Comcast Splits Off NBCUniversal | Venice Beach News

Comcast is splitting off its entertainment giant NBCUniversal into its own standalone company, including beloved brands like NBC, Peacock, Universal Pictures, and Sky, while Comcast shifts focus to its core cable and internet services. This follows last year’s spinoff of CNBC and Golf Channel into Versant, part of a broader media consolidation trend as companies battle streaming wars. The move could make NBCUniversal an acquisition target while positioning Comcast for potential mergers in the cable space. Bought in 2011, NBCUniversal has struggled to turn Peacock profitable amid the streaming shift, impacting Comcast’s stock — and the split, targeted for year-end, will leave Comcast holding an 11% stake in the new entity. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/591a9c613bf590e2