Comcast announced plans to spin off NBCUniversal and its European media business, Sky, into a separate publicly traded company, moving the entertainment giant closer to operating independently, according to CNN.
The new company will include NBC, Telemundo, Bravo, Peacock, Universal movie studios and the Universal theme parks. The report said the transaction still requires regulatory approval, with Comcast expecting to complete the spinoff within about a year.
Following the separation, Comcast will focus primarily on its broadband and wireless operations, while NBCUniversal will emerge as one of the industry's largest content companies.
The report added that analysts expect the move to accelerate broader consolidation across the media sector following major industry merger activity.
Related Tweet:
Comcast said Monday it plans to separate its media and technology businesses into two publicly traded companies through a tax-free spin-off of NBCUniversal and Sky, to better position its strategic priorities.
— CNBC (@CNBC) June 29, 2026
The spin-off is expected to be completed in about one year, and… pic.twitter.com/YkRgBN8h0T
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