{"id":37381,"date":"2020-07-30T19:41:00","date_gmt":"2020-07-30T16:41:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/comcast-hit-by-coronavirus-related-declines-at-nbcuniversal\/"},"modified":"2020-07-30T19:41:00","modified_gmt":"2020-07-30T16:41:00","slug":"comcast-hit-by-coronavirus-related-declines-at-nbcuniversal","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/comcast-hit-by-coronavirus-related-declines-at-nbcuniversal\/","title":{"rendered":"#Comcast hit by coronavirus-related declines at NBCUniversal"},"content":{"rendered":"

“#Comcast hit by coronavirus-related declines at NBCUniversal<\/strong>”<\/p>\n

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July 30, 2020 |<\/span> 12:41pm <\/p>\n

\n Comcast said its second-quarter revenue slumped 12 percent as the impact of the coronavirus squeezed its NBCUniversal entertainment division.<\/p>\n

The Philadelphia-based cable-TV giant had some bright spots in the quarter \u2014 namely an uptick in internet customers and the launch of streaming service Peacock, which has garnered 10 million sign-ups since April, even as cord-cutting continues to slam Comcast\u2019s core business.<\/p>\n

Nevertheless, revenue its NBCU unit plunged 25.4 percent to $6.1 billion, with its theme<\/a> parks suffering a 94-percent revenue drop. While Universal Studios\u2019 Orlando and Japan theme parks have been open since June, the Hollywood location has yet to reopen.<\/p>\n

Meanwhile, advertising revenue at NBCU\u2019s cable networks and broadcast-television units fell by 27 percent and 28 percent, respectively.<\/p>\n

NBCU Chief Executive Jeff Shell is hoping his firm\u2019s deal with AMC Theatres, which will allow it to bring its movies<\/a> to streaming services after 17 days, will give it a much-needed cash infusion.<\/p>\n

Shell said Thursday that the deal, which shortens the theatrical window from three months to under three weeks,\u00a0will benefit his company even after the pandemic is over.<\/p>\n

\u201cWe\u2019ve always believed there\u2019s a growing segment of the population who don\u2019t go to movie theaters,\u201d Shell said.<\/p>\n

Comcast CEO Brian Roberts echoed that both Peacock and the AMC deal shows how his \u201ccompany is really trying to lean into streaming,\u201d as more consumers cut their cable services.<\/p>\n

Indeed, during the quarter, Roberts said Comcast\u2019s core cable systems continued to lose pay-TV subscribers, but delivered a strong uptick in internet customers.<\/p>\n

The firm added 323,000 high-speed internet customers, but lost 477,000 pay TV customers during the quarter compared with a loss of 224,000 in the same period of 2019.<\/p>\n

Coronavirus-related theme park closures, TV and film production delays and a pullback in advertising spend caused Comcast\u2019s revenue for the period ended June 30 to fall 11.7 percent to $23.72 billion from $26.86 a year earlier. <\/span>Net income slid 4.4 percent to $3 billion or 65 cents a share from year-ago profit of $3.12 billion or 68 cents.\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Comcast hit by coronavirus-related declines at NBCUniversal” July 30, 2020 | 12:41pm Comcast said its second-quarter revenue slumped 12 percent as the impact of the coronavirus squeezed its NBCUniversal entertainment division. The Philadelphia-based cable-TV giant had some bright spots in the quarter \u2014 namely an uptick in internet customers and the launch of streaming service…<\/p>\n","protected":false},"author":1,"featured_media":37382,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[46399],"class_list":["post-37381","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-comcast-hit-by-coronavirus-related-declines-at-nbcuniversal"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/37381","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=37381"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/37381\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/37382"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=37381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=37381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=37381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}