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COMCAST PATCHES UP THE PEACOCK

April 23, 2014 by · Leave a Comment 

Comcast’s controversial takeover of NBCUniversal appears to be paying off. “It’s an incredible turnaround story,” Comcast chief Brian Roberts said in a conference call with analysts on Tuesday. Earlier in the day, Comcast reported that its NBC broadcast unit, which includes the NBC network and its owned television stations, saw revenue rise 72 percent in the quarter to $2.6 billion, $846 million of which came from its coverage of the Winter Olympics. Also speaking to the analysts, NBCUniversal CEO Steve Burke said that the network is on track to finish the season in first place among the key 18-49 age group. He credited the success not only of the Olympics but also such shows as The Voice and The Blacklist in primetime, and The Tonight Show with Jimmy Fallon and Late Night with Seth Meyers in the late-night hours. Comcast’s Universal Studios unit, which includes both the film division and the home-video unit saw profits increase 31 percent to $288 million, largely on the success of Ride Along, starring Ice Cube and Kevin Hart, Lone Survivor, starring Mark Wahlberg and international ticket sales for The Wolf of Wall Street, starring Leonardo DiCaprio. Overall, Comcast reported that it made $1.9 billion in profits in the first quarter of 2014, an 18-percent increase year-over-year.