Media giant Comcast beat on its top and bottom line for the three months ended in June with theme parks and studio strong, even as the latter basks in another giant opening, for Opppenheimer, in the current third quarter. Total revenue nosed up 1.7% to $30.5 billion for the second quarter ended in June. Net income jumped
Theme Parks
With the first green shoots of spring — and mass vaccinations — bringing hope for continued drops in Covid-19 cases, some events and venues sidelined for the past year are cultivating comeback plans. Below is a running list of theme parks and movie theaters that are reopening, movies rescheduled, and awards shows, film festivals and
Walt Disney blew past Wall Street estimates last quarter although it swung to red and revenue fell with Disneyland shuttered, and movie theaters in major markets dark. It’s the last showbiz giant to report financials in the latest earnings round and the most anticipated as its sprawling businesses touch most of media and entertainment for
Comcast chief financial officer Mike Cavanagh said the conglom was “pleased” with the weekend PVOD debut of Pete Davidson-starrer The King Of Staten Island – its latest film to go directly on-demand — and reiterated that while the company’s very eager for theaters to reopen it is likely the distribution model may have permanently changed