Wonya Lucas, a veteran media exec who held the post of CEO for Hallmark Media Networks and TV One, has been appointed to Comcast‘s board of directors.
Wonya Lucas, a veteran media exec who held the post of CEO for Hallmark Media Networks and TV One, has been appointed to Comcast‘s board of directors.
Comcast said chairman and chief executive Brian Roberts‘ pay package for 2023 totaled $35.47 million, up from $32 million the year before. It included a $2.5 million base salary, stock awards valued at about $15 million, $9.2 million in option awards and $8.55 million in what’s called non-equity incentive plan compensation – like a cash bonus.
Todd Spangler NY Digital Editor Brian Roberts, chairman and CEO of Comcast, had a compensation package worth $35.47 million in 2023, as he saw his pay rise 11% from the year prior. Roberts, who oversees the cable giant and NBCUniversal, last year had a salary of $2.5 million, stock awards worth $15 million, stock options worth $9.2 million and a $8.55 million cash incentive bonus. In 2022, his compensation totaled about $32.1 million.
Fritz Wepper, a German actor with a prolific TV career in his native country but known to American audiences for his funny and heartfelt performance as a German Jew is Bob Fosse’s hit 1972 Oscar-winning musical film Cabaret, died Monday at a hospice facility in Munich. He was 82.
Comcast hosted about 300 at its Philadelphia headquarters Tuesday to highlight the technology side of its business, one that’s less covered than entertainment but sets it apart from media rivals, and gives its content an attractive home.
Comcast execs did some more crowing about Peacock’s landmark AFC Wild Card game this month and said it drove paid signups to the streaming service. They declined to specify how many new customers came aboard but said they’re focused on retaining those — and all — subscribers and scaling up the streamer, which passed $1 billion in revenue and hit 31 million subscribers last quarter.
Brian Steinberg Senior TV Editor Comcast saw fourth-quarter profit surge by 7.8% as the cable giant increased the number of businesses using its communications services, its Peacock streaming hub added 3 million subscribers and its theme parks saw robust activity. “Our unique and complementary capabilities will enable us to capitalize on the many opportunities ahead,” said Brian Roberts, the company’s chairman. Comcast is, like its rivals, navigating in a difficult period for media companies as one-time TV viewers migrate to streaming video, reducing interest in traditional linear entertainment services and traditional cable.
“It’s a quarter of a century later, and I’m still f*cking being discovered by Sundance,” beamed Christopher Nolan tonight at the Sundance Film Festival Opening Night Gala as he received the inaugural Trailblazer award.
Disney is going all in for Hulu.
Editor’s note: Deadline will update this post as more donations and efforts by major media entities are announced.
EXCLUSIVE: The writers have turned up to the theme parks.
Paramount Global CEO Bob Bakish said the Disney-Charter carriage dispute took a “notable” financial toll on many pay-TV stakeholders, but he touted his efforts to “modernize” the company’s distribution relationships for the streaming era.
Comcast and Disney have modified their Hulu agreement to enable the expected buyout of Comcast’s one-third stake in the streamer to begin on September 30 instead of next January.
Jennifer Maas TV Business Writer Comcast and Disney last week signed a modification agreement to bring forward the timing of their formal Hulu sale talks to Sept. 30 from its previous January 2024 timeline, Comcast CEO Brian Roberts says.
Comcast CEO Brian Roberts kicked off an appearance Wednesday at the Goldman Sachs Communacopia & Technology Conference by saying he’s “not completely surprised” by the Disney-Charter carriage battle.
California Treasurer Fiona Ma has sent letters to the CEOs of seven Hollywood studios urging a return to the bargaining table with the WGA and SAG-AFTRA to end a months-long double strike that’s shut down much of the entertainment industry and is taking a major toll on the California economy.
“I know how to change bad news into good news,” Edward L. Bernays, the father of public relations, used to boast. Since he was a nephew of Sigmund Freud, I wonder how he’d find a positive mind-set among today’s practitioners of his craft.
Trustees of New York City’s $250 billion pension funds have warned Disney, Paramount and Comcast that they risk losing investor confidence if they allow the Writers Guild and SAG-AFTRA strikes to drag on much longer. The WGA has been on strike since May 2, and SAG-AFTRA since July 14.
Disney interim chief financial officer Kevn Lansberry said the company is “very comfortable with our current liquidity position” as the time approaches for it to buy Comcast’s one-third stake in Hulu.
Mike Cavanagh, the president of Comcast who was recently named the de-facto head of NBC Universal, said the company remains “committed to reaching a fair deal [with actors and writers[ as soon as possible, so we can get back to doing what we do best, which making great content together.”
Media giant Comcast beat on its top and bottom line for the three months ended in June with theme parks and studio strong, even as the latter basks in another giant opening, for Opppenheimer, in the current third quarter.
Jennifer Maas TV Business Writer Comcast reported its second-quarter 2023 earnings Thursday, revealing theatrical revenue rose 65.9% year over year with the release of “The Super Mario Bros. Movie,” while Peacock added just 2 million more subscribers over the three month period. At the end of Q1, Comcast said the NBCUniversal streamer had reached 22 million U.S.
The news Thursday about Universal Filmed Entertainment Group chairman Donna Langley’s ascent to bring TV content under her domain doesn’t just speak to the greater NBCUniversal plan to have a more unified strategy across theatrical, TV and streaming.
Writers Guild of America is opening up a new front against the studios as its strike continues, as WGA West President Meredith Stiehm sent an open letter to Netflix and Comcast shareholders calling on them to reject the pay packages for those companies’ top executives that are up for a vote. Netflix is set to have its annual shareholders meeting on June 1, with Comcast, parent company of NBCUniversal, holding its shareholder meeting on June 7.
The CEO of NBCUniversal parent Comcast said it’s “more likely than not” the company will end up selling its third of Hulu to Disney, after his Mouse counterpart indicated clearly last week that this would be Disney’s preferred outcome. There’s been some grandstanding over the past year as the deadline approaches, but both of Hulu’s parents appear to be on or near the same page now.
Comcast CEO Brian Roberts addressed the company potentially selling its 33% stake in the streamer. “I think it’s more likely than not,” Roberts said. “I’m pretty certain if and when we sell our Hulu stake, it’ll be for more than what we have, and in fact, that’s contractually certain.”Disney currently owns 67% of Hulu with with Comcast’s NBCUniversal holding a minority stake.
Twitter has a new CEO.
Wall Street Journal report that she is in talks to become Twitter’s new chief executive officer. “It has been an absolute honor to be part of Comcast NBCUniversal and lead the most incredible team,” she said in a statement. “We’ve transformed our company and the entire industry—and I am so proud of what we’ve accomplished together, and grateful to my colleagues and mentors, especially Brian Roberts, Mike Cavanagh and the entire NBCU leadership team.”Since joining NBCU in 2011, Yaccarino’s team has generated more than $100 billion in ad sales, expanded the company’s reach globablly, helped launch Peacock, and made massive investments in data and technology capabilities.
Hadley Gamble, whose complaints led to the firing of ex-NBCUniversal boss Jeff Shell late last month, is leaving CNBC, the network said today.
unable to reach a deal in contract negotiations with the Alliance of Motion Picture and Television Producers.The guild has shared an infographic that outlines the $773 million in combined salary that eight major Hollywood studio CEOs made in 2021. They include Endeavor CEO Ari Emanuel ($308.2 million), Warner Bros.
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