Comcast Leaps to a Record as `Get Out' Helps Film Unit Shine
- ‘Fifty Shades’ also boosts sales 43% at Universal studio
- Shares climb to record price of $40.29 in New York trading
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Comcast Corp.’s foray into Hollywood is paying off, with box-office hits “Get Out” and “Fifty Shades Darker” boosting first-quarter profits and sending shares to a record.
The two films -- a sequel to “Fifty Shades of Grey” and a critically acclaimed horror film -- drove a 43 percent increase in sales for Comcast’s Universal unit. That fueled profit of 53 cents a share, which exceeded even the highest estimate.