by Donald Wood
Last updated: 8:20 AM ET, Tue June 30, 2026
Comcast announced plans this week to split into two publicly
traded companies through a spinoff of NBCUniversal and Sky.
According to Reuters.com,
Comcast will now focus on its Xfinity branding through cable, internet,
landline and wireless offerings, as well as business services. As for
NBCUniversal, it will house NBC, Telemundo, Peacock, Bravo, Universal TV, film
studios, theme parks and Sky, which is Comcast’s European media business.
As a result, Comcast named Mike Cavanagh as the Chief
Executive Officer of NBCUniversal, Michael Angelakis as the new CEO at Comcast,
and current Comcast CEO Brian L. Roberts will move into an advisory role with
both companies.
“Each organization will continue to be led by a management
team with deep industry experience that will benefit from focused strategic
priorities and the ability to pursue opportunities most relevant to their
businesses,” Cavanagh said in a statement.
“I’m personally thrilled to continue leading NBCUniversal
into the future,” Cavanagh continued. “With our iconic brands and theme parks,
leading franchises and incredible creative talent, we are well-positioned for
long-term value creation.”
NBCUniversal is expected to become a standalone company
within the next year, pending approval from Comcast’s board and other closing
conditions.
Industry experts told Reuters that on its own, NBCUniversal
could become an attractive takeover target for companies like Netflix,
especially after losing the Warner Bros bidding war. Analysts say companies are
not expected to “bid on the entire media company and it is unclear if NBCU
would be willing to do another split to separate the studio from the rest of
the media business."
Topics From This Article to Explore
