Theatrical revenue at the division was up 65.9% to $913m.Ĭomcast’s streaming service Peacock gained two million paid subscribers during the quarter to reach a total of 24m. Cavanagh emphasised “the strength of our film studios and in particular our animation business,” noting other successes such as Fast X and Oppenheimer. The comments came as Comcast, owner of NBCUniversal and Sky, reported revenue of $30.5bn (up 1.7% from the previous year) for the second quarter and net income of $4.2bn (up 25.1%).Ĭomcast’s studio division saw adjusted EBITDA for the quarter hitting $255m (compared to a $3m loss the year before), driven by the box office performance of Illumination’s The Super Mario Bros. It’s going to have a negative impact all around.” Comcast Corporation is “committed to reaching a fair deal with the guilds as soon as possible,” according to president Michael Cavanagh, who commented on the Hollywood labour strikes while discussing the conglomerate’s strong second quarter financial results.Ĭavanagh added, though, that if the labour unrest is prolonged “the longer it goes, the worse it will be.
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