Dallas, Texas 12/12/2013 (FINANCIALSTRENDS) – Comcast Corporation (NASDAQ:CMCSA) is a company that provides information, entertainment and communications services and products. It operates in these business segments: 1) Cable Communications provides video, 2) high-speed Internet and voice services to business and residential customers; 3) Cable Networks consists mainly of its national cableTV networks, 4) the regional sports & news networks the international cable networks, 5) its cable television production studio, and the related digital media properties
Open House time
The company has been very busy lately on many fronts so a quick pan of all Comcast Corporation (NASDAQ:CMCSA) landscape will be the right thing to do. It is convening an open-house at its recently-expanded Innovation Center in the Silicon Valley. Comcast Corporation (NASDAQ:CMCSA) will preview its product innovations that are in the pipeline.
In addition to this, it will also discuss various partnerships in the Silicon Valley as these will help it move forth into innovation in the industry in a broader sense. The company interacts with technology partners like Altia Systems, Twitter as well as the California Telehealth Network. These partners will also be at the open-house and will demo their new innovations that have been created in conjunction with Corporation (NASDAQ:CMCSA).
The swinging axe
Of course, the company is a leader in the field and it will innovate but it has also been feeling the heat from companies like video streaming companies like Netflix, Inc. (NASDAQ:NFLX). The latter already has a strong hold on 89% of the streaming space and any future growth will definitely mean and axe on the neck of cable companies. Even as it grapples with the Netflix issue that does not seem like it is going to swing in Corporation (NASDAQ:CMCSA)’s favor anytime soon.
The new competitor
Aereo is another issue that has reared its ugly head. The company seems to be a winning star all of a sudden and it is now considered to be a competitor for cable broadcasters. The latest and most heated issue surrounding it is that the broadcasters are at loggerheads with the company about its very right to exist. The unfortunate part is that Comcast Corporation (NASDAQ:CMCSA) is caught somewhere in the middle.
If you look at the company’s cable business, it is bound to profit from the slimmer transmission fees. But if you flip the coin and look at the issue from the content perspective, Comcast Corporation (NASDAQ:CMCSA) definitely stands to lose. And so companies like TWC and CBS will protest and so will CMCSA.
Towards the end of the day, there is a distinct possibility that cable companies and providers will in conjunction, try to protect the existing system that they both depend on equally. The end result might just be that they will opt for Streampix from Comcast Corporation (NASDAQ:CMCSA) or even Blockbuster from DISH. This will be a definite win for Comcast and a loss for Netflix, which seems to have got to the wrong side of the streaming scene.
Even with this storm brewing in the background, Comcast Corporation (NASDAQ:CMCSA) announced that the company and NBC Universal now feature on the list of “best places to work for” – for the LGBT community. And so, the company is doing something right on the human rights front as this is the 2nd time in a row that these companies have received the same honor