Comcast is spinning out Rotten Tomatoes and cable networks into a separate company
Briefly

from Engadget3 months ago
Comcast is spinning off Rotten Tomatoes, Fandango, and several NBCU cable networks into a new tax-free entity. The move aims to enhance revenue and position for future media consolidations.
Engadgethttps://www.engadget.com/big-tech/comcast-is-spinning-out-rotten-tomatoes-and-cable-networks-into-a-separate-company-151153285.html
The spun-out properties generated approximately $7 billion in revenue in the past year. This new entity is expected to be accretive to Comcast’s revenue growth while remaining neutral on its leverage.
Engadgethttps://www.engadget.com/big-tech/comcast-is-spinning-out-rotten-tomatoes-and-cable-networks-into-a-separate-company-151153285.html
The spin-off is described as being 'expected to be accretive to revenue growth at Comcast'. This indicates a strategic move not just for immediate gains but potentially for larger industry alignments.
Engadgethttps://www.engadget.com/big-tech/comcast-is-spinning-out-rotten-tomatoes-and-cable-networks-into-a-separate-company-151153285.html
Comcast refers to the new entity as 'SpinCo' for now, which reflects a temporary placeholder name rather than a final identity, suggesting a more strategic branding will follow.
Engadgethttps://www.engadget.com/big-tech/comcast-is-spinning-out-rotten-tomatoes-and-cable-networks-into-a-separate-company-151153285.html
Read at Engadget
#comcast #spin-off #nbcuniversal #media-consolidation #revenue-growth
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