Strategic Decision
announces plans to spin off 's cable television networks, including , , and others, into a separate publicly traded company, aiming to capitalize on growth opportunities amidst the streaming revolution.
The spinoff, expected to be formally announced, will retain NBC broadcast television network, film and television studios, theme parks, and the streaming service under Comcast, targeting a year for completion.
Industry Impact and Outlook
This move reflects broader industry challenges, with Comcast joining others like and in adjusting to the declining value of cable assets due to streaming's rise.
The new venture, potentially led by as CEO, aims to be well-capitalized for future acquisitions, amid predictions of further media consolidation and a strategic shift for Comcast.
