- Comcast is spinning off its NBCUniversal entertainment assets (Peacock, film/TV studio, theme parks) into a separate company after years of trying to combine pipes and content.
- The strategy of bundling distribution with media has repeatedly faltered — think Time Warner, AT&T and Verizon — so this split echoes a broader industry trend.
- Investors cheered the move (Comcast stock jumped ~20%), and the media unit’s fate — potential buyers like Netflix, Amazon or Apple — makes for fun speculation.
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