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If the deal is approved, David Ellison will assume Chairman-CEO of Paramount, while Jeff Shell will take on the role of President.

Peacock experienced subscriber growth, adding two million paying subscribers to bring the total to 22 million, a significant increase compared to the prior year when it had 13 million paying subs.

Jeff Shell, Chief Executive Officer of NBCUniversal, has mutually agreed with Comcast that he will depart effective immediately following an investigation led by an outside counsel into a complaint of inappropriate conduct.

The Tokyo Olympics powered an increase in profits and revenue for Comcast’s NBCUniversal’s media business during the third quarter of the year, despite larger losses from its Peacock streaming service.

Since its debut in April 2020, NBCUniversal’s streaming service Peacock has reached 54 million total signups, and it has generated more than 20 million monthly active users during the last quarter.