Burke received a $10 million performance bonus and more than $10 million in stock options and awards. In 2016 and 2017, Burke’s paycheck was plumped by a $15.3 million bonus in both years.
The corporate officer compensation disclosures that come with corporate proxy season has stirred renewed debate over the issue of what many see as excessive CEO compensation levels for public company leaders. Experts say scrutiny of corporate pay practices is becoming a focus of activist investors and social justice advocates.
- 4/26/2019
- by Cynthia Littleton
- Variety Film + TV
1966: Final episode of ABC's Never Too Young. 1983: Guiding
Light's Nola & Quint were married. 1987: As the World Turns'
Iva blurted out the truth about Lily. 1999: A gorilla plotted
to interrupt Cass & Lila's wedding on Another World."All true histories contain instruction; though, in some, the treasure may be hard to find, and when found, so trivial in quantity that the dry, shrivelled kernel scarcely compensates for the trouble of cracking the nut."
― Anne Brontë in "Agnes Grey"
"Today in Soap Opera History" is a collection of the most memorable, interesting and influential events in the history of scripted, serialized programs. From birthdays and anniversaries to scandals and controversies, every day this column celebrates the soap opera in American culture.
On this date in...
1946: Procter & Gamble radio soap opera Life Can Be Beautiful moved to the 3 p.m. Et timeslot on the NBC Radio network.
Light's Nola & Quint were married. 1987: As the World Turns'
Iva blurted out the truth about Lily. 1999: A gorilla plotted
to interrupt Cass & Lila's wedding on Another World."All true histories contain instruction; though, in some, the treasure may be hard to find, and when found, so trivial in quantity that the dry, shrivelled kernel scarcely compensates for the trouble of cracking the nut."
― Anne Brontë in "Agnes Grey"
"Today in Soap Opera History" is a collection of the most memorable, interesting and influential events in the history of scripted, serialized programs. From birthdays and anniversaries to scandals and controversies, every day this column celebrates the soap opera in American culture.
On this date in...
1946: Procter & Gamble radio soap opera Life Can Be Beautiful moved to the 3 p.m. Et timeslot on the NBC Radio network.
- 6/24/2018
- by Roger Newcomb
- We Love Soaps
Don Kaye May 23, 2019
How the insane Beneath the Planet of the Apes almost buried the series after two movies.
"In one of the countless billions of galaxies in the universe, lies a medium-sized star, and one of its satellites, a green and insignificant planet, is now dead."
With the original 1968 Planet of the Apes a huge smash at the box office -- it arguably saved 20th Century Fox from going bankrupt -- a meeting took place that included studio head Richard D. Zanuck, producer Arthur P. Jacobs, associate producer Mort Abrahams and Fox production exec Stan Hough. At some point the idea came up: why not make a sequel? As we’ve stated elsewhere, sequels at the time were not the big business they are today. But Planet of the Apes had clearly struck a nerve with audiences, and the open-ended nature of the movie’s ending offered the possibility of more material to explore.
How the insane Beneath the Planet of the Apes almost buried the series after two movies.
"In one of the countless billions of galaxies in the universe, lies a medium-sized star, and one of its satellites, a green and insignificant planet, is now dead."
With the original 1968 Planet of the Apes a huge smash at the box office -- it arguably saved 20th Century Fox from going bankrupt -- a meeting took place that included studio head Richard D. Zanuck, producer Arthur P. Jacobs, associate producer Mort Abrahams and Fox production exec Stan Hough. At some point the idea came up: why not make a sequel? As we’ve stated elsewhere, sequels at the time were not the big business they are today. But Planet of the Apes had clearly struck a nerve with audiences, and the open-ended nature of the movie’s ending offered the possibility of more material to explore.
- 5/28/2016
- Den of Geek
David Watson, who stepped in for Roddy McDowall to portray the chimpanzee archeologist Cornelius in the 1970 film Beneath the Planet of the Apes, has died. He was 74. The British actor died on Oct. 5 following a heart attack in New York, where he had been attending the opening night of the Broadway play The Curious Incident of the Dog in the Night-Time, the U.K. newspaper The Stage reported. McDowall played Cornelius in the original Planet of the Apes (1969) as well as in Escape From the Planet of the Apes (1971) and Battle for the Planet
read more...
read more...
- 11/12/2014
- by Mike Barnes
- The Hollywood Reporter - Movie News
This Friday sees the release of the first "Planet of the Apes" film in a decade, "Rise of the Planet of the Apes" starring James Franco. We'll have our review of the film up on Friday, but to help set the mood, here is a revised and updated version of a feature we first brought you in 2008 on the 40th anniversary of the original "Planet of the Apes." Below you'll find a guide to all six previous movies, with synopses, spoilers, continuity errors, and a celebration of all the high-minded social commentary and low-brow schlocky ape masks that make the "Apes" films one of the most satisfying of all sci-fi franchises.
Please note: Most "Planet of the Apes" films have a "shocking" twist that everyone at this point already knows. However, if you have somehow extricated yourself from forty years of pop culture references, by all means be wary of Spoilers ahead.
Please note: Most "Planet of the Apes" films have a "shocking" twist that everyone at this point already knows. However, if you have somehow extricated yourself from forty years of pop culture references, by all means be wary of Spoilers ahead.
- 8/3/2011
- by Matt Singer
- ifc.com
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