Comcast Technology Solutions Selected by Deutsche Telekom as Centralized Cloud Management Platform For Magenta TV

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Comcast Technology Solutions Selected by Deutsche Telekom as Centralized Cloud Management Platform For Magenta TV

Magenta TV, now powered by Comcast Technology Solutions’ Cloud TV Suite, to provide consumers with broad access to TV shows and movies across connected devices and markets

DENVER and BONN, Germany, June 6, 2022 /PRNewswire/ — Comcast Technology Solutions, a division of Comcast Cable that provides media and entertainment technology to content providers, operators, and advertisers, announced today that its Cloud TV Suite is being deployed as the new back-end platform for Deutsche Telekom’s Magenta TV in selected markets. Deployments began in Austria and will be phased across other Deutsche Telekom markets throughout 2022.

Deutsche Telekom is one of the world’s leading integrated telecommunications companies. Magenta TV combines conventional TV, media and video libraries, streaming services, and exclusive content for subscribers with advanced features like time shifted viewing, show restarts, replays, and more. Comcast Technology Solutions’ Cloud TV Suite provides a unified platform and common architecture to power

Oregon Business – High-Speed Internet Access Unlocks Communities’ Potential

Comcast is in the midst of a $15 million project to expand high-speed broadband in Woodburn and Hubbard, spreading its suite of solutions across the Oregon and SW Washington area, particularly within rural communities.

But its investment goes beyond meeting the growing demand of reliable service. By offering connectivity and managed services, Comcast has energized a partnership within these areas that builds better businesses and helps communities thrive.

In Woodburn, where the urban growth boundary recently has been expanded, business is poised to boom as more residents and industry call the city home. And in Hubbard — though its population is small at under 4,000 in 2020 — a strong industrial base increasingly relies on robust digital connections.

In these two towns, and in most places, COVID pushed businesses to improve their operations through new and more advanced technology. The pandemic accelerated the demand for high-speed, reliable internet access and

Why Comcast Stock Dropped 15.1% in April

What happened

Shares of Comcast (CMCSA -1.99%) dropped 15.1% in April, according to S&P Global Market Intelligence. The media and cable conglomerate reported its first-quarter earnings, which came in above expectations, but investors still decided to sell off the stock toward the end of the month. Compared to the S&P 500, which was down 8.8% in April, Comcast trailed the index by 6.3% in the period.

So what

Comcast is an entertainment and telecommunications conglomerate with a market capitalization of $179 billion. It owns a broadband internet/cable business, NBC Universal, Sky Entertainment, and many other assets.

Image source: Getty Images.

On April 28, the company reported earnings for the first three months of 2022. Revenue of $31 billion, up 14% year over year, beat analyst expectations of $30.5 billion going into the report. Adjusted earnings per share (EPS) hit $0.86, up 13% year over year. This number

Application for Comcast RISE small business initiative set to open

Comcast Corporation has announced that it will begin accepting applications for hundreds of grants that aim to benefit small businesses owned by minorities and women across 29 states.

Known as Comcast RISE, the program will award grants, consulting media and creative production services, or technology upgrades to minority or women owned small businesses such as restaurants, salons, retail shops, and those that offer professional services, according to the corporation. “RISE” in the program name stands

Comcast Is Doubling Down on Peacock

Since launching Peacock in the summer of 2020, Comcast‘s (NASDAQ:CMCSA) management hasn’t provided a lot of details on the business. But it was ready to share some key metrics with investors during its fourth-quarter earnings call in late January.

The biggest news from management was its plan to double its content spending for Peacock in 2022 from $1.5 billion to $3 billion. Here’s what’s giving management the confidence to double down on Peacock, and how that will impact investors.

A viewer holds a tablet displaying streaming video.

Image source: Getty Images.

Peacock is starting to take flight

Comcast is starting to see some momentum with Peacock. It reported 24.5 million monthly active accounts, which combines free streamers who log in at least once in a month with paid subscribers. Nine million of those active accounts are paid subscribers, and management says another 7 million of the free users are highly engaged with strong potential to convert to