NBC Universal profits despite iTunes and WGA strike

I wouldn’t have expected NBC Universal to have a “record performance” in 2007. But according to their CEO, Jeff Zucker, they did. In fact, NBC realized a total profit of $923 million and revenue of $2.1 billion. I’m sure you know that NBC Universal drop out of iTunes last year – and I would have expected that to hurt their revenue; obviously, it hasn’t. This success may be the reason for Universal ditching iTunes in the first place – they only gained $15 million from it over the last year. Compared to their other sectors (cable and film), that is a fairly small amount. We would have also assumed that the 9 weeks (in 2007) of the Writer Guild Association strike would have put a damper on revenue and profits.

NBC Universal had a few major movie releases in 2007, including “The Bourne Ultimatum”.

Via [Electronista]