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Comcast subsidiary NBCUniversal is allocating most of its investment cash to its successful theme parks business, in particular NBCU is banking on its Warner Bros. franchise “Harry Potter,” to boost revenues. Speaking on Comcast’s fourth quarter earnings call, chief financial officer, Michael Angelakis noted that capital expenditure at NBCUniversal in 2013 was primarily driven by theme parks and that 2014 would see similar levels of investment.
Read more from The New York Post and The LA Times.