Brian Roberts Latest Celebrity News & Gossip

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.

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.

Todd Spangler NY Digital Editor Jeff Shell, the former chief executive of NBCUniversal, forfeited stock grants and options worth $43.3 million after he was fired for cause earlier this week, according to a Comcast regulatory filing. Shell was terminated as CEO of NBCU over the past weekend after an internal investigation into his relationship with Hadley Gamble, an international correspondent for CNBC. “As previously disclosed, Mr. Shell’s employment was terminated with cause on April 23, 2023. As a result, he did not receive any supplemental payments or benefits in connection with his termination,” Comcast said in its 2023 proxy statement. “He will receive only his accrued but unpaid base salary and vacation time, vested employee benefits and reimbursement for any unreimbursed business expenses in accordance with his employment agreement.”

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.”

Comcast CEO Brian Roberts kicked off the company’s first-quarter earnings call by acknowledging the abrupt dismissal of NBCUniversal chief Jeff Shell last Sunday.

Brian Steinberg Senior TV Editor Comcast said it managed to boost profit during its fiscal first quarter even as it navigated a dip in media advertising and slowing growth among broadband subscribers, yet boosted U.S. subscribers to its Peacock streaming hub to 22 million. The Philadelphia owner of NBCUniversal, Sky and its large broadband and cable business said profit came to $3.83 billion, or 91 cents per share, compared with $3.55 billion, or 78 cents per share in the year-earlier period. Comcast reported earnings per share of 92 cents after adjusting for one-time items Revenue fell 4% to $29.69 billion, compared with $31.01 billion in the year-earlier period, thanks to comparisons with a quarter in 2022 that contained both the broadcast of the Super Bowl and the Beijing Olympics.

Jennifer Maas TV Business Writer Top Comcast execs made their first public comments on the departure of NBCUniversal CEO Jeff Shell Thursday, remarks that came as the company reported its Q1 earnings results. Comcast CEO Brian Roberts opened a call with investors by saying Shell’s exit due to “inappropriate relationship” with a subordinate was “obviously a tough moment” adding, “we are so fortunate to have a fabulous and tenured leadership team at NBCUniversal.” “When you go down the list, you’ll see many of them have been leading their divisions within the company for at least 10 years and are the best in the business,” Roberts said. “We are also lucky to have Mike Cavanagh stepped in to help NBCUniversal while also remaining president.”

Jeff Shell looked more like a snowy-haired roadie than a VIP as he milled about in the wings of the Sahara Tent ahead of Blink-182’s set at Coachella on April 14. The NBCUniversal CEO had spent the day at the festival with his wife, Laura, in anticipation of the band’s first show in nearly a decade. Later, he took a seat alongside a leather-clad Kourtney Kardashian, whose long-running “Keeping Up With the Kardashians” holds a significant presence in the NBCUniversal spread, with all 20 seasons of the reality show having recently moved from Hulu to Peacock. But Shell wasn’t there on business. He enjoys close ties with the band’s bassist and co-lead vocalist, Mark Hoppus, a friendship forged thanks to their kids attending the same school in L.A.

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.

EXCLUSIVE: Multiple sources tell Deadline that the woman who filed the complaint against NBCUniversal CEO Jeff Shell for inappropriate conduct was CNBC anchor and Senior International Correspondent Hadley Gamble.

Comcast President Mike Cavanagh will take over Jeff Shell’s role at NBCUniversal as the former CEO exited suddenly Sunday after an investigation of inappropriate conduct.

Comcast President Mike Cavanagh said the media giant would of course consider alternative proposals for its stake in Hulu but they’d have to top its longstanding agreement to sell its remaining stake in the streamer to Disney next year.

13D and 13G reports. For those outside of the inside-baseball world of corporate finance: Forty-five days out from the end of the year, companies are required to have filed 13D and 13G disclosure forms with the Securities and Exchange Commission. These reports are required for investors who amass 5% or more of a company’s total stock issue. Starting with this primer on how to monitor big-dollar investment bets, Variety will offer a quarterly survey of how the media and entertainment sector is faring among the world’s most sophisticated stock pickers.

“Soon, we’re going to add another Super Nintendo World to Universal Orlando Resort,” announced Universal Parks & Resorts Chairman and Chief Executive Officer Mark Woodbury on Wednesday night at the grand opening event for the same-named attraction at Universal Studios Hollywood. He then admitted that the news may have been “the worst-kept secret in history.” You can watch the moment below.

Disney CEO Bob Iger said today that he’s open to selling Hulu — instead of forking over billions of dollars to buy out Comcast’s stake in the streaming platform.

NBCUniversal CEO Jeff Shell said execs at the company and parent Comcast are “more confident” than they were a year or two ago that investments in streaming service Peacock will soon yield profits. How soon remains a bit unclear, however.

NBC Universal CEO Jeff Shell said the company is always eyeing possible deals to bolster its business, citing the $3.8-billion acquisition of DreamWorks Animation in 2016 and Universal’s partnership with Blumhouse Productions.

Comcast has upped its Deputy Chief Financial Officer Jason Armstrong to the CFO post, succeeding Mike Cavanagh, who was named president of the NBCUniversal parent last October.

Comcast has disclosed contract terms for Michael Cavanagh, a longtime exec who was promoted to president last October.

A platoon of titles hits the specialty circuit this weekend, getting in ahead of steamroller Avatar: Way of Water and the year-end deadline for Oscar eligibility. This is a soul-searching, what-lies-ahead moment for a market still much too inconsistent for comfort, but that can be pondered later. At the moment, indie distributors are quite busy “with all these movies, and these plans to release theatrically. We are not going anywhere,” said one executive.

At 15 million paid subscribers, Peacock isn’t on the same level as other streaming services, but NBCUniversal CEO Jeff Shell says that’s no accident.

BreAnna Bell Comcast Corporation has promoted Mike Cavanagh to president, making him the third person to occupy the role in the company’s 59-year history. He will continue to serve as chief financial officer in addition to working closely with chairman-CEO Brian Roberts on managing the company’s cable and broadband operations as well as NBCUniversal. “Today’s promotion will come as no surprise – Mike is admired and trusted by those who know and work with him,” Roberts said. “Mike has brought incredible operational and financial expertise to Comcast and is an integral part of our special company. He’s an outstanding partner and together we are focused on continuing to create new and exciting opportunities for growth.”  

With a bit more than a year left before Disney can buy out Comcast’s financial stake in Hulu, Comcast CEO Brian Roberts pushed back on Disney CEO Bob Chapek’s suggestion that Hulu’s value has declined amid public market skepticism about streaming.

Todd Spangler NY Digital Editor Is there a bidding war brewing over Hulu? Comcast chairman and CEO Brian Roberts called Hulu a “phenomenal business” — and said that if Disney were willing to sell it, the cable and media company would be interested in buying it out. “Hulu’s a phenomenal business. Its scale is fantastic. It has wonderful content,” Roberts said, speaking Wednesday at Goldman Sachs’ Communacopia + Technology Conference 2022 in San Francisco. “If it was up for sale, Comcast would be interested” in buying 100% of Hulu, and “others would I think as well.” Disney currently owns 66% of Hulu and Comcast holds the remaining 33% stake. As of July 2, 2022, Disney recorded Comcast’s interest in Hulu as being worth $8.6 billion, implying a valuation of $25.8 billion. In an auction-style sale of Hulu in its entirety, Roberts suggested, Hulu may fetch more than that.

Jennifer Maas TV Business WriterPeacock ended the second quarter of the year with 13 million paid subscribers, Comcast revealed along with its Q1 earnings results Thursday.That total is flat with the 13 milion paid subscribers Comcast reported for the streamer in Q1, which has both free, ad-supported and paid, ad-free tiers. When Comcast chairman-CEO Brian Roberts revealed that data back on April 28, also saying Peacock had 28 million monthly active accounts, he warned the company did not anticipate this dramatic level of growth quarter-to-quarter for Peacock becoming the norm, as the four million paid subscriber additions it boasted in Q1 were largely attributed to Peacock streaming both Super Bowl LVI and the Beijing Winter Olympics during the quarter.

Brent Lang Executive Editor of Film and MediaIt’s that time of year again. That post-July 4th period when media barons and billionaires break out the Brooks Brothers casual and don their sweater vests to hit an idyllic Idaho resort town of Sun Valley for another edition of “lets make a deal.”Many of the names expected to rub elbows next month are familiar ones. Microsoft founder Bill Gates, Liberty Media’s John Malone, Comcast chairman Brian Roberts, Alphabet CEO Sundar Pichai, Apple pasha Tim Cook and Berkshire Hathaway guru Warren Buffett are among those who have once again made the cut for Allen & Co.’s annual media conference.

according to Business Insider. The embattled company saw its share price rise 10% Wednesday while Netflix’s stock price has risen 2%. In response to recent chatter, Roku has reportedly halted the employee trading window, which prevents employees from selling vested stock.