Tuesday, November 9, 2021

CMCSA stock: NBCUniversal Media, LLC | My first 20 minutes reading about NBCUniversal Media, LLC

 NBCUniversal Media, LLC, doing business as NBCUniversal (formerly known as NBC Universal, Inc. from 2004 to 2011), is an American multinational mass media and entertainment conglomerate corporation owned by Comcast and headquartered at 30 Rockefeller Plaza in Midtown Manhattan, New York City, United States.[5]

NBCUniversal is primarily involved in the media and entertainment industry. The company is named for its two most significant divisions, the National Broadcasting Company (NBC) – one of the United States' Big Three television networks – and the major Hollywood film studio Universal Pictures. It also has a significant presence in broadcasting through a portfolio of domestic and international properties, including USA NetworkSyfyBravoTelemundoUniversal Kids, and the streaming service Peacock. Via its Universal Parks & Resorts division, NBCUniversal is also the third-largest operator of amusement parks in the world.[6]

NBCUniversal was formed on August 2, 2004, with the merger of General Electric's NBC with Vivendi Universal's film and television subsidiary Vivendi Universal Entertainment, after GE had acquired 80% of the subsidiary, giving Vivendi a 20% share of the new company.[7][8] In 2011, Comcast attained 51% and thereby the control of newly reformed NBCUniversal, by purchasing shares from GE, while GE bought out Vivendi. Since 2013, the company has been wholly owned by Comcast, which bought GE's ownership stake.[9]

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