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Comcast Moves To Buy Dreamworks


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As stated in this article, Comcast has put up a $3.55 billion offer to buy Dreamworks. Kung Fu Panda? Madagascar? Comcastic.

The latest in a line moving to consolidate media in the hands of a few mega corporations.

Comcast's various businesses:

 — CABLE SERVICES: Comcast got its start providing cable TV services and grew to be the nation's largest cable provider, though it trails AT&T in overall TV subscribers following the phone company's purchase of satellite provider DirecTV last year. Comcast's cable services, which include high-speed Internet and phone services, generate about two-thirds of the company's revenue and income. It has more than 22 million TV customers.  

— TELEVISION: Comcast owns the NBC and Telemundo broadcast networks and operates 27 local TV stations. The company also owns such cable channels as CNBC, MSNBC, USA, Syfy, E! and Bravo. Sports networks include NBC Sports Network, Golf Channel and a few regional networks that cover hometown teams.  

— MOVIES: Even without DreamWorks Animation, Comcast already has a large TV and movie production business. It owns the Universal Pictures, Illumination and Focus Features studio brands. Major Universal franchises include "Jurassic Park," ''Despicable Me," ''Fast & Furious" and the Jason Bourne films.  — THEME PARKS: Comcast owns Universal theme parks in Florida and California and the Wet 'n Wild water park in Orlando, Florida. It has a majority stake in Universal Studios Japan and plans to open a theme park in Beijing. The theme parks include rides devoted to Harry Potter under license from rival studio Warner Bros.  

— ONLINE: Comcast has a hodgepodge of Internet businesses . Comcast bought the movie ticketing business Fandango in 2007 and bought the M-Go online movie service this year—from a joint venture that included DreamWorks Animation. M-Go is now FandangoNow. Through Fandango, Comcast is getting movie rating services Flixster and Rotten Tomatoes from Warner Bros. Meanwhile, the DreamWorks deal gives Comcast a controlling interest in AwesomenessTV, an online video service that targets younger viewers.

 — SPORTS: Through Comcast Spectacor, the Philadelphia-based company owns the Flyers hockey team and the Wells Fargo Center arena in Philadelphia.




Edited by DrGravitas
Adding in Comcast summary from article
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