Entertainment giant Comcast (CMCSA) just branched out into a whole new media operation, but in a way you might not expect. It is not a deal to have Universal content on some other platform, but rather, to handle some other platform’s infrastructure. Comcast struck a deal with Great American Media, and will be handling its channel origination and distribution operations. This did not sit well with investors, however, who sent Comcast stock down fractionally in Thursday morning’s trading.
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Comcast, via its Comcast Technology Solutions unit, will now handle managed channel origination, playout, and transmission services for Great American Media. Great American Media offers up a range of channel options, from the Great American Family brand that handles Christmas movies—even in April—and romantic comedies to the Great American Faith and Living group.
Comcast will handle the channel loadout using a Comcast Media360 product, Comcast MediaOrigination. This will also likely be a big part of the upcoming 2026 NAB Show, where Comcast Technology Solutions will show off its lineup of tools for streaming and broadcast operations.
Ted Makes the Jump
Fans of the Peacock series Ted, which features Seth MacFarlane’s very Bostonian bear, will be happy to know that there will be another option to catch this series. It will be making a jump to Netflix (NFLX) fairly soon. The bad news is that this development comes with a slug of caveats.
Starting April 30, several regions from South Africa to a large portion of Europe will be able to catch Ted on Netflix. However, there are also several parts of Europe that will not get to catch the mysteriously animated teddy bear in action. France is out of the picture, as is Spain. The United Kingdom and the United States will also be out of this action, only able to find Ted on Peacock.
Is Comcast Stock a Good Buy Right Now?
Turning to Wall Street, analysts have a Hold consensus rating on CMCSA stock based on four Buys, 11 Holds and two Sells assigned in the past three months, as indicated by the graphic below. After a 16.98% loss in its share price over the past year, the average CMCSA price target of $31.93 per share implies 14.2% upside potential.
