Comcast 2015 Annual Report Download - page 4

Part I
Item 1: Business
We are a global media and technology company with two primary businesses, Comcast Cable and NBCUni-
versal. We were incorporated under the laws of Pennsylvania in December 2001. Through our predecessors,
we have developed, managed and operated cable systems since 1963. In 2011, we acquired control of the
businesses of NBCUniversal from General Electric Company (the “NBCUniversal transaction”), and in 2013,
we acquired the remaining 49% common equity interest in NBCUniversal Holdings that we did not already
own.
We present our operations for Comcast Cable in one reportable business segment, referred to as Cable
Communications, and our operations for NBCUniversal in four reportable business segments. The Cable
Networks, Broadcast Television, Filmed Entertainment and Theme Parks segments comprise the NBCUni-
versal businesses (collectively, the “NBCUniversal segments”).
•Cable Communications: Consists of the operations of Comcast Cable, which is one
of the nation’s largest providers of video, high-speed Internet and voice services
(“cable services”) to residential customers under the XFINITY brand; we also provide
these and other services to business customers and sell advertising.
•Cable Networks: Consists primarily of our national cable networks, our regional
sports and news networks, our international cable networks, and our cable television
studio production operations.
•Broadcast Television: Consists primarily of the NBC and Telemundo broadcast
networks, our 10 NBC and 17 Telemundo owned local broadcast television stations,
and our broadcast television studio production operations.
•Filmed Entertainment: Consists primarily of the operations of Universal Pictures,
which produces, acquires, markets and distributes filmed entertainment worldwide.
•Theme Parks: Consists primarily of our Universal theme parks in Orlando, Florida
and Hollywood, California. In November 2015, NBCUniversal acquired a 51% interest
in the Universal Studios theme park located in Osaka, Japan (“Universal Studios
Japan”).
Our other business interests consist primarily of Comcast Spectacor, which owns the Philadelphia Flyers and
the Wells Fargo Center arena in Philadelphia, Pennsylvania and operates arena management-related busi-
nesses.
For financial and other information about our reportable business segments, refer to Item 7: Management’s
Discussion and Analysis of Financial Condition and Results of Operations; and Note 18 to Comcast’s con-
solidated financial statements and Note 17 to NBCUniversal’s consolidated financial statements included in
this Annual Report on Form 10-K.
Available Information and Websites
Comcast’s phone number is [phone], and its principal executive offices are located at One Comcast
Center, Philadelphia, PA 19103-2838. NBCUniversal’s phone number is [phone], and its principal
executive offices are located at 30 Rockefeller Plaza, New York, NY 10112-0015. Comcast and NBCUni-
versal’s Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and
any amendments to such reports filed with or furnished to the SEC under Sections 13(a) or 15(d) of the Secu-
rities Exchange Act of 1934, as amended (the “Exchange Act”), are available free of charge on the SEC’s
1Comcast 2015 Annual Report on Form 10-K