Disney can still play hardball with Comcast on Sky

Its results come as the takeover tussle for Sky rages on, which could see it come under the full ownership of Rupert Murdoch's 21st Century Fox or U.S. cable giant Comcast, which have both put forward multibillion-pound offers. The wireless service launched a year ago and is available only to Comcast internet subscribers.

Comcast - which owns NBC Universal and is the largest cable operator in the USA - has also dropped separate plans to bid for some of Fox's entertainment assets to "focus" on its recommended offer for Sky.

US cable company Comcast is leading the race to buy Sky after it offered 14.75 pounds a share this month, valuing the group at $34 billion.

On Thursday, the company reported a 22 percent jump in earnings to $3.22 billion, or 69 cents per share.

Running through the numbers, they boasted about their year-over-year revenue gains, including both consolidated revenue (up 2.1% to $21.7 billion) and cable operations revenue (up 3.4% to $13.7 billion). Comcast lost of 140,000 video subscribers, the fifth straight quarter it has shed TV customers. You're invited to attend Light Reading's Virtualizing the Cable Architecture event, a free breakfast panel at SCTE/ISBE's Cable-Tec Expo on October 23 in Atlanta.

The company also reported customer growth of 39% in the fourth quarter of its last financial year, taking the total number of European households using Sky to over 23mln, while its product portfolio saw growth of 81% in the same period.

Although, he added that Sky should be wary of getting into bed with Comcast as the corporation didn't "have the best reputation when it comes to customer service". "Overall, our successful results in the first half of 2018 underscore the strength we see across Comcast NBCUniversal". The company also added another 60,000 smart home customers to reach 1.236 million, while voice customers fell by 16,000 to 11.482 million. "At Cable Communications, we added 182,000 customer relationships, largely driven by our addition of 260,000 broadband customers, which was the highest second quarter result in 10 years".

“Were benefiting more from that competition than were losing, ” Roberts said.

Vanessa Coleman

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