In a quarter when analysts expected growth to slow substantially, Comcast surpassed almost every expectation, adding 354,000 broadband customers and reporting strong revenue and cash-flow growth in the second quarter.
Despite some setbacks, NBCUniversal still expects the Tokyo Summer Olympics to be profitable. Speaking on parent company Comcast's earnings call Thursday morning, NBCU CEO Jeff Shell said that linear ratings for the games have been "less than we expected" over the event's first six days, but "digital strength has kind of offset that."
Univision Communications has acquired a significant equity stake in mixed-martial arts franchise Combate Global. The deal is the latest in a series of moves at Univision since it was acquired by a group led by former Viacom CFO Wade Davis.
The gap between the popularity of OTT services and pay TV services in broadband homes continues to grow, with 82% of US broadband households subscribing to at least one OTT service, a six point bounce in one year, while 58% subscribe to a traditional pay-TV service, a decline of four points in the last year, according to new data from Parks Associates.
Bob Bowlsby, commissioner of college football's Big 12 Conference, has sent a cease-and-desist letter to ESPN accusing the sports broadcaster of trying to lure Texas A&M and Oklahoma State to break away and join the Southeastern Conference. The sports giant, which owns the SEC Network, said the claims have no merit.
Netflix announced that all cast and "zone A" crew (those who come in contact with the cast) on its U.S. productions will have to be vaccinated against COVID-19 in order to show up for work. The streamer is the first major studio to implement such a mandate after the Hollywood unions reached an agreement with the studios last week on new safety protocols.