NBC TV Revs Drop, Films And Theme Parks Rise

Taking out special sports programming, Comcast’s NBCUniversal witnessed a 5.5% rise in revenue -- coming from advertising and higher transmission fees.

NBC says this year’s Super Bowl pulled in $376 million, while first-quarter 2014 tallied $1.1 billion for the Sochi Olympics.

Overall revenue for NBCUniversal sank 4.0% to $6.6 billion. Excluding any sports programming gave NBC nearly an 8% rise to $6.2 billion.

Total NBC broadcast revenue was down 14.2% to $2.2 billion. Cable networks were also down 5.9% to $2.36 billion.

NBCUniversal’s film unit had a 7% increase in revenue to $1.4 billion due to higher content licensing and home entertainment revenue. Theme Parks perked up 34% to $651 million as a result of higher guest attendance and its Orlando’s “The Wizarding World of Harry Potter” attraction.

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Looking at Comcast’s cable business, the company lost 8,000 video subscribers, but gained 407,000 for high-speed Internet and 77,000 voice customers. Local cable advertising revenue slipped .0.7% to $504 million.

Comcast’s recent failed efforts to acquire Time Warner Cable amounted to $99 million in the first quarter of this year.

Company-wide revenues at Comcast were 2.6% higher to $17.9 billion; with net profit 10% higher to $2.1 billion -- better than analysts estimates. Midday trading of Comcast’s stock was up 1.4% to $59.27.

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