Comcast
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- Snippet from Wikipedia: Comcast
Comcast Corporation, formerly known as Comcast Holdings, is an American multinational mass media, telecommunications, and entertainment conglomerate. Headquartered at the Comcast Center in Philadelphia, the company was ranked 51st in the Forbes Global 2000 in 2023.
It is the fourth-largest telecommunications company by worldwide revenue, after Deutsche Telekom, China Mobile, and Verizon. Comcast is the third-largest pay-TV company, the second-largest cable TV company by subscribers, and the largest home Internet service provider in the United States. It owns and operates the Xfinity residential cable communications business segment and division; Comcast Business, a commercial services provider; and Xfinity Mobile, an MVNO of Verizon Communications. The company is also the nation's third-largest home telephone service provider, serving residential and commercial customers in 40 states and the District of Columbia.
Comcast has owned NBCUniversal and its various mass media subsidiaries since 2013. It is a high-volume producer of films for theatrical exhibition and television programming through its film studios: Universal Pictures, DreamWorks Animation, Illumination, and Focus Features. Its over-the-air national broadcast network channels include the National Broadcasting Company (one of the US' Big Three television networks), Spanish-language channels Telemundo, TeleXitos, and Universo, television stations like Cozi TV, multiple cable-only channels such as MSNBC, CNBC, USA Network, Syfy, Oxygen True Crime, Bravo, and E!. NBCUniversal also works in news (NBC News and Noticias Telemundo) and sports (NBC Sports and Telemundo Deportes), bolstered by its 1996 acquisition of professional sports company Spectacor. It owns the video-on-demand streaming service Peacock; its holdings in digital distribution include thePlatform, acquired in 2006; and ad-tech company FreeWheel, acquired in 2014. Comcast has been the parent company of Sky Group since 2018, when it dropped out of the running to buy 21st Century Fox, Sky's then-largest shareholder, and instead acquired the company from Fox and other shareholders. The company operates theme parks under its Universal Destinations & Experiences subsidiary.
Comcast is criticized and put under intense public scrutiny for a variety of reasons. Its customer satisfaction ratings were among the lowest in the cable industry from 2008 to 2010. It has violated net neutrality practices; it has offered a commitment to a narrow definition of net neutrality that critics say ignores the difference between Comcast's private network services and the rest of the Internet. Critics also note a lack of competition in the vast majority of Comcast's service areas; in particular, the limited competition among cable providers. Given its negotiating power as a large ISP, some suspect that it could use paid peering agreements to unfairly influence end-user connection speeds. Comcast's ownership of both content production (in NBCUniversal) and distribution (as an ISP) has raised antitrust concerns that scuttled the company's 2014 effort to acquire Time Warner Cable. Comcast was dubbed "The Worst Company in America" by The Consumerist in 2010 and 2014.
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