Comcast Controls Majority Of NBC Now

Dec 3 2009, 11:41am CST | by Robert Evans

The entertainment landscape changed once again today, as Comcast announced a joint venture with GE's NBC Universal. As a result of the deal, Comcast will merge their cable channels with NBC and contribute $6.5 billion to the deal, in exchange for 51% control of the venture. Bloomberg.com states that the total worth of both entertainment units before the merger was $30 billion for NBC, and $7.25 billion for Comcast.

As you may recall, Comcast is currently working to make real WebTV a reality. Under their plan, all Comcast customers will be able to watch any TV programs from Comcast channels over the Internet. Currently CBS, Time Warner, Liberty Media, Scripps, Rainbow, and A&E have agreed to join Comcast.

It's not known if this merger means that NBC will also throw its hat into the ring for Comcast's On Demand Online service, but it is highly likely. It's hard to imagine Comcast going to the trouble of gaining a controlling interest in NBC and not trying to add it to their Web TV scheme.

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Robert Evans
The excitement about new smartphones, tablets and anything mobile drive Robert to unearth the latest rumors and developments in this fast moving space. He adopted 4G as soon as it become available and knows where the mobile market is going.
Robert can be contacted directly at robert@i4u.com.