backtop


Print 24 comment(s) - last by Omega215D.. on Dec 2 at 11:50 PM

The GE, Comcast deal could be done as early as Thursday

General Electric and Comcast have worked out a deal in which Comcast will receive a majority stake of the NBC Universal broadcasting company once Vivendi signs away its 20% stake.

NBC could be a joint operation between GE and Comcast for a few years, and then GE is expected to leave the company behind in 2012 or 2013.  NBC Universal currently includes Universal Pictures movie studios, cable channels USA, Syfy, Bravo, and the Universal Studios theme parks.

GE now controls 80% of the company, with an estimated value of $30 billion -- Comcast will receive the company and its $9 billion debt, while Comcast is expected to include its own cash contribution.  When the deal is completed, Comcast will become one of the largest entertainment companies in the world, and may be better suited to battle The Walt Disney Co.

GE has manufactured a wide range of industrial products ranging from dishwashers and light bulbs to jet engines, but its interest in NBC has always been rather intriguing.  The company didn't want to spin off NBC, but has struggled greatly due to the global economy, while spinning off other businesses.

In the future, GE plans to attempt to rejuvenate its manufacturing branches, while leaving other industries alone, analysts believe.

The Federal Communications Commission must now take a look at the deal -- which could take up to one year to complete -- though the companies involved do not expect any major problems from the federal government.



Comments     Threshold


This article is over a month old, voting and posting comments is disabled

RE: So on the surface...
By acortez on 12/2/2009 9:42:27 AM , Rating: 2
quote:
So devils advocate here... all these studios and media companies that host their own content which they allow people to log in and view, think it would be beneath Comcast to throttle their bandwith to ensure Hulu was the only non-stuttering portal to view said content?


That would require some really slick BW measures.
More likely is that all owned Comcast content resides solely on the Comcast network so that Comcast customers get the best experience compared to say someone else outside of their networks.


"Intel is investing heavily (think gazillions of dollars and bazillions of engineering man hours) in resources to create an Intel host controllers spec in order to speed time to market of the USB 3.0 technology." -- Intel blogger Nick Knupffer











botimage
Copyright 2014 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki