UPDATE: Comcast Sees Opportunities at NBCU But NBC Has “A Long Way To Go”

Comcast 2012 EarningsUPDATE, 7 AM: NBC can generate “hundreds of millions” of dollars just by reaching parity with other networks, NBCUniversal chief Steve Burke told analysts this morning. “We’re underperforming our peers….We’re starting to make some progress, but there’s a long way to go.” He has a similar message regarding NBCU’s cable networks that include USA, MSNBC and Syfy. Pay TV operators and advertisers pay more for competitors’ networks than they do for NBCU’s. “We have a real opportunity over the next few years” to change that. They aren’t doing badly, though: Burke says that cable network results in Q1 were hurt by the NBA lockout, although he declined to say how much of a hit the company took. Burke returned to the O-word, “opportunity,” to describe prospects for Universal Studios. He says that this year’s slate of movies is stronger than last year’s. “We’re hopeful.” Comcast CEO Brian Roberts adds that he’s optimistic the content businesses will benefit from their association with the company’s cable operations. “I think we’re sitting on one of the great brands and libraries.” The growth campaign could be helped by Comcast’s efforts to offer TV Everywhere: Cable systems chief Neil Smit says he wants to provide “the broadest selection of content” to subscribers who want to watch TV shows on mobile devices. Burke adds that “most of the big content companies realize that TV Everywhere is important.” For example, he says the company plans to stream events from the Olympics. How will NBCU get paid? That “doesn’t matter too much,” he says. If the company provides additional value to viewers “that’s where a lot of the (operating cash flow) comes from.” (more…)

This article was printed from https://deadline.com/2012/05/comcast-exceeds-q1-forecasts-with-surprising-strength-at-nbc-but-weakness-elsewhere-265401/