QVC - Corporate History

Corporate History

QVC was founded on June 13, 1986 by Ben Mecher. One of the first brands to sign a two year deal with QVC was Sears products. Its first live broadcast took place at 7:30 PM ET on November 24 of that year, reaching 7.6 million TV homes; the first item sold was a "Windsor Shower Companion" shower radio, presented by host John Eastman (Bob Bowersox was the first host seen on-screen). The corporation later set a new record for first full-year fiscal sales for a new public company of $112 million. Its primary competitor in the United States is the Home Shopping Network (HSN).

Initially broadcast live from 7:30 PM ET until midnight each weekday and all day Saturdays and Sundays, the channel extended its live programming to 24 hours in January 1987. QVC acquired its top competitor, the Cable Value Network (CVN), in 1989. The $380 million deal contributed to a loss of $17 million during the next fiscal quarter, and then to difficulties in the couple of years that followed.

On February 2, 1995, Comcast purchased a majority shareholding in QVC, Inc., taking control of the corporation. QVC kicked off the "Quest for America's Best: 50 in 50 Tour," a 50-week nationwide product search. QVC.com was founded in 1996.

In 1998 a class-action suit was brought against QVC. Two former hosts of QVC sued the network, claiming that they were discriminated against by the shopping channel based on their race. The lawsuit went on to state that QVC refused to allow non-white hosts any permanent daytime/primetime spots, which relegated them to the overnight hours, otherwise known as the "graveyard shift." Because of this, the non-white hosts were paid considerably less than the white hosts.

In July 2003, Comcast sold its majority share to Liberty Media.

On September 23, 2007, QVC U.S. rebranded itself, changing its logo on-air and online. The rebranding was accompanied by an advertising campaign with the tagline "iQdoU?" ("I shop QVC, do you?") that had preceded the rebrand with billboards in major U.S. cities.The iQdoU? campaign also included a "teaser" website found at iQdoU.com.

In May 2009, QVC became the first multimedia retailer to offer a native high-definition service. As with HSN, the 4:3 cut for analog viewers in this 16:9 presentation is made to the right of the screen rather than on both sides of the 4:3 frame, allowing the network to place their graphics fully to the left and lower portions of the screen to maximize camera presentation space.

On September 30, 2010, at 11pm, QVC began broadcasting in Italy, both on satellite and digital terrestrial television.