Comcast Outlines Its Media Strategy Amid Versant Spinoff
News Source : Adweek
News Summary
- During the Comcast Q2 earnings call on Thursday, executives outlined how the business would change following the spinoff of Versant.
- These included the broadband business; theme parks with the opening of Epic Universe in Orlando, Florida; and the media segment, which includes a mix of live events, sports, and entertainment.
- Mike Cavanagh, Comcast president, pointed to how Love Island USA, which streams exclusively on Peacock, was the top streaming reality series for the entirety of the seventh season.
$30.31 billion Revenue that Comcast generated in Q2, which rose by 2%.7% U.S. advertising drop during Q2.18% Revenue increase at Peacock.41 million Total number of Peacock subscribers, whic [+1992 chars]
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