Comcast 2014 Annual Report Download - page 53

Table of Contents
from the sale of advertising on our cable networks and related digital media properties, from the licensing of our owned
programming through distribution to subscription video on demand services and various other distribution platforms, and from the
sale of our owned programming electronically through digital distributors such as iTunes.
Broadcast Television
Our Broadcast Television segment consists primarily of the NBC and Telemundo broadcast networks, our 10 NBC and 17
Telemundo owned local broadcast television stations, the NBC Universo (formerly mun2) national cable network, our broadcast
television production operations, and related digital media properties. Our Broadcast Television segment generates revenue
primarily from the sale of advertising on our broadcast networks, owned local broadcast television stations and related digital media
properties, from the licensing of our owned programming through various distribution platforms, including to cable and broadcast
networks and to subscription video on demand services, and from fees received under retransmission consent agreements.
Filmed Entertainment
Our Filmed Entertainment segment primarily produces, acquires, markets and distributes filmed entertainment worldwide, and it
also develops, produces and licenses live stage plays. Our films are produced primarily under the Universal Pictures, Focus
Features and Illumination names. 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 on standard-definition video discs and Blu-
ray discs
(together, “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. Our
Theme Parks segment generates revenue primarily from theme park attendance and per capita spending. Per capita spending
includes ticket price and in-
park spending on food, beverages and merchandise. Our Theme Parks segment also receives fees
from third parties that own and operate Universal Studios Japan and Universal Studios Singapore for intellectual property licenses
and other services.
Other
Our other business interests consist primarily of Comcast-
Spectacor, which owns the Philadelphia Flyers and the Wells Fargo
Center arena in Philadelphia, Pennsylvania and operates arena management-related businesses.
2014 Developments
The following are the more significant developments in our businesses during 2014:
•
an increase in consolidated revenue of 6.4% to $68.8 billion and an increase in consolidated operating
income of 9.9% to $14.9 billion
•
the entry into the merger agreement with Time Warner Cable whereby Time Warner Cable will become
our wholly owned subsidiary; see “Time Warner Cable Merger” below for additional information
•
the entry into an agreement with Charter contemplating three transactions that would result in a net
disposition of approximately 3.7 million video customers following the Time Warner Cable merger; see
“
Divestiture Transactions
”
below for additional information
Comcast 2014 Annual Report on Form 10-K
48