A Collection of Resources To Tell The Story of Comcast
A look inside an American telecommunications giant, Comcast. From a small cable system in Tupelo, Mississippi, starting with 1,200 subscribers, to one of the largest content providers in the united states, Comcast has come a long way from its humble beginning back in 1963.
Founded by Ralph J. Roberts, Daniel Aaron, and Julian A. Brodsky, Comcast would grow to be a leading cable, telecommunications, and entertainment firm. Located in Philadelphia, Pennsylvania. Comcast continues to grow in subscribers, content, and acquisitions.
I’m sure the founders couldn’t imagine that in 2017 the company would employ 164,000 people, have reported earnings of $22.7 billion, and revenue of over $84 billion!
Some of the companies I am familiar with are that Comast Owns:
Universal Parks & Resorts
There are many more in the resources to follow
The effects of the company on society are both good and bad, It has brought entertainment to millions of people, educational programs, sports, movies, TV Programs, and more. On the other hand, with so many channels and programs society has less active things to do and many people have become glued to their TVs and don’t do much other than going to work and watching TV.
The same can be said for the internet and smartphones. I guess everything has pros and cons and with today’s technological world, it’s up to us to moderate the use of technology and find a balance that works well for us.
Some Interesting points about Comcast Include:
In the early days, Comcast’s growth was focused on strategic investments in rival cable systems, including Group W Cable, and Storer Communications.
In 2002 Comcast purchased AT&T Broadband, at the time the largest cable television operator in the United States, for $44.5 billion.
In 1997 Microsoft invested $1 billion in Comcast to enable the company to feed video and data into people’s homes when the Internet was just catching on to the public. It was supposed to consist of Microsoft software on a Comcast cable box, but that never happened.
Before it was called Comcast, Ralph Robert’s company was called International Equity Corp.
The founder Ralph J. Roberts, was inducted into the Cable Hall of Fame in the year 2000.
Comcast runs a program for corporate volunteering in the United States, called “Comcast Cares Day,”
Disney is not just Comcast’s competitor when it comes to movies, both companies have theme park divisions, and both were bidders for the Harry Potter property. Comcast won the bid.
On January 19, 2016, Comcast had a bigger market cap than Charter Communications, Time Warner Cable, and Cablevision, combined.
More interesting facts can be found in the facts section below.
Comcast has evolved from a small local cable provider to a nationwide conglomerate. Have a look at the sections to follow that contains a wide variety of articles. You can have a look at the company’s financials, it’s humble beginnings, it’s employee relations, executives, shareholders, and transformations over the years.
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