Comcast is the second-largest broadcasting and cable television company in the world going by revenue, and is a successful media company, but do you know who owns it?
Well, a lot of people have wondered: does Verizon own Comcast? If you’re curious about the answer, read below to find out what I discovered!
Does Verizon Own Comcast In 2023?
Verizon doesn’t own Comcast, which is a separate media conglomerate that owns a variety of media channels and organizations, such as Oxygen, Universal, NBC, and MSNBC as of 2023. Comcast offers Xfinity as an internet provider and Verizon offers FIOS, with Xfinity being geared towards sports and streaming services while FIOS is more about high-speed fiber internet.
Do you want to know more about Comcast, such as who owns it? If so, keep reading for more useful information!
Who is Comcast Owned By?
Comcast is owned by Brian L. Roberts (the son of the founder of Comcast), and he owns one-third of the shares of Comcast.
Additionally, Comcast was founded by Ralph Roberts in 1963, when he purchased a cable system in Mississippi called American Cable Systems, which only had 1,200 subscribers.
With the help of Julian Brodsky and Dan Aaron, Ralph was able to build Comcast into the conglomerate it is today, which has over 18.55 million subscribers.
Additionally, Comcast’s revenue for 2020 reached 3.56 billion, which shows just how massive of a network Comcast has become over the years from its humble beginnings.
What Companies are Owned by Comcast?
Comcast owns and operates Xfinity, which is an internet provider, and also owns a lot of media companies that have become major successes throughout the world, including the following:
- Universal Studios
- NBC Universal
- SNL Studio
- Telemundo Station Group
- EMKA Ltd.
- Peacock Production
- Carnival Films
- Lark Production
- Matchbox Pictures
- Monkey Kingdom
- Xfinity Mobile
- AT&T Broadband
- Movies 24
- Lucky Giant
- Patriot Media
- Universal Parks & Resorts
- Style Network
What Does Comcast’s Xfinity Offer That Verizon FIOS Does Not?
While people might think Xfinity and Verizon FIOS are the same, these companies actually offer two different kinds of internet providers.
Verizon FIOS runs off of a complete fiber network, whereas Xfinity is both cable and fiber.
Xfinity is available in 40 states, while Verizon FIOS is only available in 10 states.
As well, Verizon FIOS doesn’t have contracts or data caps, but Xfinity has a cap of 1.2 TB.
If you’re more interested in television services, Xfinity offers better-bundled deals and they offer a lot of on-demand selection compared to Verizon FIOS.
Additionally, Xfinity offers cheaper bundle deals than Verizon FIOS and is a known leader and innovator in television and streaming integration.
What Similar Products Do Verizon and Comcast Sell?
Verizon and Comcast are very similar, seeing as both offer television, internet, and phone services to customers throughout the United States.
Furthermore, they both offer products and services to business and residential clients.
While Comcast was known for mostly television and cable services, it has made a push into the mobile market as it tries to compete more head-on with Verizon.
Is Comcast Better Than Verizon?
Comcast is better than Verizon if you’re into sports and entertainment, as they offer better deals, better subscription services, and streaming services, and have an edge in the media market.
However, if you’re looking for mainly a high-speed internet provider or you work from home, then Verizon FIOS is better than Comcast.
Overall, which service is better largely depends on what you’re looking for and whether you prioritize television and sports or high-speed internet.
As well, Verizon FIOS has customer service that’s known to be quite good, whereas Comcast and Xfinity have some issues in the customer service department.
Verizon has better cell phone coverage compared to Xfinity Mobile, even though it uses the Verizon network.
However, Verizon’s mobile plans are more expensive than Xfinity Mobile, which is a cheap mobile virtual network operator, making Verizon more appealing in the cell phone market.
Comcast overall is not better than Verizon, although it’s a cheaper option for those on a tight budget.
Nevertheless, Verizon has stayed the telecommunications leader for a reason.
Has Verizon Tried to Buy Comcast?
Verizon has tried to acquire or merge with Comcast in the past, including as recently as 2017, but has since given up, though it was being pushed hard by investors and analysts.
When Donald Trump took office as President of the United States, it was no secret he was friendly to businesses and deals, which is when the idea first popped up.
Additionally, Brain Roberts, the CEO of Verizon, made it known he was interested in a merger of sorts between Verizon and a media or cable company out of convenience.
However, the plans never developed into anything substantial, and any plans of buying Comcast or being acquired by Comcast fell apart and have since been shelved.
Verizon doesn’t own Comcast since Comcast is owned by Brian L. Roberts, and was founded in 1963 by his father Ralph Roberts in Mississippi.
Comcast is one of the major media and entertainment companies in the United States, offers internet service Xfinity, and owns Oxygen, NBC, NBC Universal, MSNBC, and many others.
Verizon deals more in the cell phone and internet world and has lagged behind Comcast when it comes to television and streaming services offered to customers.