Comcast Plans Two Standalone Firms: Cable Operations and NBCUniversal/Sky

Comcast announced a plan to split into two independent companies—the cable/tech business and NBCUniversal/Sky—via a tax-free spin-off of NBCUniversal and Sky targeted for mid-2027. After the split, shareholders will own stock in both firms; NBCUniversal will be led by Mike Cavanagh as CEO, while the stand-alone Comcast Cable unit will be led by Michael Angelakis (who will become Comcast CEO after the separation). The move keeps Comcast’s dual-class share structure and may leave up to a 19.9% NBCUniversal stake for about a year. NBCUniversal will include Sky under the spin-off. The company says the separation will let each business pursue its own strategic priorities and growth opportunities, building on recent Versant-related changes.