The entertainment behemoths have taken massive losses from theme park and movie theater closures.
’ ranking of the world’s largest media companies, but that could very well change next year as the pandemic throws the entertainment industry into chaos.
Although the majority of Comcast’s revenue comes from its cable communications business, it owns NBCUniversal and Sky, which have been hit hard by the coronavirus. Both experienced losses in advertising revenue between January and March, and Comcast has warned the situation will get worse. to 2021 and broke the theatrical window forby releasing it on video on demand in March. Plus, the company had to close its highly-profitable theme parks in the U.S. and Asia. .
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