Philadelphia-based Comcast to spin off NBCUniversal, Sky
PUBLISHED Jun 29, 2026, 10:03 AM ET
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Comcast, headquartered in Philadelphia, announced on Monday that it will split into two publicly traded companies by spinning off its NBCUniversal and Sky media assets. The move will create a standalone media and entertainment company, including NBC and Telemundo networks, Universal film and television studios, theme parks, Peacock, Bravo, and the European pay-TV group Sky. The remaining Comcast entity will focus on broadband, wireless, and other connectivity services. The separation, structured as a tax-free spin-off, is expected to occur within about a year, pending board and regulatory approvals. Comcast plans to retain up to a 19.9% stake in NBCUniversal for up to a year after completion.
By Michael Grant | JQJO News
Timeline of Events
- Earlier this year Comcast divests most cable television operations
- Monday Comcast announces two-company split publicly
- Monday Board outlines tax-free spin-off structure
- Over coming months Pursues needed regulatory and board approvals
- Within about one year Completes NBCUniversal and Sky separation
- Post-separation Comcast focuses broadband and wireless services
- Post-separation NBCUniversal-Sky operates independent media group
- Up to one year Comcast retains 19.9 percent NBCUniversal stake
News Intelligence
- This split could affect your TV and internet services. Comcast's focus will shift to broadband and wireless. NBCUniversal and Sky will be a standalone media group. Keep an eye on any changes to your subscriptions or bills.
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