Comcast Controls Majority Of NBC Now

Posted: Dec 3 2009, 11:41am CST | by , Updated: Aug 11 2010, 6:01pm CDT, in News | Technology News

 
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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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