Comcast Boosts Q1 Profit Despite Slowing Broadband, Ad Sales; Peacock U.S. Subs Rise to 22 Million

combined into one app offering by the end of the year on Wednesday, Disney CEO Bob Iger has suggested that the future of the hybrid subscription/ad-supported streamer remains in the hands of rival Comcast. Under a 2019 put/call agreement, Disney can buy out the NBCUniversal parent’s 33% minority stake in Hulu as early as January 2024 – and Comcast can require that Disney do so.

Disney CEO Bob Iger has changed strategic course on Hulu, revealing that “cordial” and “constructive” discussions have started with Comcast about Disney acquiring its one-third stake in the streaming service.

Hadley Gamble, whose complaints led to the firing of ex-NBCUniversal boss Jeff Shell late last month, is leaving CNBC, the network said today.

Elsa Keslassy International Correspondent Paris-based company Indie Sales has acquired Teddy Lussi-Modeste’s topical third feature, “The Good Teacher,” co-written by “Happening” filmmaker Audrey Diwan. François Civil, the French star of “The Three Musketeers” and “The Wolf’s Call,” stars as a young teacher wrongfully accused of sexual misconduct by a teenage girl from his class. As he faces mounting pressures from the girl’s older brother and her classmates, the situation spirals out of control: Allegations spread, the entire school is thrown into turmoil, and the teacher has to fight to clear his name. “The Good Teacher” marks the second collaboration between Indie Sales and Lussi-Modeste following “The Price of Success” which screened at Toronto and San Sebastián New Directors’ competition. “The Price of Success was picked up by Netflix for a multi-territory deal including the US.

Jennie Punter Last year, during an online panel at Hot Docs film festival featuring Ukrainian documentary filmmakers who were staying in place, Oksana Karpovych told attendees how she’d gained knowledge working alongside foreign media crews covering the war, and was now applying that to her own creative documentary projects. This year, at the festival’s 30th anniversary edition, Karpovych attended the in-person Forum market event to pitch “Intercepted” — her observational doc exploring the aftermath of the Russian invasion of Ukraine in 2022 — which ended up winning the 2023 CMF-Hot Docs Canadian Pitch Prize. With Ukraine in the spotlight at Hot Docs this year, both audiences and industry attendees are getting wide exposure to the films and ideas of leading Ukrainian documentary creators. The timing of this programming is perfect, said Hot Docs programmer Myrocia Watamaniuk, not only for the obvious reason.

EXCLUSIVE: Audiences are eager to see Mark Consuelos in the hosts’ seat.

waging “psychological warfare” on contestants.Don’t get your hopes up, haters: Perry and co-judge Lionel Richie are only out temporarily as they head to the UK to perform at the coronation for King Charles III. Sheeran, 32, and Morrissette, 48, were announced as the “big time” guest judges on Sunday’s episode of “Idol” and will join country star, Luke Bryan, as the competitors are whittled down to the top 5.

complaint filed by CNBC’s Hadley Gamble alleging sexual harassment, earned a total compensation package in 2022 that reached $21.01 million, compared with $21.6 million in 2021 and $16.5 million in 2020. The 2022 package included a $2.5 million base salary, $6.61 million in stock awards, $4.19 million in option awards, $7.5 million in non-equity incentive plan compensation, which represent annual performance-based bonuses, and $215,130 in “other compensation,” including $202,755 for Shell’s personal use of the company-provided aircraft.“As previously disclosed, Mr.

just 48% of U.S. adults had a monthly cable or satellite subscription, while a slim majority had signed on for streaming services.Indeed, Comcast, which owns NBCUniversal, also reported that its streaming service Peacock picked up 2 million net new subscribers in the quarter.As a result of the decline in cable subscribers, Comcast saw revenue from video fall 8% year-over-year to $7.38 billion in the first quarter, down from $8 billion last year.Put another way, cable TV revenue in the first quarter was not quite 25% of Comcast’s total revenue of $29.69 billion.At the same time, both broadband and wireless customers in the U.S.

Cynthia Littleton Business Editor The first rumblings about Comcast considering a major change involving NBCUniversal started this time last year.Now, in the wake of NBCUniversal CEO Jeff Shell’s abrupt firing, industry speculation about what may be in store for the network-studio conglomerate has gone into what-if overdrive. Maybe NBCU merges with Hulu to become a stand-alone company. Maybe the cable operations of Comcast and the satellite business of the U.K.-based Sky are separated from NBCU.

Newly interim NBCUniversal boss Mike Cavanagh has spoken out on the Jeff Shell shocker for the first time and said he’ll be in the post overseeing the entertainment unit “for a while.”

Shell was terminated with cause on Sunday after Comcast investigated allegations that he engaged in inappropriate conduct with a female employee, later identified as Hadley Gamble. Gamble, a CNBC anchor and senior international correspondent, filed a complaint alleging sexual harassment, her lawyer said.“During the investigation, evidence was uncovered that corroborated the allegations,” the company noted in an 8-K filing on Monday.

Comcast reported a 4% year-over-year dip in revenue in the first quarter, to $29.7 billion, but still exceeded Wall Street forecasts.

The third and final Manchester United takeover deadline is on Friday and updates about the process is again beginning to filter out in advance of it.

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As the cost of living crisis continues, households are doing everything possible to save money, especially on energy bills. Switching devices off at the mains, such as TVs and games consoles, is a common way to cut back on power usage.

The Irish Film And TV Academy (IFTA) have revealed this year’s nominees for the Screen Ireland – IFTA Rising Star award.

NBCUniversal CEO Jeff Shell was dismissed “with cause” due to “inappropriate conduct” and “sexual harassment” of an employee, according to a new SEC filing from parent company Comcast.

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Fox, Comcast and Warner Bros Discovery shares each took a dip Monday after the media companies took turns generating industry-shaking headlines over less than 24 hours.