Comcast may be shopping for broadband content
August 17, 2009
Cable
and broadband internet providerComcast may be in the market for a content company like Time Warner or Viacom, assuming the executives at Comcast think like former Disney CEO Michael Eisner.
In an interview with Broadcasting & Cable, Eisner said last week that there should be a lot of mergers and acquisitions activity in media over the next few years. He mentioned Comcast as a likely buyer.
"Comcast won't just be sitting there; they may want to recapture their dreams of going after Disney, but not with Disney specifically," Eisner told Broadcasting & Cable. "And I am sure [Comcast executives] Brian Roberts and Steve Burke have Time Warner high on their computer screens."
Eisner said he has "zero information about this whatsoever," so it is really just idle speculation. But the ex-Disney chief said "anyone paralyzed in a distribution business absolutely should be looking at high-end content."
Comcast has already made a deal with Time Warner Cable to offer the company's cable TV content online for its broadband internet subscribers. Time Warner agreed to license programming from its TBS and TNT networks for Comcast's On Demand Online trial.
The company also attempted to launch its own cable channel with the U.S. Olympic Committee, but that project has been put on hold, according to the Associated Press.
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