Comcast’s fourth-quarter 2020 financials reflected expected struggles for its NBCUniversal division due to the ongoing coronavirus pandemic. Fortunately, the company’s traditional business made up for some of the difficulties at the entertainment subsidiary.
NBCUniversal’s Q4 revenue fell 18% year to year as TV ratings declined and the rolling-out of several series was delayed due to COVID-19 production shutdowns. Cable television revenue slipped 6% from Q4 2019. Broadcast-TV (NBC) revenue declines doubled that on a percentage basis.
To-date, streaming service Peacock has reached 33 million subscribers, according to Comcast.
On the film side, “The Croods: A New Age” contributed what it could from a mostly home release.