NBCU Chief Jeff Shell Says Comcast Open To “Bolt-On” Deals, Cites DreamWorks Animation Acquisition, Blumhouse Venture

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NBC Universal CEO Jeff Shell said the company is always eyeing possible deals to bolster its business, citing the $3.8-billion acquisition of DreamWorks Animation in 2016 and Universal’s partnershi…

’s majority owner and newly returned executive chairman is looking to sell with Comcast considered a logical buyer. WWE Network programming has been popular on Peacock and helped drive subscriber acquisitions since the service took exclusive U.S. streaming rights in 2021.

“And our Blumhouse investment over time, where we’re partners with Jason Blum, and we have a big hit,The comments come as Wall Street and industry players wonder if and how MA& activity will resume in 2023 after a 2022 stunted by economic jitters, high inflation and a battered stock market. Cavanagh said any outside deal would be weighed against Comcast investing directly in its own businesses, “where we control it, operate it, know what we’re doing, have no surprises.” He was promoted from CFO last fall and it working closely with Roberts on strategy.

 

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