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Comcast to spin off NBCUniversal and Sky

financeJun 29, 202649195

Comcast announced plans to split into two public companies by mid-2027, spinning off its media assets including NBCUniversal and Sky into a standalone publicly traded media and entertainment company. The separation will carve the entertainment arm away from Comcast’s broadband, mobile and technology businesses, and the new company will house brands such as Universal Pictures, NBC, Telemundo, Peacock, Bravo, Sky and the company’s theme parks. Comcast described the transaction as a tax-free spin-off expected to close in about one year, with existing shareholders receiving shares in both companies. Comcast named Mike Cavanagh to lead the spun-off NBCUniversal and Sky as chief executive. The move revives industry debate about the future of Sky News and reduces vertical integration between Comcast’s distribution businesses and its content operations.

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