Marcien Jenckes Named President of Charter and Comcast’s New Joint Venture to Develop and Offer a Next Generation Streaming Platform
May 12 2022 - 10:00AM
Business Wire
Charter 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.
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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. (NASDAQ:CHTR) 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 (Nasdaq: CMCSA) 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.
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Daniel Friedman Daniel_Friedman@Comcast.com
Comcast (NASDAQ:CMCSA)
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