NBCU Media revenue increased 3.6% to $5.3 billion, reflecting higher distribution revenue, partially offset by lower advertising revenue. Distribution revenue increased 8.4% to $2.7 billion, driven by increases at Peacock and contractual rate increases, partially offset by a decline in subscribers.
Mitch Rose, SVP of federal government affairs for Comcast NBCUniversal. has been named EVP and head of the company’s Washington. Rose succeeds Kathy Zachem, who is retiring after 13 years with Comcast NBCU.
The Department of Justice has decided against ramping up an investigation into Comcast’s seven-year-old acquisition of NBCUniversal — despite President Trump recently doubling down on his criticism of the tie-up as anticompetitive.
Supporters of the AT&T-Time Warner deal have pointed to the success of a similar one between Comcast and NBCUniversal, where both sides are thriving.
Comcast NBCUniversal has agreed to buy a 51% ownership stake in Universal Studios Japan for $1.5 billion. Universal Studios Japan, which has experienced continued growth in attendance and revenue since it opened in 2001, currently operates as an independent company under license from NBCUniversal.