The Comcast spin-off aims to leverage its cable TV’s $7 billion revenue base and explore more partnerships and acquisitions while it remains profitable|HanSangYoon|CC BY-SA 4.0
Comcast announced it is spinning out most of its linear television channels into a separate publicly traded company, SpinCo, for now. The move aims to unlock growth and acquisition opportunities in the evolving media landscape.
The plan comes when traditional media sees declining cable revenues and increasing streaming competition.
SpinCo will oversee channels like MSNBC, USA, Syfy, Oxygen, E!, and CNBC, as well as digital platforms like Rotten Tomatoes, Fandango, GolfNow, and Sports Engine.
The spin-off aims to leverage these cable TV’s $7 billion revenue base and explore more partnerships and acquisitions while it is profitable.
Bravo, Peacock, and Telemundo will remain within Comcast. Peacock has shown incredible growth, gaining 3 million subscribers in the quarter. It now has over 36 million customers.
Comcast expects SpinCo to wrap up by the end of 2025, pending board and regulatory approvals.
The strategic pivot aims to ensure Comcast thrives amid its digital transformation. Industry experts wonder if other media giants, like Walt Disney or Warner Bros. Discovery, will follow suit and spin out their cable channels.