Comcast to split its cable business from media through NBCUniversal and Sky spinoff

Comcast is set to divide into two separate, publicly traded entities, spinning off its NBCUniversal and Sky media assets. This strategic move will create distinct companies: one focused on broadband and wireless services, and the other on theme parks, film, TV studios, and European media. The separation aims to adapt to evolving consumer habits and the dynamic streaming landscape. Shareholders will hold stakes in both new ventures.