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

"NBC Spot On" is a new advanced video advertising business designed for local/regional connected TV and OTT advertisers.

Viamedia, a local video and digital advertising platform, said that its ongoing antitrust lawsuit against Comcast appears to be heading to trial.

Altice USA has struck a deal with Apple that will allow its video subscribers to buy an Apple TV 4K device from the provider and access Altice One.