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Comcast Q2 Upset by Shortfalls at Theme Parks, Movie Studios
Comcast's second quarter was marred by revenue shortfalls at its theme parks and movie studio and it grappled with customers leaving its cable service
Comcast Corp. said it grappled with a tricky second quarter in which its traditional TV operations fared relatively well, but its movie-studio and theme-park operations did not, even as it continued to see customers migrate away from some of its cable and broadband offerings. Revenue from the company’s unit that includes NBCUniversal, theme parks and Universal Pictures fell 7.5% to $10.06 billion. The results surface as Comcast, like its media rivals, is navigating tricky terrain.
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