---
title: "Massive restructuring at former Showmax shareholder"
url: https://daily.dev/posts/massive-restructuring-at-former-showmax-shareholder-ej7qnqh6u
source_url: https://techcentral.co.za/massive-restructuring-at-former-showmax-shareholder/283125
type: article
source: "TechCentral"
published: 2026-06-29T12:23:25.128Z
updated: 2026-06-29T12:23:46.941Z
reading_time: 4
upvotes: 0
comments: 0
language: en
---

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# Massive restructuring at former Showmax shareholder

**[TechCentral](https://daily.dev/sources/techcentral)** · 4 min read · 0 upvotes · 0 comments

## Summary

Comcast is splitting into two publicly traded companies by spinning off NBCUniversal and Sky from its broadband and cable services arm. The move unwinds 15 years of telecoms-media consolidation, driven by cord-cutting, streaming competition from Netflix, and broadband subscriber losses. For South Africa, the spinoff separates an NBCUniversal already retreating from Africa after its 30% stake in Showmax cost over R5-billion before Canal+ shut the service down. The new NBCUniversal — covering Universal theme parks, film studios, NBC, Peacock, and Sky — could become an M&A target, with analysts suggesting Netflix may have interest in its studio assets. The deal is expected to close within a year.

## Full article

daily.dev links to this article rather than hosting it. Read it at the original source: <https://techcentral.co.za/massive-restructuring-at-former-showmax-shareholder/283125>

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