Between interpretive dance numbers and overly scripted interludes by a boy wearing a strange fur hat, Boo-Keun Yoon, president of Samsung’s Visual Display business, announced partnerships with Comcast, Time Warner and Hulu.

Comcast Chairman and CEO Brian Roberts and Time Warner Cable Chairman and CEO Glenn Britt shared the stage to demonstrate some of the features that are available with the help of connected TVs, which Samsung is calling “Smart TV.”

Comcast’s offering starts out pretty mild, with a new interface on the TV that is more enjoyable to browse, like a Web site, rather than a TV guide. The tablet version lets subscribers search listings, access DVR recordings and watch video on demand from thousands of content choices. Some of the more far off stuff was being able to change the TV channel from the tablet, and then watching a movie on a tablet, pausing it and then resuming it on a Samsung Smart TV.

The announcement builds on what MediaMemo’s Peter Kafka reported yesterday. Comcast said it will be launching a live TV service for both iPad and Android tablets, but it will restrict watching live TV to subscribers’ homes.

Britt similarly demonstrated how Time Warner subscribers would be able to access their cable subscriptions on Samsung Smart TVs and the Samsung Galaxy Tab in the home.

Jason Kilar, CEO of Hulu, also made a brief appearance and–without disclosing too many details–said Hulu Plus will be “coming soon” to Android phones.

Tonight’s presentation demonstrated that while Samsung is always focused on the performance and the appearance of TVs, as shown yesterday by the unveiling of TVs with ultra-thin bevels, it is also interested in improving the software experience via partnerships with operators. Yoon said: “TV will become the focal point of content access and sharing.”

Samsung is using the lingo “Smart TV” to explain the multiple-screen and Internet-connected approach. The live subscription features are expected to be available from both cable operators later this year, but it’s unknown how it will be priced or how functional they will be from the beginning.

Before ending the keynote with another song and dance routine (this time with ladybug umbrellas!), Samsung wrapped things up by detailing two pats on the back: A pitch about how green Samsung’s gadgets are these days, and how Dreamworks has been using Samsung’s 3-D TVs to develop on for 18 months.

Bear in mind that a year ago, those numbers were down eight percent and 41 percent, respectively. So Jeff Zucker and company are still digging out of a hole. But whatever: Sometime, in the next 12 months or so, this will be come Brian Roberts’ and Steve Burke’s problem.

For the record, here’s how GE (GE) describes the unit’s performance to investors (click image to enlarge). As usual, NBC U’s real star is its cable business, though GE said the NBC broadcast unit had a strong upfront sales cycle, up 18 percent:

Here’s Comcast CEO Brian Roberts, for instance, showing off a forthcoming iPad app that allows you to program and control your TV remotely.

Looks cool. And while I think there’s actually a limited-use case for programming your TV while you’re out of your house, the ability to search for shows on the app should be better than the crappy experience you get from your remote and set-top box.

So you’ll likely get more use out of this thing when you’re actually sitting on your couch in front of your TV.

Note that the app won’t allow you to actually watch shows on your iPad, but Roberts says that’s coming, too. Comcast (CMCSA) officials say the company has plans to allow cable subscribers to pull down whatever’s available via the company’s Fancast video portal to the Apple (AAPL) gadget.

Haven’t heard yet about timing and other details (3G versus Wi-Fi-only, etc.), and there will probably be some roadblocks. It’s unlikely, for instance, that you’ll get the Hulu feed that Fancast has, since Hulu plans to charge for access on the iPad. But people seem very happy with the ABC iPad app, so if Comcast can deliver something similar, it should expect some pats on the back.

Meanwhile, Time Warner (TWX) used the cable industry’s annual convention to announce that it has expanded its “TV Everywhere” program–people who pay for TV get access to the same shows on the Web–to include subscribers to Verizon’s (VZ) Fios TV service.

That makes sense inasmuch as Time Warner’s HBO picked Verizon as the first carrier partner for its HBO Go service a few months back.

The thread here is consistent: Cable providers and cable programmers want the world to know they’re happy to give you all the Web you want–as long subscribers keep paying their monthly bills and getting a bundle of TV channels in return.

If we ever get to the world where you can start buying individual channels–doesn’t matter if they’re on TV or the Web–then all bets are off and TV economics get radically reshuffled. But we’re not getting there anytime soon, and I’m not convinced we ever will.

On the call: Comcast (CMCSA) CEO Brian Roberts, COO Steve Burke, CFO Michael Angelakis

CEO Brian Roberts: The deal will make us “strategically complete.” [Translation: We promise not buy anything else!]

Obligatory praise for Jeff Zucker for “completely transforming NBC into one of the premier cable operators in the business,” which is the same way Zucker likes to describe himself.

This deal is so incredibly easy for us to finance that we’re increasing our dividend by 40 percent. [Also, we're doing this with both hands tied behind our back!]

CFO Michael Angelakis: If you get confused, there’s an appendix at the end of our presentation.

Did you know that Fandango is a “female-oriented” site? Me either.

Comcast has a “clear path to control” the joint venture by buying out GE’s (GE) interest, but future payouts are capped at $5.75 billion.

Debt ratings agencies have signed off on this, so don’t worry. They never get this wrong.

Roberts: Can’t stress this enough: We’re not buying a faltering film company and a flailing broadcaster; we’re buying a bunch of profitable cable channels. Cable channels. Cable channels.

Also, we’re buying at the bottom of the cycle, so some of the duds that we’re buying may end up having upside.

[Roberts is right about this, by the way: Networks really do rise and fall over time, almost independently of what management does. Remember ABC's peril in the pre-“Lost" era?]

Oh yeah. There are some theme parks, too.

Okay. Back to the deal: Cable channels, cable channels, cable channels. They are great. We love them. Affiliate fees are growing 12 percent a year, ad sales are up seven percent a year. Check out the awesome slide on page 19. “I think this is a wow slide” (see below).

Some more praise for Zucker.

COO Steve Burke: Cable channels. Cable channels. Cable channels. We love the ones we own, but they’re “subscale” compared to what we’re buying from GE.

We’re going to cross-promote the heck out of these and figure out how to make G, Style and Versus more valuable, like NBCU does with Bravo, etc.

[We're about 40 minutes into the call, and this is the first discussion about the Web.] The JV will be a Top 10 company with 82 million uniques.

At least for now, Comcast is still talking about “On Demand Online,” not XTREME ONLINE RAWKS or whatever the company is supposedly going to call it.

Q&A:

Can you give us more color on new businesses you may create once you combine? Also, what are you going to sell off?

Burke: There are “literally dozens of innovative ideas that come out of this combination.” Like interactive advertising. Targeting, etc. (via cable, not Web). We can launch new channels, new video-on-demand packages, more windows. A lot of opportunities.

Roberts: We don’t plan on selling anything. But “we have a long time between signing and closing” to learn about the assets we’re buying.

A lot of people have tried vertical integrations like this and they haven’t worked. What’s going on here? Also, how are you going to work with businesses like Hulu, which threaten your business?

Roberts: Some of these have worked. Think of [Liberty Media Chairman] John Malone’s deals. Or Time Warner (TWX) buying Turner. Or even News Corp. (NWS) and DirecTV. Anyway, that’s the past. Let’s look to the future. More important is that we believe this deal works with zero synergy benefits. [That's for you, Jeff Bewkes.]

[Um, anyone else get bumped off the call? Nope, just me. Apologies, will go get the Hulu the rest of Roberts's answer later, but I'm guess it was something along the lines of "we love Hulu and have no intent to crush it like a bug, and besides, we're one of three networks that will own it."]

Please explain how you’ll negotiate for, say, the Olympics and other assets when you don’t actually own NBC yet.

Roberts: [GE CEO] Jeff [Immelt] and Jeff [Zucker] will have to run their business until the deal closes.

What about regulatory hassles?

Roberts: No worries. This is a “pro-consumer transaction.” And check out all the things we said to that effect earlier this morning.

Burke: Both local advertising and national advertising are recovering. An analyst notes that GE has never told us much about NBCU because it hasn’t had to. So we’re going to get a much better look at how the business works going forward.

Why are you sticking your regional sports deals into this joint venture? Also, why not just hand the money you’re spending on this deal back to investors, via share buybacks?

Burke (I think): When you think of sports, its hard not to think of NBC Sports and Dick Ebersol [ahem]. Also, we think there’s some synergy with some of NBC’s local broadcast stations.

Angelakis (I think): We’ve already bought back $14 billion worth of stock in six years, and we’ll keep buying back stock. Also, check out our dividend. But we need a balance. This deal gives us financial returns and long-term strategic returns.

Roberts (I think): The timing is good. Size is appropriate–we can handle it. “You gotta like the business….We think it’s a reasonable risk. That’s what we’ve always done at Comcast.”

As for regulatory risk, if Washington wants us to make a really really serious change that blows up the rationale for doing this, we have the ability to back out. But we don’t think that’s going to happen. “Is there a break-up fee?” the questioner asks. Answer: No.

What does this mean for TV Everywhere/On Demand Online? (and Hulu)?

Burke: NBC has been careful not to put too much cable content on the Internet. We think that’s a smart strategy, “not that they asked us.” We think that going forward, you’re going to continue to have free broadcast stuff on Hulu, and cable stuff on TV Everywhere.

Roberts: Windows in general, our focus has been on expanding offerings, putting them on multiple platforms. All of those things are more likely to occur in a way that benefits distributors, content owners and consumers. “What about Hulu premium?” the questioner asks. Answer: “That’s certainly not in the cards.”

Here’s Comcast’s pitch in chart form:

ComcastNewPDF_12.3.09 –

Comcast did have reasonably good news to deliver this morning. It signed up more new customers than Wall Street expected, though it had to cut prices to do so. We’ll see if that mollifies investors, who really have been salty–look what’s happened to CMCSA shares since news of the GE (GE) transaction broke:

Since Comcast barely addressed the NBCU deal during its earnings call this morning, it had more time to tackle other topics. A recurring theme: How would increased Web video consumption affect the company?

The answer: No one knows, exactly.

On the one hand, there’s the threat that consumers will be less likely to pay for cable TV if they’re getting their shows over the Web, whether it’s through illegal streams or legitimate “over the top” services like the one Apple (AAPL) is trying to assemble.

That’s why Comcast CEO Brian Roberts described his company’s “authentication” efforts, which are in a beta test now but are scheduled to go nationwide next month, as an effort to make sure that people who consume Web video do so “in a way that secures the existing model.”

That is–he’d like them to keep paying Comcast for a TV subscription even though they’re watching shows online. Tough sell.

On the other hand, even if you stop paying for cable TV, you still have to pay someone to connect you to the Web, and it’s very likely that company will be Comcast. And if you’re not paying Comcast for TV, there’s a very good chance you’ll pay more for your Internet connection.

“I’ve been saying for a long time that I think video over the Internet is more friend than foe,” Roberts said this morning. Let’s see if Wall Street agrees.

Alas, the Foursquare conference, hosted by the Quadrangle PE fund, is an invitation-only affair. And the event, which kicks off tomorrow, is closed to the press except for reporters onstage to interview the stars. And those conversations don’t get released to the public.

That’s a particular bummer this time. Because the Quadrangle guys–who have had a rough year–had the foresight to get a lineup that includes GE (GE) CEO Jeff Immelt, who appears to be in the final stages of selling NBC Universal to Comcast (CMCSA) CEO Brian Roberts, who will also be onstage. Sure would be nice to hear what they say.

Another panel that piques my interest, if only because of the title: “Are Popularity and Profitability Correlated?” It features Twitter’s Stone, LinkedIn founder Reid Hoffman and YouTube co-founder Chad Hurley. And would-be moguls are represented by a start-up pitch panel that includes Dennis Crowley of Foursquare, the superbuzzy mobile service whose name has nothing to do with Quadrangle’s conference.

So once again, here’s the complete list of those you won’t be hearing from this week as they gather at the Plaza in Manhattan. Unless, perhaps, one of my more ambitious colleagues sneaks in–I’m thinking of you, Bobby MacMillan–and gets us a first-hand account.

2009 SPEAKERS
EMILIO AZCÁRRAGA President, Board of Directors and CEO, Grupo Televisa
DENNIS CROWLEY Co-Founder, foursquare
BARRY DILLER Chairman and CEO, IAC; Chairman, Expedia, Inc. and Ticketmaster Entertainment, Inc.
BRIAN DUNN CEO, Best Buy
CHARLES FORMAN Founder, OMGPOP
REED HASTINGS Founder, Chairman and CEO, Netflix
REID HOFFMAN Executive Chairman and Founder, LinkedIn Corporation
CHAD HURLEY CEO and Co-Founder, YouTube
JEFF IMMELT Chairman and CEO, GE
PAUL JACOBS Chairman and CEO, Qualcomm Incorporated
OLLI-PEKKA KALLASVUO President and CEO, Nokia
JASON KILAR CEO, Hulu
LESLIE MOONVES President and CEO, CBS Corporation
ANNE MULCAHY Chairman, Xerox Corporation
JAMES MURDOCH Chairman and Chief Executive, Europe & Asia, News Corporation
BRIAN PHILLIPS CEO and Co-Founder, Thread
DAN PORTER CEO, OMGPOP
BRIAN ROBERTS Chairman and CEO, Comcast Corporation
PAUL SAGAN President and CEO, Akamai
ERIC SCHMIDT Chairman and CEO, Google
IVAN SEIDENBERG Chairman and CEO, Verizon Communications
BIZ STONE Co-Founder, Twitter
HOWARD STRINGER Chairman, CEO and President, Sony Corporation
BEN VERWAAYEN CEO, Alcatel-Lucent
DAVID ZASLAV President and CEO, Discovery Communications

MODERATORS
MARC ANDREESSEN General Partner, Andreessen Horowitz
KEN AULETTA Author and Writer, “Annals of Communications”, The New Yorker
MARIA BARTIROMO Anchor, Closing Bell; Host & Managing Editor, Wall Street Journal Report, CNBC
JAMES CITRIN Co-Leader, Board & CEO Practice, North America, Spencer Stuart
DAVID FABER Anchor, Reporter, CNBC
MICHAEL HUBER Co-President and Managing Principal, Quadrangle Group
BECKY QUICK Co-Anchor, Squawk Box, CNBC
GEOFFREY SANDS Director & Leader, Global Media, Entertainment & Information Practice, McKinsey & Co.
JOSHUA L. STEINER Co-President and Managing Principal, Quadrangle Group
GEORGE STEPHANOPOULOS Anchor, This Week; Chief Washington Correspondent, ABC News

Time Warner did announce a set of principles for its “TV Everywhere” program, and if you’d like, you can read those at the bottom of this post. And Time Warner CEO Jeff Bewkes and Comcast CEO Brian Roberts did get into some philosophical/optical discussions with us reporters.

For instance, was the cable industry being “defensive” or “offensive” as it rolled out its authentication plan, which is supposed to give pay TV customers–but only pay TV customers–Web access to all the shows they get on TV? Offensive, declared Bewkes. He also decreed that authentication was a “free gift” to TV watchers.

But authentication is going to involve a whole lot of coordinated effort by a lot of different players, and that means details matter at least as much as philosophy.

For instance: Who else is joining Time Warner when Comcast rolls out its first authentication trial next month? Roberts wouldn’t talk about that–”today’s about Time Warner,” he said–but word is still leaking out. Scripps Networks, for instance, said today that it would play along. Here’s the statement from Lynne Costantini, who runs affiliates sales for the network.

“Scripps Networks’ media brands, such as Food Network and HGTV, enjoy a strong connection with a passionate base of consumers who likely would find value in this type of service. We are committed to providing viewers with content on the platforms on which they engage with our brands, in a manner that adds value to the viewing experience and enhances our current business relationships with distributors. Our participation in the Comcast authentication pilot will help us make some initial assessments regarding this innovative platform.

Also confirmed: Cablevision’s (CVC) Rainbow Media, which owns networks like AMC and Sundance. This one makes particular sense because Cablevision has been more vocal than other networks about not putting its programming on the Web without getting paid for it. I’m also told that A&E Television networks, co-owned by Hearst, Disney (DIS) and GE’s (GE) NBCU, is expected to participate, but haven’t heard back from those folks yet.

None of these buy-ins are huge moves by themselves, of course. They’re commitments for the trial only, and it’s unlikely that any of the companies are going to offer up their best shows at the start. For instance, I’d be (happily) surprised if AMC’s “Mad Men” makes the cut. And we’re likely to see a dribble of announcements over the rest of the year as more programmers dip their toes in and as competing/parallel authentication efforts that the likes of Time Warner Cable (TWC) and the telcos roll out.

In the meantime, in lieu of hard facts, here’s what Time Warner has to say about its intentions:

PRINCIPLES FOR TV EVERYWHERE MODEL
These principles were developed to ensure the TV Everywhere model is consumer-friendly; pro-competitive and non-exclusive.

•    Bring more TV content, more easily to more people across platforms.

•    Video subscribers can watch programming from their favorite TV networks online for no additional charge.

•    Video subscribers can access this content using any broadband connection.

•    Programmers should make their best and highest rated programming available online.

•    Both networks and video distributors should provide high quality, consumer-friendly sites for viewing broadband content with easy authentication.

•    A new process should be created to measure ratings for online viewing. The goal should be to extend the current viewer measurement system to include advertiser ratings for TV content viewed on all platforms.

•    TV Everywhere is open and non-exclusive; cable, satellite or telco video distributors can enter into similar agreements with other programmers.

The idea is to protect cable subscription revenues by giving pay TV customers–but only pay TV customers–Web access to all the shows they get on TV, and hoping this keeps them from canceling their subscriptions.

But that’s old news: Comcast (CMCSA) already told Bloomberg earlier this month that the two companies are linking up, and that Time Warner (TWX) would offer programming from some of its networks in the first part of Comcast’s tests.

Presumably Bewkes and Roberts will offer up a few more details, like which Time Warner networks are participating (good bet: TNT and/or TBS), along with a timetable. But I worry that the press conference will be light on details, in large part because many of the details haven’t been hammered out yet.

Still, I’ve been able to glean more from industry executives who’ve been involved in discussions with Time Warner, Comcast and other players in the authentication effort, which Bewkes has been calling “TV Everywhere” and Roberts has been calling “OnDemand Online.” Some of the details:

• The test will start very small–with some 5,000 subscribers–but Comcast is determined to expand it aggressively and wants to have it available throughout its system by the end of the year. Comcast plans to use its Fancast video portal as a hub for its efforts. And it  may use other digital assets it has acquired as well. Online Rolodex Plaxo, for instance, which the company bought last year, could be used to help subscribers sign in to watch their shows.
• The test is separate from Time Warner Cable’s (TWC) own authentication offering, which is essentially the same thing but will launch later than the Comcast test, using different technology, and will likely offer a different mix of programming.
• And those tests are separate from the one that telcos Verizon (VZ) and AT&T (T) have been working on with satellite operators Echostar (SATS) and DirecTV (DTV). That one also has the same thrust, but will take the longest to roll out.
• Comcast isn’t likely to announce other programming partners for the tests until later this month.
• Hulu is interested in playing along, because its owners–GE’s (GE) NBC, News Corp.’s (NWS) Fox and Disney’s (DIS) ABC–see authentication as a way to appease riled-up cable providers. The cable guys are upset that Hulu shows (some) cable programs for free while they have to pay for the right to air them. In theory, authentication solves that problem for Hulu because everyone will be on a level playing field: Only cable subscribers will get access to cable programming, whether it’s on Hulu, Fancast or anywhere else. But the cable guys aren’t rushing to let Hulu in just yet.
• Separately, NBC has been talking about offering some cable programming that isn’t already on Hulu for the tests. That could also be seen as an appeasement move, but I’ve heard a more benign suggestion: NBC merely wants to figure out if authentication technology works because it is considering using it for some of its coverage of the Vancouver Olympics next year.
• CBS (CBS), which isn’t a part of Hulu and which doesn’t have any cable assets of its own, would still like to get into the mix. The idea is that the network would offer the cable guys shows that it has kept offline until now (say, “The Mentalist”) while tying the Web programming to “retransmission” fees it would like to extract from the cable companies for all of its shows. Comcast executives seem amenable to the notion.
• Big cable players like Viacom (VIA) and Liberty’s (LINTA) Discovery may participate in some trials but not others. Viacom, for instance, has been talking about working with the telco group but not with Comcast during the trials. It has also discussed offering a “premium product”–like access to the full “Spongebob Squarepants” library or other kids’ shows that have a very limited online profile–to Time Warner Cable subscribers for an additional fee.

Bewkes and Roberts are scheduled to speak at the Time Warner Center at 9:45 am EDT, so we’ll know more shortly.

While Comcast (CMCSA) had forecast a slowing of subscriber growth in its second quarter, the decline it’s now seeing is far worse than expected. “It is across all units,” said Roberts. We’re really not seeing a surging of disconnects. We’re just not seeing a surging of orders.”

Is that entirely econalypse-related? Or might it be due to competitive pressure from telcos? Roberts conceded that the market is an “intensely competitive one, but said Comcast has really just been dragged down by the souring economy. “I think there’s a general slowing of consumer expectations….” he said. “There are fewer opportunities to sell things.”

With U.S. broadband speeds lagging far behind European and Asian countries, Comcast is finally doing its part to bring the country’s lousy broadband Internet services into parity with those of other industrialized nations. You know, like Iceland. Or South Korea.

Comcast (CMCSA) plans to aggressively deploy its next-generation wideband service to 10 million homes by the end of the year, the company said Wednesday. Based on the ultrafast Data Over Cable Service Interface Specification (DOCSIS), the service should provide download speeds far in excess of those currently offered by the company. It’s to be offered in two tiers. The fastest, Extreme 50, will provide up to 50 megabits per second downstream and up to 10Mbps of upstream speed. Price: $139.95/month. Ultra will get you up to 22Mbps downstream and up to 5Mbps of upstream for $62.95/month.

And what about the 150Mbps service Comcast CEO Brian Roberts demonstrated at the Cable Show last year? The one fast enough to download the entire “Encyclopedia Britannica” and “Merriam-Webster Visual Dictionary” in less than four minutes? Still a ways off, apparently.

PREVIOUSLY:

• The Median U.S. Broadband Speed? Finland’s Divided by 10

With U.S. broadband speeds lagging far behind European and Asian countries, Comcast is finally doing its part to bring the country’s lousy broadband Internet services into parity with those of other industrialized nations. You know, like Iceland. Or South Korea.

Comcast (CMCSA) plans to aggressively deploy its next-generation wideband service to 10 million homes by the end of the year, the company said Wednesday. Based on the ultrafast Data Over Cable Service Interface Specification (DOCSIS), the service should provide download speeds far in excess of those currently offered by the company. It’s to be offered in two tiers. The fastest, Extreme 50, will provide up to 50 megabits per second downstream and up to 10Mbps of upstream speed. Price: $139.95/month. Ultra will get you up to 22Mbps downstream and up to 5Mbps of upstream for $62.95/month.

And what about the 150Mbps service Comcast CEO Brian Roberts demonstrated at the Cable Show last year? The one fast enough to download the entire “Encyclopedia Britannica” and “Merriam-Webster Visual Dictionary” in less than four minutes? Still a ways off, apparently.

PREVIOUSLY:

• The Median U.S. Broadband Speed? Finland’s Divided by 10

The moves come at a time of growing institutional shareholder dissatisfaction with Comcast (CMCSA). The cable operator’s shares are down nearly 40% in the past year and off by 25% since it gave disappointing 2007 financial guidance in the fall. Suffice it to say, the company’s shareholders are not happy. In a Jan. 14 letter to Comcast, investment firm Chieftain Capital Management accused management of strategic missteps and called CEO Brian (son of Ralph) Roberts’s stewardship of the company over the past decade a Comcastrophe. “The management of this company and supervision by its board have been a ‘Comcastrophe’ for shareholders over the past decade,” Chieftain wrote. “We want and deserve the best CEO Comcast’s board of directors can find–and, based on his record, Brian Roberts is not it.”

Will the concessions Comcast has made to its shareholders silence calls for Roberts’s head? Perhaps. It’s tough to shout epithets at management when the company’s just posted a better-than-expected 54% jump in fourth-quarter net income and announced plans for its first dividend in nearly a decade.

The moves come at a time of growing institutional shareholder dissatisfaction with Comcast (CMCSA). The cable operator’s shares are down nearly 40% in the past year and off by 25% since it gave disappointing 2007 financial guidance in the fall. Suffice it to say, the company’s shareholders are not happy. In a Jan. 14 letter to Comcast, investment firm Chieftain Capital Management accused management of strategic missteps and called CEO Brian (son of Ralph) Roberts’s stewardship of the company over the past decade a Comcastrophe. “The management of this company and supervision by its board have been a ‘Comcastrophe’ for shareholders over the past decade,” Chieftain wrote. “We want and deserve the best CEO Comcast’s board of directors can find–and, based on his record, Brian Roberts is not it.”

Will the concessions Comcast has made to its shareholders silence calls for Roberts’s head? Perhaps. It’s tough to shout epithets at management when the company’s just posted a better-than-expected 54% jump in fourth-quarter net income and announced plans for its first dividend in nearly a decade.

In 2008, said Roberts, Comcast will begin upgrading its network to offer significantly faster download speeds. “Wideband takes four channels and bonds them together and will enable speeds to go up from 12 to 16 megabits a second to over 100 megabits a second,” he explained. The technology will be rolled out to “millions” by the end of this year, with more to come–”if it’s as popular as we expect,” he added.

And it undoubtedly will be. At speeds like that, Roberts noted, you could download an HD copy of “Batman Begins” in about four minutes. “Superfast movie downloads are only the beginning,” Roberts said. “This will open a whole new world of Web-based innovation.”

A few other points worth noting:

• Roberts also announced “Project Infinity,” an effort to exponentially expand its video-on-demand programming. “Comcast will put 1,000 HD choices in every Comcast HD home by the end of the year,” Roberts said. “What satellite says they’ll offer pales in comparison.”

• Comcast is now the country’s fourth largest residential phone provider.
• Finally, he pitched Fancast.com, a new online-entertainment portal that gathers film, TV and videos scattered across the Internet in one place. “It’s the content-hungry consumer’s dream,” Roberts said. “With user-generated content, there’s the possibility of millions of choices. You’ll never want to get off the couch.”

Comcast CEO Brian Roberts kicked off the Cable Show yesterday in Las Vegas with a demonstration of a DOCSIS cable modem capable of download speeds of up to 150 megabits per second–25 times faster than current models. Appearing before the National Cable & Telecommunications Association convention in Las Vegas, Roberts watched as a 32-volume set of the Encyclopedia Britannica and the Merriam-Webster Visual Dictionary were downloaded in less than four minutes. Done with a conventional cable modem, at 3 mbps to 5 mbps, the same task would have taken considerably more than three hours. “If you look at what just happened–55 million words, 100,000 articles, more than 22,000 pictures, maps and more than 400 video clips,” Roberts said, “the same download on dial-up would have taken two weeks. It really is a whole new technical platform. With wideband, we’re going to unleash a whole new generation of video, voice and data services.”

Comcast hasn’t yet set a hard date to launch the service, but Roberts said it will likely arrive at market within the next few years. “That was real. Everything you saw was real. It’s near-term,” he said. “I think it is hopefully a reminder that we have an incredible future of innovation ahead. And personally, I think broadband penetration is going to go way higher than anybody ever imagined.”

Comcast CEO Brian Roberts kicked off the Cable Show yesterday in Las Vegas with a demonstration of a DOCSIS cable modem capable of download speeds of up to 150 megabits per second–25 times faster than current models. Appearing before the National Cable & Telecommunications Association convention in Las Vegas, Roberts watched as a 32-volume set of the Encyclopedia Britannica and the Merriam-Webster Visual Dictionary were downloaded in less than four minutes. Done with a conventional cable modem, at 3 mbps to 5 mbps, the same task would have taken considerably more than three hours. “If you look at what just happened–55 million words, 100,000 articles, more than 22,000 pictures, maps and more than 400 video clips,” Roberts said, “the same download on dial-up would have taken two weeks. It really is a whole new technical platform. With wideband, we’re going to unleash a whole new generation of video, voice and data services.”

Comcast hasn’t yet set a hard date to launch the service, but Roberts said it will likely arrive at market within the next few years. “That was real. Everything you saw was real. It’s near-term,” he said. “I think it is hopefully a reminder that we have an incredible future of innovation ahead. And personally, I think broadband penetration is going to go way higher than anybody ever imagined.”