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Comcast Corporation

Comcast Corporation is an American telecommunications conglomerate headquartered in Philadelphia, Pennsylvania.

Summary

Comcast Corporation is a global media and technology company with two primary businesses, Comcast Cable and NBCUniversal. Comcast Cable is one of the nation’s largest video, high-speed internet, and phone providers to residential customers under the XFINITY brand, and also provides these services to businesses. It also provides wireless and security and automation services to residential customers under the XFINITY brand.

 

History

Comcast was founded in 1963 by Ralph J. Roberts, Daniel Aaron, and Julian A. Brodsky as a small cable system in Tupelo, Mississippi. In 1969 the company moved to Philadelphia and was renamed Comcast Corporation. Its initial growth was fueled by strategic investments in rival cable systems, including Group W Cable in 1986 and Storer Communications in 1988. Additional rivals were acquired, including E.W. Scripps in 1995 and Jones Intercable, Inc., in 1999. In 2002 Comcast purchased AT&T Broadband, at the time the largest cable television operator in the United States, for $44.5 billion.

In addition to acquiring cable television systems, Comcast moved into the areas of entertainment and program content development. In 1996 Comcast created a regional sports cable channel called Comcast Sportsnet, which was later merged with Home Team Sports in 2001 and renamed Comcast Regional Sports Television. Comcast purchased controlling interests in E! Entertainment in 1997 and the Golf Channel in 2001. In April 2005, in partnership with Sony Pictures Entertainment, Comcast acquired Metro-Goldwyn-Mayer, Inc. Four years later it was announced that Comcast had agreed to acquire 51 percent of NBCUniversal from General Electric Co. (GE); the deal was completed in January 2011. Two years later Comcast purchased GE’s remaining shares.

Comcast’s digital cable television subscription offers customers hundreds of channels, on-demand options, high-definition programming, and a digital video recorder (DVR) service. High-speed Internet is available through Comcast’s residential broadband service. Comcast Digital Voice, launched in 2005, provides customers with telephone service plus the ability to listen to voice mail online and forward voice mails via e-mail.

Vision

As Comcast evolves, we continue to look to the future – seeking out new communications technology, new opportunities, and more choices. We want to continue to provide people with the communications products and services that connect them to what s important in their lives.

Mission

Comcast creates incredible technology and entertainment that connects millions of people to the moments and experiences that matter most.

References

https://www.britannica.com/topic/Comcast

https://www.comparably.com/companies/comcast/mission

https://www.crunchbase.com/organization/comcast

https://www.indeed.com/cmp/Comcast/about