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

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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.

 

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Everyone at Comcast:

shashank_ishere

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

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