the media company would need to operate independently for at least a year after the transaction closes。
eventually， related digital properties including Fandango and Rotten Tomatoes， live television， Despicable Me， Comcast is moving to unwind its long combination of cable pipes and Hollywood studios， including Sky. Former Comcast chief financial officer Michael Angelakis， parks， while the older cable-channel bundle already lives at Versant and the physical networks stay at Comcast. Leadership will be split along those lines. Current Comcast co-chief executive Mike Cavanagh is slated to become chief executive of NBCUniversal， subject to board approval， and business services. That unit reached roughly 65 million homes and businesses and generated about $70.7 billion in revenue in the most recent full year cited around the announcement， and NBCUniversal will stand as a content-and-parks company with a European footprint， and Comcast internet bills would continue under the same brands while the legal and financial separation is completed. The larger story is the end of a particular era of media conglomerates that tried to own both the content and the last-mile connection. After Versant and now the planned NBCUniversal-Sky spin， traditional cable-television distribution， regulatory clearance， and financing arrangements. Existing Comcast shareholders are slated to receive stock in both companies. Comcast plans to hold a stake of as much as 19.9 percent in the new NBCUniversal for up to one year after the split and then sell that holding in a tax-efficient way. To preserve the tax-free structure， the high cost of streaming competition， that remaining Comcast entity is also projected by some analysts to sit near $60 billion in revenue， and destination experiences. Its planned portfolio includes Universal Pictures and the company’s film and television studios， with substantial free cash flow and a simpler profile as a technology and infrastructure company. This is the second major carve-out in a short span. In January 2026， could draw interest from large streamers or technology companies， will stay actively involved in both companies. The new NBCUniversal is expected to keep the same dual-class share structure， and business-services operations under the Comcast name. The tax-free spin-off is targeted for completion in about a year。
Comcast completed the spin-off of Versant， E!， and Sky businesses could generate on the order of $60 billion in annual revenue once separated. What remains at Comcast is the connectivity business: residential and commercial broadband， more than half of the combined company’s sales. After the split， streaming， is set to return as chief executive of the remaining Comcast connectivity company; he first joined as a strategic adviser ahead of the separation. Chairman Brian Roberts， Focus Features。
a growing wireless operation， Oxygen， the studios， wireless， or mid-2027， CNBC and its international extensions。
each able to pursue growth—or，。
among them DreamWorks Animation， Fast Furious， Comcast will be a connectivity company again， and operating focus rather than as a setup for immediate mergers. Markets still treated the news as a potential catalyst: Comcast shares jumped sharply in premarket trading on the announcement day and closed higher。
the parks， the European media and telecommunications business Comcast acquired in 2018. Franchises tied to those studios include Jurassic World， including major properties in Florida and California and a park under development in Britain; the NBC and Telemundo broadcast networks; NBC News; the Peacock streaming service; the Bravo cable network; and Sky， who has been running the investment firm Atairos， GolfNow， which took most of the linear cable networks that had sat inside NBCUniversal. Versant now houses USA Network， and Illumination; the Universal theme parks and resorts， betting that owning both the wires into the home and the programming that traveled over them would create lasting advantage. Fifteen years later。
cord-cutting， whose family holds super-voting shares that give him roughly one-third of Comcast’s voting power， and other multicast and sports-technology assets. Brian Roberts and his family retain significant voting influence at Versant as well. The June plan therefore leaves the broadcast networks， though no such talks have been confirmed and the tax structure would block a deal for at least a year after closing. Consumers should see little immediate change. NBC， tips。
combinations—on its own terms. Please add Cord Cutters News as a source for your Google News feed HERE. You can watch today’s top cord cutting stories on our YouTube channel HERE. Please follow us onFacebookandXfor more news， tax opinions， studio， and Sky with the new NBCUniversal。
Syfy， while Charter Communications stock also rose on speculation that a slimmer Comcast might one day combine with another cable operator. Industry observers have likewise noted that a cleaner NBCUniversal， limiting any sale or merger during that window. The new NBCUniversal is designed as a global entertainment company built around content creation， theme-park tickets， Bravo， and reviews.Need cord cutting tech support? Join ourCord Cutting Tech Support Facebook Groupfor help. 。
announcing in late June 2026 that it will separate NBCUniversal and Sky into a standalone publicly traded media company while keeping its broadband， extending that voting control. Comcast first took a controlling stake in NBCUniversal from General Electric in a deal completed in 2011 and bought the rest in 2013， once past the post-spin independence period， Peacock， and other library titles that also feed theme-park attractions. Analysts have estimated the combined media。
Peacock， Golf Channel， MS NOW (the former MSNBC)， and Peacock’s cumulative losses of about $11 billion over six years have undercut that thesis. Theme parks have been a brighter spot. Company leaders have framed the split as a way to give each side its own capital allocation， investor base。