Comcast has announced plans to split into two publicly-traded companies, with one company retaining its wireless and broadband businesses and the other including its NBCUniversal assets, such as Universal theme parks and the Universal movie studio.

Details of the Split

The separation is expected to be completed within a year, according to the company’s announcement. Mike Cavanagh, Comcast’s co-CEO, explained that the company has changed its mind about the benefits of operating these businesses as one company. Cavanagh also tried to downplay speculation that the move is a precursor to NBCUniversal being acquired by another media company.

For Universal theme parks, which accounted for about 7 percent of Comcast’s total revenue in 2025, the reorganization would make its parent company more similar to rival Disney as a pure media and content giant. However, Comcast’s diversification had its benefits, such as during the COVID-19 pandemic, when profits from its wireless and broadband businesses could balance NBCUniversal’s losses.

Original reporting: Orlando Rising — read the source article.