Press release
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. (NASDAQ: CHTR) and Comcast Corporation (NASDAQ: CMCSA) today announced that
About this update from Comcast Corporation
[{"type":"text","content":" STAMFORD, Conn. & PHILADELPHIA--(BUSINESS WIRE)--\nCharter Communications, Inc. (NASDAQ: CHTR) and Comcast Corporation (NASDAQ: CMCSA) 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.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220512005158/en/(Photo: Business Wire)\nThe 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.\n\n“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.”\n\n“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.”\n\nJenckes 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.\n\nIn 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 adv...