After floating the idea last month, NBCUniversal offloaded several properties into an independent entity called 'SpinCo.'
in the streaming era to move forward with breaking up its properties in order to survive. Back in the day, these major conglomerates gobbled up other companies with questionably legal, monopolistic fervor. . The spin-off is expected to be completed within a year, pending approval from the Comcast board of directors.
In his own statement, Comcast president Mike Cavanagh said, “This transaction positions both SpinCo and NBCUniversal to play offense in a changing media landscape. Taken together, the entirety of NBCUniversal will be on a new growth trajectory, fueled by our world-class content, technology, IP, properties and talent—all working in concert with each other as an integrated media company.”.
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