Comcast 2013 Annual Report Download - page 17

Table of Contents
The majority of our produced and acquired films are initially distributed for exhibition in movie theaters. After their release in movie
theaters, we sell and license our films through various methods. We distribute our films globally by selling them in DVD format to
retail stores, rental kiosks and subscription by mail services and by selling electronic copies through digital distributors and video-
on-
demand services provided by multichannel video providers, including our Cable Communications segment. We also license our
films, including selections from our film library, to cable, broadcast and premium networks, to digital distributors, and to video-on-
demand and pay-per-
view services. The volume of our content that is made available through digital distributors is increasing as
consumers continue to seek alternative ways to view our content.
Our Filmed Entertainment segment generates revenue primarily from the worldwide distribution of our produced and acquired films
for exhibition in movie theaters, the sale of our owned and acquired films in home entertainment formats, such as DVDs, and the
licensing of our owned and acquired films. We also generate revenue from producing and licensing live stage plays and distributing
filmed entertainment produced by third parties as well as from various digital media properties.
Theme Parks
Our Theme Parks segment consists primarily of our Universal theme parks in Orlando and Hollywood. Universal Orlando includes
two theme parks, Universal Studios Florida and Universal’
s Islands of Adventure, as well as CityWalk, a dining, retail and
entertainment complex. Universal Orlando also features three on-
site themed hotels in which we own a noncontrolling interest. Our
Universal theme park in Hollywood consists primarily of Universal Studios Hollywood. In addition, we license the right to use the
Universal Studios brand name and other intellectual property, and also provide other services, to third parties that own and operate
the Universal Studios Japan theme park in Osaka, Japan and the Universal Studios Singapore theme park on Sentosa Island,
Singapore. We also own a water park, Wet ‘n Wild, located in Orlando.
Our Theme Parks segment licenses the right to use a substantial amount of intellectual property from third parties for its themed
elements in rides, attractions, retail outlets and merchandising.
Our Theme Parks segment generates revenue primarily from theme park attendance and per capita spending at our Universal
theme parks in Orlando and Hollywood. Per capita spending includes ticket price and in-
park spending on food, beverages and
merchandise. We also receive fees from the third parties that own and operate Universal Studios Japan and Universal Studios
Singapore for intellectual property licenses and other services.
Competition
All of our businesses operate in intensely competitive, consumer-
driven and rapidly changing environments and compete with a
growing number of companies that provide a broad range of communications products and services and entertainment, news and
information products and services to consumers. Technological changes are further intensifying and complicating the competitive
landscape for all of our businesses by challenging existing business models and affecting consumer behavior.
Cable Communications
Competition for the cable services we offer consists primarily of direct broadcast satellite (“DBS”)
providers, which have a national
footprint and compete in all our service areas, and phone companies, which overlap approximately 45% of our service areas and
are continuing to expand their fiber-
based networks. These competitors offer features, pricing and packaging for cable services that
are comparable to the pricing and services we offer. There also continue to be new companies, some with significant financial
resources, that potentially may compete on a larger scale with our cable services. For example, companies continue to emerge that
provide Internet streaming and downloading of video programming, some of which charge a
Comcast 2013 Annual Report on Form 10
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