Comcast to spin off NBCUniversal and Sky into separate company

Comcast said Monday that it plans to spin off NBCUniversal into a separate publicly traded company, the latest shift in an industry grappling with rapid technological change and new consumer habits

Comcast said Monday that it plans to spin off NBCUniversal into a separate publicly traded company, the latest shift in an industry grappling with rapid technological change and new consumer habits.

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The independent NBCUniversal will include the Universal Pictures film studio, the NBC and Telemundo broadcast networks, NBC News, the streaming service Peacock, the cable channel Bravo, a lucrative theme parks division and Sky, a British TV broadcaster Comcast acquired in 2018.

Comcast will focus on providing broadband, cable and wireless services to business and residential customers. Comcast’s share price rose nearly 10% in early NASDAQ trading following the announcement.