As speculation swirls among Wall Street investors of potential M&a activity in the entertainment industry, NBCUniversal CEO Jeff Shell said Comcast is always keeping an eye out for “bolt-on acquisitions” that bolster its business.
“We bought DreamWorks [Animation]…and it has been paying off steadily since our acquisition. Just now, with ‘Puss In Boots: [The Last Wish],’ which is a big hit at the box office and really our entrance back into the Shrek universe, continues to make that acquisition look really favorable,” Shell noted on the media giant’s fourth-quarter earnings call Thursday. “And we’ve invested in our Blumhouse investment over time, where we’re partners with Jason Blum, and we have a big hit, ‘M3GAN,’ this month, which is coming out of that investment. So we are always looking at bolt-on acquisitions that don’t necessarily involve big industry consolidation questions.”
However, Comcast president Michael Cavanagh emphasized on the call...
“We bought DreamWorks [Animation]…and it has been paying off steadily since our acquisition. Just now, with ‘Puss In Boots: [The Last Wish],’ which is a big hit at the box office and really our entrance back into the Shrek universe, continues to make that acquisition look really favorable,” Shell noted on the media giant’s fourth-quarter earnings call Thursday. “And we’ve invested in our Blumhouse investment over time, where we’re partners with Jason Blum, and we have a big hit, ‘M3GAN,’ this month, which is coming out of that investment. So we are always looking at bolt-on acquisitions that don’t necessarily involve big industry consolidation questions.”
However, Comcast president Michael Cavanagh emphasized on the call...
- 1/26/2023
- by Lucas Manfredi
- The Wrap
Similar News
‘Deal or No Deal Island’ Renewed for Season 2 at NBC
- 5/7/2024
- by Joe Otterson
- Variety Film + TV
Disney CEO ‘Confident’ in Striking New Deal With NBA
- 5/7/2024
- by Brian Steinberg
- Variety Film + TV
Amazon’s New Prime Ads Aim to Take Streamers Shopping
- 5/7/2024
- by Brian Steinberg
- Variety Film + TV
Peyton Jackson And Estella Kahiha Join Blumhouse Pic ‘Woman In The Yard’
- 5/6/2024
- by Justin Kroll
- Deadline Film + TV
Yul Vazquez Latest To Join Paul Greengrass Pic ‘The Lost Bus’
- 5/3/2024
- by Matt Grobar
- Deadline Film + TV
Mike Flanagan to direct the next Exorcist sequel for Blumhouse and Universal
- 5/3/2024
- by Cody Hamman
- JoBlo.com
Disney, Comcast Can't Agree on Hulu Valuation; Enlist Third Bank to Determine Streamer's Final Sale Price
- 5/7/2024
- by David Satin
- The Streamable
TV Faces Tumult in Upfronts, With Advertisers Making New Push for ‘Rollbacks’
- 5/7/2024
- by Brian Steinberg
- Variety Film + TV
Disney+, Hulu Join the Ranks of Profitable Streamers for the First Time; Full Dtc Profitability on Pace for Q4
- 5/7/2024
- by David Satin
- The Streamable
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.
More to explore
Michelle Yeoh to Star in ‘Blade Runner 2049’ Sequel Series at Amazon
- 5/7/2024
- by Joe Otterson
- Variety - TV News
‘Game of Thrones’ Spinoff ‘Knight of the Seven Kingdoms’ Adds ‘Black Mirror’ Director in Major Role
- 5/7/2024
- by James Hibberd
- The Hollywood Reporter - Movie News
Box Office: ‘Kingdom of the Planet of the Apes’ Aims for $50 Million-Plus Opening Weekend
- 5/7/2024
- by Rebecca Rubin
- Variety - Film News
‘Superman’ Unveils First Look at David Corenswet as the Man of Steel
- 5/6/2024
- by Aaron Couch
- The Hollywood Reporter - Movie News
Jeannie Epper, Legendary ‘Wonder Woman’ and ‘Romancing the Stone’ Stuntwoman, Dies at 83
- 5/6/2024
- by Mike Barnes
- The Hollywood Reporter - Movie News
Robert Downey Jr. to Make Broadway Debut This Fall
- 5/7/2024
- by Caitlin Huston
- The Hollywood Reporter - Movie News
Jeannie Epper, Legendary ‘Wonder Woman’ and ‘Romancing the Stone’ Stuntwoman, Dies at 83
- 5/6/2024
- by Mike Barnes
- The Hollywood Reporter - Movie News
Aida Rodriguez: Unpacking My Childhood Traumas Through Comedy Is Cathartic
- 5/6/2024
- by Aida Rodriguez
- Popsugar.com
How Erik Rivera Uses Comedy to Heal and Help Others
- 5/6/2024
- by Miguel Machado
- Popsugar.com
Ian Lara: Comedy Gave Me the Strength to Overcome My Mother's Death
- 5/6/2024
- by Ian Lara
- Popsugar.com
‘The Feeling That the Time for Doing Something Has Passed’ Had a Lot of People Looking at It
- 5/7/2024
- by Sarah Shachat
- Indiewire
Marvel Execs Acknowledge “Rough” 2023, But Say Studio Has “Learned Their Lesson” With Rethink Approach
- 5/7/2024
- by Edward Davis
- The Playlist
‘Lego Star Wars: Rebuild the Galaxy’ Trailer: ‘Four-Piece’ Animated Special Mixes Up Good and Evil
- 5/7/2024
- by Bill Desowitz
- Indiewire
‘Schmigadoon!’ Heads to Kennedy Center for Live Adaptation
- 5/7/2024
- by Mark Peikert
- Indiewire
AI, Uhd and 35mm: Arbelos Films’ David Marriott on the Present and Future of Film Restoration
- 5/7/2024
- by Vadim Rizov
- Filmmaker Magazine - Blog
Box Office: ‘Kingdom of the Planet of the Apes’ Aims for $50 Million-Plus Opening Weekend
- 5/7/2024
- by Rebecca Rubin
- Variety - Film News
‘Superman’ Unveils First Look at David Corenswet as the Man of Steel
- 5/6/2024
- by Aaron Couch
- The Hollywood Reporter - Movie News
Ricky Strauss Out as Apple TV+ Head of Marketing After 16 Months
- 5/7/2024
- by J. Kim Murphy
- Variety - Film News
A UK Action Thriller Sequel Is Climbing Up Netflix's Top Charts
- 5/7/2024
- by Joe Roberts
- Slash Film
Elisabeth Moss Says ‘Girl, Interrupted’ Cast Got Divided Off Camera Into Winona Ryder vs. Angelina Jolie Camps: ‘I Was Intimidated’ by and ‘Not Cool Enough’ for Jolie
- 5/7/2024
- by Zack Sharf
- Variety - Film News
Michelle Yeoh to Star in ‘Blade Runner 2049’ Sequel Series at Amazon
- 5/7/2024
- by Joe Otterson
- Variety - TV News
‘Game of Thrones’ Spinoff ‘Knight of the Seven Kingdoms’ Adds ‘Black Mirror’ Director in Major Role
- 5/7/2024
- by James Hibberd
- The Hollywood Reporter - Movie News
‘Taylor Swift vs. Scooter Braun’ Docuseries Coming to Discovery+ in U.K.
- 5/7/2024
- by K.J. Yossman
- Variety - TV News
Jeannie Epper, Legendary ‘Wonder Woman’ and ‘Romancing the Stone’ Stuntwoman, Dies at 83
- 5/6/2024
- by Mike Barnes
- The Hollywood Reporter - Movie News
Nasim Pedrad’s Chad Cancelled at Roku
- 5/7/2024
- by Rebecca Iannucci
- TVLine.com