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Comcast Jumps on Twitter Deal for NBC Programming

Stocks in this article: CMCSA

NEW YORK (The Street) -- Comcast (CMCSA)jumped Thursday after announcing a deal with Twitter, the microblogging site that is preparing to go public, that will allow subscribers of the media company's Xfinity cable-TV service  to  access NBC shows, movies and sports.

Shares of Philadelphia-based Comcast, which acquired a majority stake in NBCUniversal in 2011, rose 2.2% to $45.31. Comcast has advanced 21% this year compared to the Standard & Poor's 500,which has added 18%.

Xfinity customers will be able to watch NBC programming on Twitter using a feature that Comcast is calling "See It." The newfound partnership, as the companies are calling it, includes an advertising deal whereby messages about NBCUniversal programming will be fed to San Francisco-based Twitter users by "embedding sponsored, real-time" video clips within tweets.

Such advertising may also be used in Comcast's X1 platform, its entertainment operating system.

Along with programming from NBCComcast said the Twitter arrangement also would take from NBC Sports Network, CNBC, MSNBC, USA and Bravo, among other channels. Top shows that will be shown through  Twitter will include  NBC's "The Voice," "The Blacklist" and "Sunday Night Football," among others.

Twitter, in a filing last week with the Securities and Exchange Commission, said it is preparing to sell shares as part of its initial public offering. 

Twitter, which has yet to turn a profit, has filed its S-1 with the SEC. The site, led by CEO Dick Costolo, could raise up to $1 billion. According to the filing, Twitter's revenue in 2012 totaled $316.9 million. The company's revenue for the first six months of 2013 totaled $253.6 million, the filing said.

Comcast purchased a controlling stake in NBCUniversal in 2011 for $13.8 billion, and then in March acquired full ownership in a deal with General Electric for $16.7 billion that also included Manhattan's 30 Rockefeller Center and CNBC's headquarters in New Jersey. --By Leon Lazaroff in New York

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