Comcast is splitting NBCUniversal and European satcaster Sky into a separate company to boost its stock price. The move will make Mike Cavanagh the CEO of NBCUniversal and Sky, while former Comcast chief financial officer Michael Angelakis will lead the slimmed-down Comcast.
According to Todd Spangler, Variety’s business editor, the decision is about giving these two businesses more flexibility and allowing them to focus on their individual strengths. The split is not aimed at acquiring other companies, but rather to position the businesses for future growth and opportunities.
The move has sent Comcast shares up 4.5% in early trading, with some speculating that the company may be looking to expand through mergers and acquisitions (M&A) again. However, CEO Brian Roberts denied this, stating that the goal is to allow each business to operate independently and capitalize on new opportunities.
As for the TV show “Supergirl,” Variety reporter Jack Dunn attributed its poor performance to a lack of appeal among younger fans in social media feeds. He believes that the superhero movie genre needs a fresh shake-up and is excited about DC’s upcoming release, “Clayface,” which promises to offer a new lens on the genre with body horror elements.
Source: https://variety.com/2026/film/news/box-office-supergirl-toy-story-5-comcast-nbcuniversal-sky-1236798801