
Comcast has announced that upcoming spin off of its theme park and media assets separate from its broadband and wireless operations. This will place Universal’s theme park division inside a standalone media and entertainment company called NBC Universal with the communications business will remain known as Comcast. The new NBC Universal will be structured similar to Disney and this movie is being done with the hope that the market will value the new company like it does Disney. When you compare the two companies they are similar in market cap and annual revenue, but the stock price is a different matter as Disney stock trades at near double that of Comcast. Why is Disney stock worth more than Comcast stock?
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