'I expect consumers will return to theaters,' says NBCUniversal CEO Jeff Shell, adding that PVOD 'will be part' of the film sector as a 'complementary offer'
"I would expect that consumers are going to return to theaters," and PVOD will be part of the film environment as a"complementary" element, says Jeff Shell as Peacock is"pacing ahead" of expectations.
Comcast CFO Mike Cavanagh said while recent movies have had digital success, "we will determine our future distribution approach on a title-by-tile basis."on premium VOD instead of waiting for cinemas to reopen after the pandemic, saying it could herald a permanent change in how Universal releases its movies.
Comcast CFO Mike Cavanagh said TV advertising trends will "materially weaken" in the second quarter, partially offset by lower sports costs. Roberts admitted that there will be "substantial operating losses" at the company's theme parks, but added they will benefit from substantial pent-up demand when they reopen. He added that the firm will ensure visitors feel safe and confident to attend them.
Roberts also addressed the loss of sports events, saying when they return there will be "so much excitement and enthusiasm" whether stadiums filled with fans or not. He said the loss of sports was a “material event” in Europe as many Sky customers have paused their sports package subscriptions.
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