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

Streaming TV service FuboTV has expanded its deal with Discovery Inc. and in the coming weeks will add Discovery Channel, TLC and more to its base subscriber…

AT&T’s new DirecTV streaming service, due out later this year, is being packaged with a proprietary Android TV-based streaming device. But, the service…

Comcast is calling on its cable brethren, Charter and Cox, for a new initiative called On Addressability focused on building a “sound, scalable and sustainable…