Established in 1963, Comcast is a global media and technology company and it operates two main businesses. The first, and what most people associate the company with, Comcast Cable — although it’s not called Comcast Cable, but Xfinity — which is the the largest video, high-speed Internet and phone provider for residential and business use in the U.S. with a combined 50.8 million customers. Under the Comcast name there is also venture capital firm Comcast Ventures and sports and entertainment company Comcast-Spectacor. The other primary business is NBCUniversal, only one of the world’s leading media and entertainment companies that manages the namesake television network and movie production company, as well as specialty channels like USA Network, Syfy, E!, CNBC, MSNBC, Bravo, and more. In other words, Comcast is huge and influential. Yesterday, without any fanfare or release, Comcast flipped the switch on a fancy new website that features a new corporate logo.
NBC Sports, a major “segment” of the programming at NBC, is now also its own channel as NBCUniversal has announced the transformation of the old Versus channel into the NBC Sports Network, which will share the look with the segment on NBC. More details here.
In 2004 General Electric, the parent company of American television network NBC, purchased 80% of Vivendi Universal Entertainment, the parent company of Universal Pictures, cable channels like USA Network and Syfy (then Sci-Fi Channel), and the Universal Studios theme parks. NBC Universal was born. A powerful entertainment company with major real estate on television: NBC, Telemundo, Bravo, Syfy, USA Network, A&E, MSNBC, and CNBC among others. In 2009, cable operator Comcast announced its plans to purchase a stake in NBC Universal and as of last week, with approval of the Federal Communications Commission and U.S. Department of Justice, Comcast now owns 51% of NBC Universal, while General Electric owns 49%. On Friday, at an employee town hall meeting, Steve Burke, COO of Comcast and CEO of the new company, announced a new name, NBCUniversal (no space, thank you), and a new logo designed by Wolff Olins.