Thursday, December 3, 2009

NBC COMCAST DEAL

This kinda affects me do to the fact I get a lot of work from NBC UNIVERSAL. I work in the entertainment industry so that is why I don't keep up to date with this blog as I should.

FROM IGN.COM
Comcast Buys NBC Universal
Company now rivals Disney in size and strength.
by Matt Fowler
December 2, 2009 - CNBC is reporting that "the deal between General Electric and Comcast over a majority stake in NBC Universal is complete" and that the deal will be officially announced on Thursday. At this point, only the formality of processing the paperwork is left.

There still might be a long wait (possibly an entire year) for the FCC to approve the transaction, but as it stands Comcast will now own 51% of NBC Universal and GE will own 49% (down from an 80% share). This deal will make Comcast one of the biggest global entertainment companies "rivaling the heft of its former takeover target, The Walt Disney Co."

With this acquisition, Comcast now has access to NBC Universal's cable channels, such as Bravo, CNBC, along with the NBC and Telemundo broadcast networks, the Universal Pictures movie studio and the Universal theme parks.

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