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NBCU Chief Jeff Shell Says Comcast Open To “Bolt-On” Deals, Cites DreamWorks Animation Acquisition, Blumhouse Venture

Jason Blum Brian Roberts Vince Macmahon Mike Cavanagh Entertainment president exclusive CEO Strategy

26.01.2023 - 19:19

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deadline.com

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NBC Universal CEO Jeff Shell said the company is always eyeing possible deals to bolster its business, citing the $3.8-billion acquisition of DreamWorks Animation in 2016 and Universal’s partnership with Blumhouse Productions.

Shell jumped in after Comcast President Mike Cavanagh noted new deals have a high hurdle versus investing in existing operations.

The execs were asked about M&A on a post-earnings conference call, with particular reference to World Wrestling Entertainment.

Vince McMahon, WWE’s majority owner and newly returned executive chairman is looking to sell with Comcast considered a logical buyer.

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