Comcast 2011 Annual Report Download - page 46

NBCUniversal
NBCUniversal is a leading media and entertainment company that develops, produces and distributes enter-
tainment, news and information, sports and other content for global audiences. In 2011, our NBCUniversal
segments generated 34% of our consolidated revenue and 19% of our operating income before depreciation
and amortization.
Cable Networks
Our Cable Networks segment consists primarily of our national cable entertainment networks (USA Network,
Syfy, E!, Bravo, Oxygen, Style, G4, Chiller, Cloo (formerly Sleuth) and Universal HD); our national cable news
and information networks (CNBC, MSNBC and CNBC World); our national cable sports networks (Golf Chan-
nel and NBC Sports Network (formerly VERSUS)); our 13 regional sports and news networks; our
international cable networks (including CNBC Europe, CNBC Asia and our Universal Networks International
portfolio of networks); our cable television production studio; and our related digital media properties, which
consist primarily of brand-aligned and other websites, such as DailyCandy, Fandango and iVillage. Our Cable
Networks segment generates revenue primarily from the distribution of our cable network programming to
multichannel video providers, the sale of advertising and the licensing and sale of our owned programming.
Broadcast Television
Our Broadcast Television segment consists primarily of the NBC and Telemundo broadcast networks, our
NBC and Telemundo owned local television stations, our broadcast television production operations, and our
related digital media properties, which consist primarily of brand-aligned websites. Our Broadcast Television
segment generates revenue primarily from the sale of advertising, the licensing of our owned programming,
the sale of our owned programming on standard-definition video discs and Blu-ray discs (together, “DVDs”),
through digital media platforms and from the licensing of our brands and characters for consumer products.
Filmed Entertainment
Our Filmed Entertainment segment consists of the operations of Universal Pictures, including Focus Features,
which produces, acquires, markets and distributes filmed entertainment worldwide in various media formats
for theatrical, home entertainment, television and other distribution platforms. We also develop, produce and
license stage plays. Our Filmed Entertainment segment generates revenue primarily from the worldwide theat-
rical release of our owned and acquired films, the licensing of owned and acquired films to broadcast and
cable networks and the licensing and sale of our owned and acquired films on DVD and in various digital
formats. We also generate revenue from distributing third parties’ filmed entertainment, producing stage
plays, publishing music and licensing consumer products.
Theme Parks
Our Theme Parks segment consists primarily of our Universal theme parks in Orlando and Hollywood. We
also receive fees from intellectual property licenses and other services from third parties that own and oper-
ate Universal Studios Japan and Universal Studios Singapore. Through June 30, 2011, we held a 50% equity
interest in, and received special and other fees from, Universal City Development Partners, Ltd. (“Universal
Orlando”), which owns Universal Studios Florida and Universal’s Islands of Adventure in Orlando. On July 1,
2011, NBCUniversal completed the acquisition of the remaining 50% equity interest in Universal Orlando that
it did not already own for $1 billion. As a result, Universal Orlando is now a wholly owned consolidated sub-
sidiary of NBCUniversal, and its operating results have been consolidated with our results following the
acquisition. Our Theme Parks segment generates revenue primarily from theme park attendance and per
capita spending, as well as from management, licensing and other fees. Per capita spending includes ticket
price and in-park spending on food, beverage and merchandise.
Comcast 2011 Annual Report on Form 10-K 44