Comcast announced Monday, June 29, 2026 that it will spin off NBCUniversal, including Universal Destinations & Experiences (Universal Orlando, Hollywood, Japan, Singapore, Beijing, Epic Universe, the upcoming UK park), into a standalone publicly traded media and entertainment company. The tax-free separation is expected to close in roughly one year, around mid-2027. Mike Cavanagh becomes CEO of the new NBCUniversal; Michael Angelakis becomes CEO of Comcast. Comcast retains up to a 19.9% stake in NBCUniversal for up to one year after closing. No immediate operational changes to Universal Orlando were announced, and ongoing projects (Epic Universe expansions, Dark Universe permit work, Jurassic Park River Adventure refurb, the UK park) are not affected.