Comcast 2012 Annual Report Download - page 48

Table of Contents
Our most significant operating cost is the programming expense we incur to provide content to our video customers. We anticipate
that our programming expenses will continue to increase. We have, and will continue to attempt to, offset increases in programming
expenses through rate increases, the sale of additional video and other services and through operating efficiencies.
NBCUniversal
NBCUniversal is a leading media and entertainment company that develops, produces and distributes entertainment, news and
information, sports and other content for global audiences.
Cable Networks
Our Cable Networks segment consists primarily of our national cable entertainment networks (USA Network, Syfy, E!, Bravo,
Oxygen, Style, G4, Chiller, Cloo and Universal HD); our national cable news and information networks (CNBC, MSNBC and CNBC
World); our national cable sports networks (Golf Channel and NBC Sports Network); our 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 are primarily brand-
aligned and other websites.
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 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 broadcast television stations, our broadcast television production operations, and our related digital media properties,
which are primarily brand
-
aligned websites. Our Broadcast Television segment generates revenue primarily from the sale of
advertising and the licensing of our owned programming. Our Broadcast Television segment also generates revenue from the sale of
our owned programming, retransmission of our owned local television stations’
signals and fees received from our affiliated local
television stations.
Filmed Entertainment
Our Filmed Entertainment segment produces, acquires, markets and distributes filmed entertainment worldwide. Our films are
produced primarily under the Universal Pictures, Focus Features and Illumination names. We also develop, produce and license live
stage plays. Our Filmed Entertainment segment generates revenue primarily from the worldwide distribution of our owned and
acquired films for exhibition in movie theaters, the licensing of our owned and acquired films, and the sale of our owned and acquired
films on standard-definition video discs and Blu-ray discs (together, “DVDs”)
and through digital distributors. Our Filmed
Entertainment segment also generates revenue from producing and licensing live stage plays and distributing filmed entertainment
produced by third parties.
Theme Parks
Our Theme Parks segment consists primarily of our Universal theme parks in Orlando and Hollywood. We also receive fees from
third parties that own and operate Universal Studios Japan and Universal Studios Singapore for intellectual property licenses and
other services. Our Theme Parks segment generates revenue primarily from theme park attendance and per capita spending at our
Universal theme parks in Orlando and Hollywood, as well as from licensing and other fees. Per capita spending includes ticket price
and in-park spending on food, beverages and merchandise.
Other
Our other business interests primarily include Comcast-
Spectacor, which owns the Philadelphia Flyers and the Wells Fargo Center
arena in Philadelphia and operates arena management-related businesses.
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Comcast 2012 Annual Report on Form 10-
K