Comcast 2014 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 the
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 subscription video on
demand services, and to video on demand and pay-per-
view services. The volume of our content that is made available through
subscription video on demand services 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, from the licensing of our owned and acquired films through various distribution platforms, and from
the sale of our owned and acquired films in home entertainment formats, such as DVDs, and electronically through digital
distributors. Our Filmed Entertainment segment also generates revenue from producing and licensing live stage plays, from the
distribution of filmed entertainment produced by third parties, and from a movie ticketing and entertainment business.
Theme Parks
Our Theme Parks segment consists primarily of our Universal theme parks in Orlando, Florida and Hollywood, California. 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 on-
site themed hotels in which we own a noncontrolling interest.
Our Universal theme park in Hollywood, California 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, in Orlando, Florida.
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
Orlando and Hollywood theme parks. Per capita spending includes ticket price and in-
park spending on food, beverages and
merchandise. Our Theme Parks segment also receives 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 our video services consists primarily of direct broadcast satellite (“DBS”)
providers, which have a national footprint
and compete in all of our service areas, and phone companies with fiber-
based networks, which overlap approximately 55% of our
service areas and are continuing to expand their fiber-based networks. Our high-
speed Internet services primarily compete with
phone companies with fiber-
based networks, which overlap approximately 60% of our service areas and also are continuing to
expand their
Comcast 2014 Annual Report on Form 10
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