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COMCAST CORPORATION (CMCSA)
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Comcast : LG Partner to Provide Xfinity Customers Access to Their Xfinity TV Subscription on LG TVs

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09/26/2017 | 02:26pm CET

PHILADELPHIA, Sept. 25 -- Comcast, a cable television company, issued the following news release:

Comcast and LG Electronics USA today announced Xfinity TV customers will be able to access their cable service via the Xfinity TV Partner app on 2017 and 2018 LG webOS Smart TVs beginning in 2018.

Featuring the Emmy Award-winning X1 guide, the app will allow Xfinity TV customers to watch live and on demand programming, including local broadcast and Public, Educational and Governmental channels, as well as their cloud DVR recordings, delivered over Comcast's secure private managed network on LG 4K Ultra HD Smart TVs led by the critically acclaimed LG OLED and LG SUPER UHD TVs.

"With our award-winning webOS user experience, Comcast customers will be able to take advantage of an easy-to-use interface and fast application performance on 2017 and 2018 webOS-enabled TVs," said Matt Durgin, Head of Content Innovation for LG Electronics USA. "Working with Comcast will bring these experiences to our customers so they can seamlessly enjoy their favorite content on our award-winning 4K Ultra HD TV line-up without the need for a set-top box."

Comcast launched the Xfinity TV Partner Program last year to expand the range of retail devices Xfinity TV customers can use to access the programming that is included with their subscription. Leveraging open standard HTML5 technology, the Xfinity TV Partner Program provides a common framework that smart TV, TV-connected and IP-enabled retail device manufacturers can use to develop an Xfinity TV Partner app for their device so that Xfinity TV customers can access their cable service in their homes without the need to lease a set-top box from Comcast.

"We remain committed to giving Xfinity TV customers more options for watching their favorite programming in the home, so we're thrilled to partner with LG to bring our app to their TVs," said Michael Gatzke, Vice President, Video Subscription Services, Comcast Cable. "We recognize that today's consumers are looking for more choices in how, when and where they access their entertainment, and via partners like LG we can expand the range of devices they can use in the home to do just that."

Comcast expects to launch a beta of the Xfinity TV Partner app on LG Smart TVs, starting with 2017 models, early next year.

All LG Smart TV models feature the latest generation of LG's highly-acclaimed webOS Smart TV platform, which makes finding and switching between limitless content options - including broadcast TV, streaming services, a growing library of 4K and HDR programming and external devices - simple and fast. For more information on LG's home entertainment lineup, visit http://www.lg.com/us/tv-audio-video.

Partners who are interested in including the Xfinity TV Partner app on their devices can visit https://developer.xfinity.com/cableapp or contact Comcast directly via email at [email protected]

Targeted News Service, source News Service

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Financials ($)
Sales 2017 84 445 M
EBIT 2017 18 288 M
Net income 2017 9 877 M
Debt 2017 60 654 M
Yield 2017 1,51%
P/E ratio 2017 20,18
P/E ratio 2018 17,77
EV / Sales 2017 3,03x
EV / Sales 2018 2,83x
Capitalization 195 B
Chart COMCAST CORPORATION
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Comcast Corporation Technical Analysis Chart | CMCSA | US20030N1019 | 4-Traders
Technical analysis trends COMCAST CORPORATION
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 32
Average target price 45,4 $
Spread / Average Target 9,0%
EPS Revisions
Managers
NameTitle
Brian L. Roberts Chairman, President & Chief Executive Officer
Michael J. Cavanagh Chief Financial Officer & Senior Executive VP
Kenneth J. Bacon Independent Director
Sheldon M. Bonovitz Director
Jeffrey A. Honickman Independent Director
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