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Comcast to spin off NBCUniversal and Sky into separate media business

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Entertainment arm split from mobile and broadband in move that raises questions over future of Sky NewsBusiness live – latest updatesComcast is to spin off its media operation, which includes the Hollywood film studio, TV and theme park business NBCUniversal and Sky, into a separately publicly listed company. The move comes eight years after the US group, which said the separation will take a year to complete, acquired Sky’s European operations for £31bn.

Entertainment arm split from mobile and broadband in move that raises questions over future of Sky News

Comcast is to spin off its media operation, which includes the Hollywood film studio, TV and theme park business NBCUniversal and Sky, into a separately publicly listed company.

The move comes eight years after the US group, which said the separation will take a year to complete, acquired Sky’s European operations for £31bn.

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Comcast (ORG) Sky NewsBusiness (LOCATION) Hollywood (LOCATION) Sky (PERSON) US (LOCATION) European (ORG)
Originally published by The Guardian UK Read original →