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

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

The Olympics are putting Comcast and NBC in a tough spot

It could be a premise for a Netflix thriller: An American company is trying to run a media business inside a dictatorship that is imprisoning minorities and threatening its neighbors. The U.S. executives have to walk a fine line, placating the regime while showing the world the ugly things that are happening on the ground.

That is essentially the script for Philadelphia-based Comcast Corp., whose NBC network broadcast the opening ceremonies of the Beijing Olympics Games early Friday. Comcast is facing challenges on every front, with advocates for the Uyghurs, Tibetans, Hong Kong, and Taiwan residents demanding attention for legitimate concerns, while the government exacts obedience with its invasive surveillance system.

Topping it off, Comcast must also contend with homebound concerns: a traditional television audience that’s declining, and the fact that the Games will play out at inconvenient times for American and European viewers.

“Comcast is in a tough spot