NBCUniversal boss says business is booming, no signs of impending recession

“There’s a drumbeat in the market,” the CEO told CNBC’s Julia Boorstin at theThe exec said that two leading economic indicators in NBCUniversal’s business — namely the theme parks business and the advertising business — are not showing signs that we are headed towards a recession.

“Theme parks are going gangbusters,” Shell said of NBCU’s Universal Studios parks. “Hotel bookings are through the roof.”Shell was in good spirits after a late night at the theShell highlighted some positives for his company, including its streaming service, Peacock.“This is my first time [at Cannes Lions],” he said. “It’s awesome. It feels like a party here. It [the ad market] feels pretty upbeat.

Shell also highlighted some positives for his company, including its streaming service, Peacock, which is ad-supported, as well as an abbreviated theatrical window for movies. During the pandemic, NBCU-owned Universal Pictures led the charge in reducing the time that movies would remain in theaters before appearing on streaming.

Pre-pandemic, the window was 90 days. Now it’s just 17 days for Universal Pictures, the studio behind such franchises as “Fast & Furious,” “Jurassic Park” and “Jason Bourne.”Although Peacock was late to streaming and trails more seasoned media giants like Netflix, Disney+ and HBO Max, Shell touted the“Everything Andy Cohen touches turns to gold,” he concluded.

United States United States Latest News, United States United States Headlines

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

Every day they're hustling! Inflation prompts increase in side gigs amid 'good' job market, says expertBankrate.com senior analyst Ted Rossman told FOX Business that Americans are relying on side hustles to make ends meet amid looming threats of a recession. J6 & President Trump are not a threat to Americans. Only to the Swamp Biden-Harris, election fraud, price hikes, open borders, drug cartels, high crime, Islam, Zuck, KGB Brin, Soros, Obama, Gates and the Lying News Media are! Patriots: RE-TWEET AND Follow us for Trusted insight That's what Republicans want for everyone to have multiple low wage jobs.
Source: FoxBusiness - 🏆 458. / 53 Read more »

Stock market is not fully pricing in a looming recession, warns Morgan Stanley's Mike WilsonA chorus of Wall Street banks say markets haven't got this recession quite priced in. Here's what could happen next: “Haven’t got the recession quite priced in”. Two years later….
Source: MarketWatch - 🏆 3. / 97 Read more »