Comcast profit slips due to fewer box-office hits
NEW YORK (AP) — Comcast's second-quarter profit slipped because of fewer movie hits from its NBCUniversal film-and-TV arm, but it posted big gains in internet customers and its smallest video losses for a second quarter in at least a decade.
While the number of traditional TV customers overall have been slipping — down about 2 million customers over the past three years, according to research firm SNL Kagan — big cable companies Comcast and Charter have been seeing improving trends, winning customers from competitors like Dish and AT&T U-verse.
X1, which has a better user interface and can integrate internet video, is being rolled out and is now in 40 percent of Comcast's cable households, the company says.
Revenue rose at both the cable-networks arm, which includes channels like Bravo, E!, USA Network, CNBC and MSNBC, and the NBC broadcast unit.