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Comcast Spectacor

 
Hoover's Profile: Comcast Spectacor, L.P.
Contact Information
Comcast Spectacor, L.P.
Wachovia Center Complex, 3601 S. Broad St.
Philadelphia, PA 19148
PA Tel. 215-336-3600
Fax 215-389-9413

Type: Subsidiary
On the web: http://www.comcast-spectacor.com

Comcast Spectacor keeps the testosterone flowing in the City of Brotherly Love. The sports and entertainment company owns and operates both the Philadelphia 76ers basketball team and the Philadelphia Flyers hockey team, along with the city's Wachovia Center and Wachovia Spectrum arenas. Comcast Spectacor also owns event and facility management firm Global Spectrum and Ovations Food Services, a contract foodservices provider and concessions operator. Other operations include New Era Tickets and figure skating promoter Disson Skating. Cable giant Comcast owns 66% of the company; chairman and founder Ed Snider leads the minority owners.

Officers:
Chairman: Edward M. (Ed) Snider
President and COO; Chairman, Global Spectrum: Peter A. Luukko
EVP and CFO: Jay Halbert

Competitors:
Anschutz Entertainment
Philadelphia Eagles
SMG Management

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Wikipedia: Comcast Spectacor
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Comcast Spectacor
Type Subsidiary
Founded 1974
Founder(s) Edward M. Snider
Headquarters Philadelphia, Pennsylvania, U.S.
Key people Edward M. Snider
(Chairman)
Fred A. Shabel
(Vice Chairman)
Peter A. Luukko
(President)
Industry Sports management
Parent Comcast
Website Comcast Spectacor

Comcast Spectacor (formerly Spectacor) is a Philadelphia, Pennsylvania based sports and entertainment company. It owns the Philadelphia Flyers of the National Hockey League and the Philadelphia 76ers of the National Basketball Association. The company owns and manages the Wachovia Center and Wachovia Spectrum in South Philadelphia, plus several community skating rinks in the Philadelphia region known as Flyers Skate Zone. The 24-hour regional sports network Comcast SportsNet is also owned by the company.

The company was formed in 1974 by Flyers founder and chairman Ed Snider to own both the Flyers and the Spectrum. Snider had been instrumental in getting the Spectrum built in 1967, and assumed control of the arena in 1971. He sold a 63% stake in Spectacor to Comcast in 1996, forming Comcast Spectacor. Shortly afterward, he bought the 76ers; as the Spectrum's owner, he had been the Sixers' landlord since 1971.

Global Spectrum

Comcast Spectacor is the principal owner of Global Spectrum. The company manages and operates public assembly facilities throughout the United States and Canada, such as arenas, civic and convention centers, stadiums, university convocation centers, trade and exposition centers, community ice rinks and theaters. Some of the arenas and stadiums currently managed by Global Spectrum are:

Global Spectrum works in conjunction with another Comcast Spectacor entity called Front Row Marketing Services, which works to identify new revenue streams at facilities.

Other businesses

Comcast Spectacor owns Ovations Food Services, which provides food and beverage services to arenas, stadiums, amphitheaters, fairgrounds and convention centers throughout the United States. New Era Tickets is the full-service ticketing subsidiary of Comcast Spectacor, and provides in-house ticketing in the US and Canada. In Philadelphia, the company operates under the name ComcastTIX and provides tickets to events at Wachovia Complex, Liacouras Center at Temple University, Sun National Bank Center in Trenton, New Jersey, and the Borgata Hotel Casino and Spa in Atlantic City, New Jersey. In a partnership with Disson Skating, Comcast Spectacor produces 10 annually televised figure skating programs on NBC.

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