Recent Event Highlights: Challenges that face Comcast, Implications in the Media Industry, Comcasts Major Accomplishments, Comcast and its Implications in Media, and 5 more...
Created by ohhjayyy on Mar 3, 2011
Last updated: 03/03/11 at 06:50 PM
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Challenges that Comcast face is the need to reach customers and all their needs. Being that Comcast is the largest cable operator, home internet service provider, and third largest home telephone service provider in the United States, reaching its customers needs and problems are faced on a daily basis.
Since Comcast is well known nationally, they face some very big competition when it comes to Comcast xfinity. The three main competitors that compete with Comcast xfinity consist of Verizon FiOS, DirecTV, and AT&T U-verse.
The FCC approves the Comcast, NBC-Universal merge. This merge holds many implications in the media industry because comcast is the nation's largest cable, and residential internet provider. Comcast now owns, NBC broadcast network, numerous cable channels, two dozen local NBC and Telemundo stations, movie studios, online video portals, and the physical network that distributes that media content to millions of Americans through Internet and cable connections.
Comcast now has the ability to make internet cable television, as well as the ability to speed up slow down and block content from their clients.
What this means for the public is higher prices for everyone, less choices and the potential for a monopoly in the media industry.
XFINITY TV is the top entertainment site dedicated to celebrating television. XFINITY TV gives fans instant access to an extensive video collection of television shows, movies, trailers and clips, so they can tune-in, catch-up and critique their favorite television programming. XFINITY TV also offers inclusive editorial and blog coverage with in-depth recaps and analysis on what's hot and happening every day in the world of television and entertainment
In 2006 Comcast partnered up with a lot of big name people and companies. Jake "Body by Jake" Steinfeld and comcast launched ExerciseTV. Comcast and Sony announced the creation of a new multi-platform horror network - FEARnet. Comcast and WalMart partnered to offer broadband, video and phone services to WalMart's "Connection Centers." Comcast also offered High-Speed Internet service on Amazon.com. And lastly Comcast and The Walt Disney Company announced long-term comprehensive distribution agreements securing carriage for Disney Media Networks' products and services.
The Comcast, AT&T merge put comcast in the front as the nations leading provider for cable and internet.
With the recent merge of Comcast and NBC-Universal, Comcast has announced that they wish to grow bigger, when the economy is right. Although it has not been made offical, rumours of a Comcast-Time Warner merge have been arising. This merge could have implications for other media companies as the struggle to stay afloat will occur, and domination of the cable and internet industry will slowly close and Comcast will be closer to a monopoly.
In 2002 comcast had a very successful year. They were named one of six companies with the best annual report disclosures by S&P. They launched high-definition television service and video-on-demand service. Which I feel are two of the main reasons why people even consider getting comcast for their home. And they also completed their $47.5 billion merger with AT&T broadband.
Movietime, now formally known as E! Entertainment Television, was started on July 31, 1987. The name was changed to E! three years later in June 1990. E! is a top entertainment show that provides the latest daily news and celebrity inside information in a fun, irreverent tone. E! presents up-to-the-minute entertainment news, original features, gossip, music and movie reviews, live-event coverage for film, TV, and music enthusiasts. Some popular shows that are a part of E! include Chelsea Lately, E! News, Keeping Up With the Kardashians, Sex and the City, etc.
The company made an important move in 1983 when, it won a license to establish a cable television system in the residential suburbs of London. In 1985, after purchasing more cable companies in Michigan, Indiana, and
Mississippi, Comcast won a plum: the right to serve the densely populated northeast Philadelphia area. Comcast was now one of the country's largest cable comanies. Also in 1988, Comcast turned an important strategic corner regarding telephone companies when it purchased American Cellular Network, or Amcell, a cellular telephone business serving New Jersey. For the first time, a cable company was able to offer telephone customers an alternative to the telephone company. Ralph Roberts shocked the company and the industry by naming his 30-year-old son Brian to be president of the company in 1990. In September 1992, Comcast staged a five-way international telephone call using the Comcast network and a long-distance carrier. The purpose was to demonstrate that the company could handle telephone calls and completely bypass the local telephone network.
Comcast started in the early 1960's, in Tupelo, Mississippi, with American Cable Systems Inc. In 1963 Ralph J. Roberts, Daniel Aaron and Julian A. Brodsky founded the comany. In 1966, Roberts got cable franchises in northern suburbs of Philadelphia. Roberts extended his company's presence into six additional local communities. In 1974 Comcast purchased a cable franchise in Kentucky, and in 1976 acquired systems Michigan. By 1983 Comcast had purchased Muzak franchises in Indianapolis, Buffalo, Scranton, Pennsylvania, and Illinois.