Television, movies, and more fill the vastness of this entertainment company. NBCUniversal Media is a leading media conglomerate anchored by its broadcast network NBC, with more than 200 affiliate stations (including 10 that are company-owned), and its Universal Studios feature film division. Other broadcasting operations owned by NBCUniversal include Spanish-language network Telemundo and a portfolio of cable TV channels that includes Bravo, E! Entertainment, Syfy, G4, USA Network, Oxygen, and news channel MSNBC. It also owns online portal iVillage and has a stake in video site Hulu. Comcast, the country's #1 cable systems operator, owns 51% of NBCUniversal and has agreed to acquire General Electric's 49% stake.
Change in Company Type
In early 2013 Comcast announced plans to take full ownership of NBCUniversal for nearly $17 billion. There was already a structure in place for Comcast to eventually take full control, but stronger than expected growth from the joint venture accelerated those plans. For GM, the divestiture is part of CEO Jeff Immelt's strategy to focus on industrial operations.
NBC programming is available throughout the US and in much of Canada. The company operates through US offices in New York, Los Angeles, New Jersey, Miami, and an international office in London. The media company's content is distributed to more than 200 countries around the world.
In addition to its wholly-owned network and cable channels, NBCUniversal is a partner in both The Weather Channel and A&E Television (AETN).
Universal Parks & Resorts, the movie-themed amusement park and resort operations owned by Universal Studios, has seen attendance rates sag as a result of the sour economy.
NBCUniversal, like other media conglomerates such as Time Warner and News Corporation, is focused on using its numerous distribution channels to maximize the profit potential of its creative content. However, the company has been beleaguered by uneven performance at the box office and low ratings for its broadcast network. The recession has also had a negative impact on advertising revenue and home entertainment DVD sales.
NBCUniversal has turned significant focus toward digital entertainment and online media distribution to capitalize on new technologies. The company has an almost 30% stake in video streaming site Hulu.
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