PANDEMIC HITS COMCAST 2Q; PEACOCK SERVICE HAS 10M SIGN-UPS

The coronavirus pandemic took a toll on Comcast in the second quarter as movie theaters closed, theme parks shut down and advertisers cut back.

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The company reported that its NBCUniversal TV, film and theme park divisions, as well as its Sky unit in Europe, all suffered steep drops in revenue in the April-June quarter.

But period was not all grim news. The Philadelphia-based company added U.S. internet customers and 10 million people have signed up for its new Peacock streaming service since April. Peacock is free for Comcast customers and has been available to them since April, but opened to the general public, with a much-promoted free tier, on July 15. Signing up for an app doesn’t mean those costumers are using Peacock regularly or at all, however. Comcast has said it hopes to have 30 million to 35 million users by 2024.