Comcast: Weighing The Multiple Headwinds Against The Fruitful Initiatives

Comscore, an American media analytics company, reported zero dollars spent in movie theatres for the weekend ending March 20. The last time we witnessed zero ticket sales was in 1994, following the Northridge earthquake’s shutdown of Hollywood.

Of course, Comcast (CMCSA) is a movie maker, via Universal Studios. The company shut down production of “Minions: Rise of Gru” due to COVID-19. The firm also delayed the debut of “WIcked” and “F9.” I can’t say I blame them, considering most movie theatres are shuttered.

Comcast has another debut that’s been hindered by the coronavirus: Peacock, the company’s new streaming service, was set to launch a week before the 2020 Olympics.

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