Hurricane Matthew Shouldn't Materially Hurt Comcast, Disney, Moody's Says
Despite the magnitude of Hurricane Matthew, the storm shouldn't materially affect the financial positions of Comcast or Disney, Moody's said in notes to investors Thursday. It said Comcast has millions of subscribers in Florida and along the Georgia and South…
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Carolina coasts, but only a portion of the Florida subscribers are directly exposed to the storm. It said that because Comcast's theme park holdings in Orlando generate less than 5 percent of revenue, and the storm is coming during the off-season, the loss of a few days of operation isn't expected to be significant to overall revenue and cash flow. Parks and resorts generate 31 percent of Disney's annual revenue, but Orlando's Disney World is only a portion of that, Moody's said.