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May 12, 2022, 10:00 a.m. EDT

Marcien Jenckes Named President of Charter and Comcast’s New Joint Venture to Develop and Offer a Next Generation Streaming Platform

STAMFORD, Conn. & PHILADELPHIA, (BUSINESS WIRE) -- Charter Communications, Inc. /zigman2/quotes/201656355/composite CHTR +2.64% and Comcast Corporation /zigman2/quotes/209472081/composite CMCSA +2.68% today announced that Marcien Jenckes has been selected to lead their recently announced streaming platform joint venture. After closing, in this new role, Jenckes will focus on leading the team and developing the business and monetization models.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220512005158/en/

The recently announced joint venture will develop and offer a next-generation streaming platform on a variety of branded 4K streaming devices and smart TVs, providing consumers with a world-class user experience and navigation, all the top apps, and more choice in the streaming marketplace. Comcast will license Flex, its aggregated streaming platform and hardware to the joint venture, contribute the XClass TV retail business, and contribute Xumo, an ad-supported streaming service it acquired in 2020. Charter will make an initial contribution of $900 million, funded over multiple years.

“Marcien has been an outstanding leader within our company for over a decade,” said Dave Watson, CEO of Comcast Cable. “His blend of experience as an entrepreneur, as an expert in improving customers’ entertainment experience, and an innovator in the rapidly changing advertising environment, makes him uniquely qualified to helm this partnership with Charter.”

“Marcien has emerged as a leading voice within the media industry,” said Tom Rutledge, Charter Chairman and CEO. “He has a future-focused view of the landscape, understands the importance of this partnership and is a great choice to lead the joint venture.”

Jenckes has served as President of Advertising for Comcast Cable since 2017. Prior to this role, he was responsible for Comcast Cable’s residential lines of business, including video and Internet. He led the strategy, development, and deployment of innovative technologies and services across all categories to provide great experiences for tens of millions of customers.

In 2019, Jenckes spearheaded On Addressable , along with Charter and Cox, designed to bring additional scale and momentum to addressable television advertising. He also pioneered Blockgraph, first incubated within Comcast’s FreeWheel, an advertising technology company serving the video and television ecosystem, before spinning out as a joint venture between Comcast, Charter and Paramount (formerly ViacomCBS), to help marketers use audience insights for TV and premium video advertising.

Before joining Comcast, Jenckes was an entrepreneur, involved with a host of digital advertising and media syndication start-ups including Grab Networks and Voxant. He also held a variety of leadership roles at AOL Inc., where he launched AOL’s free web services, including the free AOL.com portal. Prior to AOL, Marcien worked as a consultant for McKinsey & Company in their media and telecom practice.

The closing of the joint venture is subject to customary closing conditions. This joint venture does not involve the broadband or cable video businesses of either Comcast or Charter which will remain independent.

About Charter

Charter Communications, Inc. /zigman2/quotes/201656355/composite CHTR +2.64% is a leading broadband connectivity company and cable operator serving more than 32 million customers in 41 states through its Spectrum brand. Over an advanced communications network, the company offers a full range of state-of-the-art residential and business services including Spectrum Internet®, TV, Mobile and Voice.

For small and medium-sized companies, Spectrum Business® delivers the same suite of broadband products and services coupled with special features and applications to enhance productivity, while for larger businesses and government entities, Spectrum Enterprise provides highly customized, fiber-based solutions. Spectrum Reach® delivers tailored advertising and production for the modern media landscape. The company also distributes award-winning news coverage, sports and high-quality original programming to its customers through Spectrum Networks and Spectrum Originals. More information about Charter can be found at corporate.charter.com .

About Comcast Corporation

Comcast Corporation /zigman2/quotes/209472081/composite CMCSA +2.68% is a global media and technology company that connects people to moments that matter. We are principally focused on connectivity, aggregation, and streaming with 57 million customer relationships across the United States and Europe. We deliver broadband, wireless, and video through our Xfinity, Comcast Business, and Sky brands; create, distribute, and stream leading entertainment, sports, and news through Universal Filmed Entertainment Group, Universal Studio Group, Sky Studios, the NBC and Telemundo broadcast networks, multiple cable networks, Peacock, NBCUniversal News Group, NBC Sports, Sky News, and Sky Sports; and provide memorable experiences at Universal Parks and Resorts in the United States and Asia. Visit www.comcastcorporation.com for more information.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220512005158/en/

SOURCE: Comcast Corporation

Daniel Friedman
Daniel_Friedman@Comcast.com

COMTEX_407098093/2456/2022-05-12T10:00:22

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Copyright Business Wire 2022

/zigman2/quotes/201656355/composite
US : U.S.: Nasdaq
$ 480.92
+12.39 +2.64%
Volume: 887,776
July 1, 2022 4:00p
P/E Ratio
17.52
Dividend Yield
N/A
Market Cap
$80.73 billion
Rev. per Employee
$558,805
loading...
/zigman2/quotes/209472081/composite
US : U.S.: Nasdaq
$ 40.29
+1.05 +2.68%
Volume: 16.18M
July 1, 2022 4:00p
P/E Ratio
12.97
Dividend Yield
2.68%
Market Cap
$180.50 billion
Rev. per Employee
$635,926
loading...
/zigman2/quotes/201656355/composite
US : U.S.: Nasdaq
$ 480.92
+12.39 +2.64%
Volume: 887,776
July 1, 2022 4:00p
P/E Ratio
17.52
Dividend Yield
N/A
Market Cap
$80.73 billion
Rev. per Employee
$558,805
loading...
/zigman2/quotes/209472081/composite
US : U.S.: Nasdaq
$ 40.29
+1.05 +2.68%
Volume: 16.18M
July 1, 2022 4:00p
P/E Ratio
12.97
Dividend Yield
2.68%
Market Cap
$180.50 billion
Rev. per Employee
$635,926
loading...

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