Comcast Confirms Spin-Off of NBCUniversal and Sky into Standalone Media Company
Summary
Comcast has announced a corporate split into two separate publicly traded companies. One entity will focus on broadband and wireless operations, while the other — led by Mike Cavanagh — will house NBCUniversal's media and entertainment assets including Universal theme parks, film/TV studios, NBC and Telemundo networks, Peacock, Bravo, Sky, and Comcast's European pay-TV business. The spin-off is expected to close within roughly a year, following Comcast's earlier separation of Versant.
Source
bskyComcast Confirms Spin-Off of NBCUniversal and Sky into Standalone Media Companybriefly.coKey quotes
· 4 pulledComcast confirmed a split into two separately listed companies, separating broadband and wireless operations from a standalone media and entertainment business centered on NBCUniversal.
The new entity will include Universal theme parks, the film/TV studio, NBC and Telemundo networks, Peacock, Bravo, and Sky, plus Comcast's European pay-TV business acquired in 2018.
Mike Cavanagh will lead the new NBCUniversal, while Michael Angelakis will run the remaining Comcast.
The split is expected to close within about a year, after Comcast's earlier Versant separation began trading independently in January.
You might also wanna read
Comcast to Spin Off NBCUniversal and Sky Media into Separate Public Company
Comcast announced it will spin off its media business (NBCUniversal and Sky) from its broadband and wireless technology operations into two
deadline.com·1d agoComcast to Spin Off NBCUniversal and Sky Media into Separate Public Company
Comcast announced it will spin off its media business (NBCUniversal and Sky) from its broadband and wireless technology operations into two
Deadline·1d ago
Comcast Plans to Spin Off NBCUniversal and Sky Into Separate Public Company
Comcast announced plans to spin off NBCUniversal and Sky into a separate publicly traded company, marking another major shift in the media l
Comcast to Spin Off NBCUniversal and Sky in Tax-Free Corporate Split
Comcast announced a major corporate restructuring plan to split into two independent publicly traded companies through a tax-free spin-off o
hollywoodreporter.com·1d ago
Comcast to Spin Off NBCUniversal and Sky in Tax-Free Corporate Split
Comcast announced a major corporate restructuring plan to split into two independent publicly traded companies through a tax-free spin-off o
hollywoodreporter.com·1d ago
Comcast plans to spin off NBCUniversal assets to focus on broadband and wireless
Comcast plans to spin off the remaining NBCUniversal assets — including NBC, Bravo, Peacock, Telemundo, Universal Studios, Universal theme p
The A.V. Club·1d ago
Comcast to Spin Off NBCUniversal and Sky, Fueling M&A Speculation
Comcast announced it will spin off NBCUniversal and Sky into a separate company by mid-next year, raising questions about whether the media
mrf.lu·1d ago
Comments
Sign in to join the conversation.
No comments yet. Be the first.