Business
Comcast to Spin Off NBCUniversal and Sky into Independent Company
July 13, 2026 at 08:02 PM
Coverage
Comcast has announced plans to separate its media and entertainment assets, including NBCUniversal and Sky, into a new publicly traded company.
- Comcast announced the spin-off of NBCUniversal and Sky into a separate publicly traded company, with shareholders retaining stakes in both.
- Comcast expects the transaction to close within one year, subject to board and regulatory approvals.
- Mike Cavanagh will serve as CEO of the new media company, while Michael Angelakis will become CEO of the remaining Comcast.
- Comcast said it will retain up to 19.9% of NBCUniversal for up to one year after the separation.