Comcast gets a bump from NBCU's theme parks business

Few investment analysts thought Comcast would actually keep NBCUniversal's theme parks division -- and all of its associated maintenance and public safety costs -- when it purchased the programming conglomerate in 2011. 

But after putting in billions of dollars' worth of new rides, renovations and upgrades into Universal's parks in Orlando, Fla. and Southern California, the cable giant has developed a vibrant new revenue stream. Overall attendance increased 10.4 percent in 2014 to 40.2 million. And for the first half of 2015, operating cash flow from theme parks was $617 million, a 49 percent year-over-year increase. 

The New York Times has a complete look at the turnaround being experienced in Comcast's theme parks division. You can read it here.

Suggested Articles

When Disney+ launches on Nov. 12, Verizon’s unlimited wireless and in-home internet subscribers will get a year of the service free of charge.

Check out our updates on third-quarter results for streaming media companies, programmers, pay TV operators and broadcasters.

Charter has found another media ally in its fight against online video piracy, enlisting Fox to fight online video piracy and password sharing.