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Comcast (CMCSA) Stock Slips Despite NBCUniversal Deal on Harry Potter Franchise

NEW YORK (TheStreet) -- Shares of Comcast (CMCSA) were down in mid-morning trading today despite its subsidiary NBCUniversal announcing a seven-year deal with Time Warner's (TWX) Warner Bros. to secure television rights to the "Harry Potter" and "Fantastic Beasts" franchises.

The deal takes effect in 2018 and will allow the company to air the films on all of its networks, but mainly on its USA and Syfy channels, the Wall Street Journal reports. NBCUniversal will also be able to use the franchises' source material at several of its Universal theme parks alongside its "Wizarding World of...