33 sources·Business

Comcast to Spin Off NBCUniversal Cable Networks Amid Streaming Trend

Comcast plans to spin off its NBCUniversal cable networks into a new company, responding to declining cable subscriptions and shifting to streaming services.

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Updated: Nov 21st, 2024, 1:47 AM ET

Summary

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Comcast will spin off its NBCUniversal cable networks, including USA and CNBC, into a new entity called 'SpinCo,' as part of a strategy to focus on streaming. Peacock remains with Comcast. This decision reflects the industry's shift away from traditional cable amid declining subscriptions, with experts predicting potential challenges and consolidation for the new company.

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