NBCUniversal Earnings Fall, 'Cats' Contributes to 49 Percent Film Profit Drop

  • 📰 THR
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

Cable giant Comcast reported lower fourth-quarter earnings for entertainment unit NBCUniversal, where a disappointing theatrical start for 'Cats' contributed to a 49 percent film profit drop. Details:

Benchmark analyst Matthew Harrigan recently lowered his quarterly film EBITDA estimate to $98 million from $131 million, with another $4.4 million from the initial U.K. and Ireland results taking the global total to just $10.9 million.

"took over day-to-day operations as NBCU CEO, with Burke serving as chairman until he retires in August.Last week, Comcast and NBCU top executives unveiled their plans for streaming service Peacock, which will launch in April as a product that it hopes will appeal to streaming natives but not necessarily entice existing pay TV subscribers to cut the cord and jeopardize NBCUniversal's $11.8 billion cable business.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Everyone at Comcast:

shashank_ishere

The movie would have done better if it was just 2 hours of random cat videos.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 411. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

NBCUniversal ad sales chief says Peacock will focus on innovating ad formats - Business InsiderNBCUniversal ad sales chief Linda Yaccarino said Peacock will focus on innovating ad formats to balance ad effectiveness and user experience.
Source: BusinessInsider - 🏆 729. / 51 Read more »