As a staff member, do you feel moving to SpinCO from NBCUniversal is wise, or a bad move? I'm happy to see Comcast moving quickly to fill the SpinCo's senior leadership team, but I'm thinking about rank-and-file staff now. Here's what I'm thinking:
- If you are a SpinCo business now and don't get invited over to SpinCo, you're done.
- If you're an aspiring executive at NBCU, then a higher-level post at SpinCo might be a smart move (for a while at least)
- If you work in a NBCU shared service like HR, Finance, IT, CyberSecurity it's a mixed bag. You might be able to switch to SpinCO at the same level. Otherwise, you might be sc--wed as all shared service functions that can be migrated over get migrated to Comcast. NBCUniversal won't be small after SpinCo spins away, but with NBCU being much simpler going forward, there's no need for so much redundancy between what Comcast has and NBCU's duplicate functions.
Looking more broadly:
- Universal Parks (UD&E): You're the most safe of all, even if you get spun off in a separate transaction later or sold off.
- Universal Films: You're safe as well, no matter what Comcast decides to do with you
- Peacock: Right now, a lot of hopes are pinned on your performance, but your business can't keep losing money and being 5th or 6th in market share forever. A spinoff or sale is likely - Comcast won't have infinite patience and moves like the NBA deal won't save you.
With Comcast having swallowed most of Sky and now taking bites out of NBCUniversal piece-by-piece, it's possible SpinCo will outlast NBCUniversal as a separate entity.