Posted by Mark J. Miller on March 10, 2014 04:43 PM
Comcast has set the TV world aflame in the last few years with its purchase of NBCUniversal and its yet-to-be-finalized deal to acquire Time Warner Cable. But there’s another industry that Comcast is looking to be a serious player in as well: theme parks.
Comcast, which already had $2.2 billion in revenue last year from its theme parks and resorts unit, isn’t shying away from horning in on the territory long dominated by Disney, either. The company's Universal Studios is “investing hundreds of millions of dollars into theme parks in California and Florida.” While it is investing in new attractions for its Universal Orlando Resorts, it also building “the largest hotel construction project in North America: [an] 1,800-room, 1960s-themed Cabana Bay Beach Resort,” of which Comcast is sharing the bill with Loews Corp., the Philadephia Inquirer reports.
Six hundred of the rooms will open this month, with the rest scheduled to open by year's end. With that, Universal will have 4,200 rooms, a 75 percent increase from the 2,400 it previously boasted, but NBCUniversal chief Steve Burke says the complex could have between 10,000 and 15,000 hotel rooms in time.Continue reading...
video killed the _____ star
Posted by Mark J. Miller on February 24, 2014 01:58 PM
Plenty of consumers complain each month about the amount of money they pay out to America's largest cable provider, Comcast, and now you can add Netflix to that list.
As a result of changes in net neutrality rules, Comcast has the ability to slow down video streams from any source it wishes. That’s bad news for a company like Netflix, whose millions of customers stream hundreds of bandwidth-sucking movies and TV series at all hours of the day. Recently, Netflix subscribers have been complaining of poor and slow connections, especially those who get their high-speed Internet from Comcast and Verizon's FiOS broadband networks.
In order to keep its own customer satisfaction high, Netflix and Comcast on Sunday confirmed last week's rumor that the companies had reached an undisclosed financial deal with a press release titled, "Comcast and Netflix Team Up to Provide Customers With Excellent User Experience."
The agreement will ensure Netflix's load time won't be slowed by Comcast's broadband nodes, a so-called "peering" deal that may likely be felt in US cable customers' bills down the line. It also got Net Neutrality crowd out in full force, on both sides of the debate.Continue reading...
Posted by Dale Buss on February 21, 2014 09:12 AM
Russell Stover Candies up for sale, price may top $1 billion.
P&G announces major restructuring of marketing, including beauty-division makeover.
Nordstrom sees sales slide continue at its stores.
Amazon launches video ads with Geico, plans set-top box and woos high-profile retailers.
BJ's Restaurants launches mobile ordering and payment.
Banana Republic ads feature real-life unions including a gay couple.
Chick-fil-A chicken sandwich turns 50.
Chobani and other marketers escape LGBT-related backlash for Sochi advertising.
Coca-Cola has "mediocre Pepsi on its heels," Nelson Peltz says.
Darden Restaurants expands into airports.Continue reading...
video killed the _____ star
Posted by Sheila Shayon on February 19, 2014 07:32 PM
As the battle between Netflix and major internet service providers rages on, consumers are paying the price with degraded service.
The complicated plumbing required to deliver a Netflix video to a consumer’s computer or TV is near invisible to users, who are unaware of the bandwidth that companies have to put out in order to transmit such content. The actual data transfer occurs at global “interconnection” hubs, aka, “telecom carrier hotels” where companies like Time Warner Cable, Verizon and AT&T share space. Born in the days of high volume landline telephone traffic, the telcos shared amiably enough, but with the addition of high-bandwidth services like Netflix creating a drain, those relationships have broken down. And now broadband companies are increasingly charging "tolls" to third-party intermediate players like Level 3 and Cogent.
“This is a scenario that open Internet advocates have been warning about for years," Time notes. “It’s no secret that the big telecom and cable companies resent the fact that they are obliged to deliver high bandwidth content like Netflix—which competes against their own video offerings—in addition to less bandwidth-intensive traffic like emails and chats.”Continue reading...
Posted by Mark J. Miller on February 19, 2014 03:41 PM
Four years have passed since Dish Network first attempted to trademark the term “TV Everywhere.” And now, after multiple denials and challenges from competing brands, the TV provider is throwing in the towel, Variety reports. After all, in the time it has spent trying to lock-down the phrase, it has become a term commonly used in the industry to describe TV programming available on multiple devices.
When the US Patent and Trademark Office had put the application up for comment in the fall of 2011, many major content distributors—including Time Warner Cable, DirecTV, Cox Communications, Charter Communications, and Cablevision Systems—challenged the application.
The eventual abandonment of the trademark cause seemed unavoidable, especially now that the concept of "TV Everywhere" is on fire right now. MediaPost reports that “the number of authenticated TV Everywhere streams doubled in 2013 to 574.2 million, up from 222.5 million in 2012.” The data comes from research by Adobe, which shows that 73 percent of the TV Everywhere streams are seen on mobile devices, while tablets lead the way at 42 percent.Continue reading...
Posted by Dale Buss on February 14, 2014 09:12 AM
P&G begins considering candidates to succeed CEO Lafley (again) as it holds early lead in Sochi social media derby.
BP must face shareholder suit over 2006 Alaska spill.
Uber officially launches in China, but under new, localized brand name.
Apple continues hiring spree to devleop iWatch.
BMW plans to bring back BMW Films as it unveils first front-wheel-drive model.
Burger King global sales rise while North America drops, but company reaps benefits of refranchising.
CVS Caremark tests telehealth sites.
Carnival Cruise Lines sees image back on upswing.
Charter turns from Time Warner Cable to pursue other acquisitions.
Cheesecake Factory holds off on tablets.
Danone struggles to claw back market share in China.
“Dumb Ways to Die” returns with Valentine’s Day tribute.Continue reading...
Posted by Mark J. Miller on February 13, 2014 12:07 PM
Following a failed takeover bid by Charter Communications, Comcast announced it would acquire Time Warner Cable in an all-stock deal for $45.2 billion. If the merger is approved by regulators, Comcast will return to its top spot as the largest cable operator in the world.
The merger, which could send waves through various television networks, national sports markets, TV technology and streaming companies is already a cause for concern among consumers and other pay TV companies, including satellite television networks, as well as AT&T, Verizon and Google, all of whom have made inroads into the cable and internet-providing business.
At about $159 per share, Comcast stands to adopt Time Warner Cable's 11 million pay TV customers, highly concentrated in Manhattan and Los Angeles, where it owns two sports networks and has lucrative deals with local sports teams. As part of the deal though, Comcast said it will divest about 3 million of TWC's customers to appease regulators.
As far as Comcast is concered, gaining regulatory approval from the federal government, including the FCC, shouldn't be too hard since Comcast and TWC aren't actually direct competitors (as far as carved-up cable provider boundaries go). The approval would follow Comcast's nearly $17 billion buyout of NBCUniversal from GE last year.Continue reading...
Posted by Dale Buss on February 13, 2014 09:27 AM
Comcast acquires Time Warner Cable in mammoth deal as it eyes Netflix turf.
Apple says it doesn't procure blood metal and talks about launching updated TV set-top box.
Walmart sees pitchman Mike Rowe come to defense of retailer on social media.
GM recalls 600,000 older vehicles to replace ignition switches.
Avon nears bribery settlement.
Cisco sees growth hit by sagging tech demand.
Fiat taps Sean "Diddy" Combs to tout 500 line worldwide.
Ford reveals GPS privacy practices.
Intuit sees Super Bowl ad pay off.
Kind sues Clif Bar in nutrition bar packaging dust-up.
Lexus keeps crown in J.D. Power reliability survey.Continue reading...