7/23/2023 0 Comments Vox media comcast![]() The original incarnation of G4 ran from 2002 to 2014. The revival of G4 brought back fan-favorite shows like Attack of the Show! and X-Play, and introduced new programming like Boosted, an esports-focused show, and Invitation to Party, a Dungeons & Dragons actual play series. Comcast / Apple Apple TV Plus rolls out to Comcast’s X1 platform with up to three months of free trials / Xfinity users can try some of its content next week without signing up By Richard. G4 was relaunched in November 2021, both as a cable channel and online through official Twitch and YouTube channels. Comcast has announced a new version of its xFi Advanced Gateway router, which includes Wi-Fi 6E and support for Zigbee, Matter, and multi-gigabit internet speeds. The Washington Post also reported that high costs related to guest talent, including popular content creators that demanded upward of $30,000 per day for appearances on the network, was likely a factor in Comcast Spectacor’s decision to ax G4. G4’s closure was sudden, but was also foretold by a handful of recent high-profile departures from the network, including president Russell Arons and X-Play hosts Kevin Pereira and Indiana “Froskurinn” Black. This is certainly not what we hoped for, and, as a result, we have made the very difficult decision to discontinue G4’s operations, effective immediately.”Īccording to Deadline, the shutdown will affect “a few dozen” employees and contract workers at G4. “Over the past several months, we worked hard to generate that interest in G4, but viewership is low and the network has not achieved sustainable financial results. “We invested to create the new G4 as an online and TV destination for fans to be entertained, be inspired, and connect with gaming content,” Scott said in an email obtained by Deadline. Deadline reported Sunday that Scott told employees at the revived G4 the channel was being discontinued “effective immediately,” citing low viewership and unsustainable financial results. Vox Media has 9 institutional investors including Khosla Ventures, Comcast. And Comcast’s other rival Viacom has also long been in the news business through its CBS subsidiary, which owns a stable of news and tech sites as well as Simon & Schuster, a book publisher.Comcast is shutting down G4, its gaming-centric cable and online channel, effective immediately, Comcast Spectacor CEO Dave Scott told staff in an email. Vox Media Founded by Tyler Bleszinski in the year 2011 Valued at 500M. This is actually Comcast’s second investment in Vox Media, which counts Comcast’s venture capital arm as one of its investors. Vox Media also has investments from General Atlantic, Accel Partners, and Khosla Ventures.Ĭomcast’s rival telecom Verizon has also gotten into the news business with a recent purchase of AOL, which owns the TechCrunch, Engadget, The Huffington Post, and others. The Buzzfeed deal isn’t going to be announced until later this week, but the Vox Media acquisition was officially announced today. (NBCU owner Comcast had previously invested in Vox Media, via its investment arm Comcast Ventures.)īuzzFeed, meanwhile, is expected to be worth $1.5 billion after its NBCU investment, which multiple sources say is also $200 million. Which is another way of saying Vox Media is now worth more than $1 billion, after raising around $300 million altogether. The headline for now: The media giant is investing $200 million in Vox Media, at a pre-money valuation of $850 million, according to several sources. NBCU and Vox Media are announcing their deal today. ![]() ![]() Re/Code reports that Comcast-owned NBC Universal has sunk $200 million into Vox Media and Buzzfeed: Those two-week-old rumors that Comcast was interested in buying into online media companies came true today. Comcast Makes $200 Million Investments in Vox Media, BuzzFeed
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