Comcast Corp. said Thursday that strikes by Hollywood writers and actors will have a negative but manageable impact, emphasizing that the effects will hit the industry as a whole.
NBC Universal, a Comcast subsidiary, is a member of the Alliance of Motion Picture and Television Producers , the body that negotiates contracts with the unionized writers and actors.Advertisement Total Peacock subscribers almost doubled from 2022 to 2023, and revenue from the streaming service increased by 85% to $820 million for the second quarter, the company said. Still, Peacock was not profitable in the second quarter, posting a $651 million loss, and Comcast made note of increased programming costs for the streaming service., two blocks from Comcast’s Philadelphia headquarters.
In response to an analyst’s question of whether the strikes will have an effect on Peacock’s future profitability, Cavanagh said the strikes would have a negative impact, but “it’s really for all involved in the industry broadly — a prolonged work stoppage — and the longer it goes, the worse it will be.”Overall, Comcast saw revenue growth of 1.7% compared to the second quarter of 2022.
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