Comcast to split into NBCUniversal and Comcast Corp, completing within a year
Two independent, publicly traded companies will emerge from Comcast within a year: NBCUniversal and Comcast Corp. The split, announced June 29, 2026, comes less than a year after Comcast spun off many of its cable networks into a separate company, Versant. NBCUniversal will carry NBC, Telemundo, Peacock, Bravo, its film and television studios, theme parks and the European Sky business. Comcast Corp will focus on broadband, wireless and entertainment platforms for residential and business customers. Brian Roberts remains Comcast's chairman and co-CEO, Mike Cavanagh moves from co-CEO to CEO of NBCUniversal, and former Comcast CFO Michael Angelakis returns to the company as CEO. Comcast said NBCUniversal will be "strongly positioned to compete and grow in an evolving media landscape."
Ad buyers now face two separate sales organizations. Comcast said advertisers will keep access to both NBCUniversal and Versant inventory under the same data and technology stack, but gave no indication of how long that arrangement holds once the businesses formally separate. Deals booked across NBC, Peacock, Telemundo and Bravo may need to be renegotiated or re-mapped as NBCUniversal becomes its own public company under Mike Cavanagh, while budgets tied to Versant's cable networks sit under a third distinct corporate entity. Anyone tracking reach and spend across NBCUniversal, Versant and Comcast's remaining platforms will need to account for three separate corporate structures within a year.