![]() In 2005, Comcast made a massive move in the entertainment industry by acquiring the business, Metro-Goldwyn-Mayer, Inc. Comcast sportsnet was created in 1996, which later merged with Home Team Sports. Its rapid growth was spurred by acquisitions of rival cable systems such as Group W Cable and Storer Communications.Ĭomcast continued its expansion down other avenues by moving into the sports industry. The company later relocated to Philadelphia where it is headquartered to this day. Comcast’s Story History of ComcastĬomcast was founded in 1963 in Tupelo, Mississippi by Ralph Roberts, Julian Brodsky and Daniel Aaron. No other conglomerates in this sector even come close to these two, not even CBS or News Corp with revenues of 14.51 billion USD and 10.07 billion USD respectively. The corporation employs a whopping 184,000 employees as of 2019 and has a revenue of 108.9 billion USD, just short of it’s biggest rival, AT&T. The services Comcast Cable provides are communications, video and internet provider for individuals and businesses whereas NBCUniversal is a mass media, information, technology and entertainment conglomerate. Comcast Corporation is a global telecommunications company with two main businesses: NBCUniversal and Comcast Cable. ![]()
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