9,082
edits
Changes
→Company Expansion
In 2006, Comcast entered into a long-term distribution agreement with Walt Disney's Media Networks and Services including some of ABC's primetime series. The company also acquired Walt Disney's 39.5 stake ($1.2 billion) in E! Networks. Comcast became the sole owner of E! Networks.<ref>[http://www.comcast.com/about/pressrelease/pressreleasedetail.ashx?SCRedirect=true&PRID=24 Comcast And The Walt Disney Company Announce Long-Term Comprehensive Distribution Agreements Securing Carriage for Disney Media Networks’ Products and Services]</ref>
In 2006, Comcast entered into a long-term distribution agreement with Walt Disney's Media Networks and Services including some of ABC's primetime series. The company also acquired Walt Disney's 39.5 stake ($1.2 billion) in E! Networks. Comcast became the sole owner of E! Networks.<ref>[http://www.comcast.com/about/pressrelease/pressreleasedetail.ashx?SCRedirect=true&PRID=24 Comcast And The Walt Disney Company Announce Long-Term Comprehensive Distribution Agreements Securing Carriage for Disney Media Networks’ Products and Services]</ref>
In 2011, the Federal Communications Commission ([[FCC]]) approved the joint venture between Comcast and GE with certain conditions.Under the terms of the merger agreement, Comcast paid GE $13.8 billion to form NBC Universal LLC., wherein 51% percent of newly formed company is owned by Comcast and the remaining 49% is owned by GE. The operations of NBC Universal will be managed by Comcast excluding the Hulu Online Video Services since the management of the service is shared by NBC with News Corp. and Walt Disney Co. Comcast will not interfere with subscribers web traffic and it will share the NBC programming with its competitors and to provide more high-speed internet to communities wit limited access.<ref>[http://www.bloomberg.com/news/2011-01-18/comcast-nbc-universal-deal-said-to-be-near-u-s-fcc-approval.html Comcast Wins U.S. Approval to Buy NBC Universal From GE for $13.8 Billion]</ref> <ref>
[http://www.comcast.com/about/pressrelease/pressreleasedetail.ashx?SCRedirect=true&PRID=1038 Comcast and GE Complete Transaction to Form NBCUniversal, LLC]</ref>
==Products & Services==
==Products & Services==