At the UBS Global Media and Communications Conference, industry leaders discussed the evolving landscape of media and communications. Comcast's Dave Watson projected over 100,000 broadband subscriber losses in Q4 due to hurricanes, while Fox and Disney executives emphasized their strategic participation in Venu to enhance viewer engagement without replicating existing bundles. Roku's CFO highlighted their competitive edge and strong partnerships, and TKO Group's Mark Shapiro expressed interest in expanding the Professional Bull Riders and exploring organic growth in boxing.
Comcast Cable CEO Dave Watson announced that the company anticipates losing over 100,000 broadband subscribers in the fourth quarter due to intense competition, particularly from wireless providers. Following his remarks, Comcast shares fell more than 8%. Despite ongoing losses, the broadband business remains stable in higher-end packages, with nearly 32 million domestic customers as of September 30.
Dave Watson, President and CEO of Comcast Cable, will speak at the UBS Global Media and Communications Conference on December 9, 2024, at 9:45 A.M. Eastern Time. The event will be streamed live on Comcast's Investor Relations website, with an on-demand replay available afterward. Investors can subscribe to email alerts for financial news through the same website.
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.
