Matt Bond, chairman of content material distribution at NBCUniversal, has introduced his exit from the Hollywood studio forward of a derivative of Comcast’s cable channels.
“Within the spirit of leaving on a excessive word, I’ve determined that it’s the proper time professionally and personally for me to retire,” Bond mentioned in an inner memo obtained by The Hollywood Reporter. Bond has, nevertheless, agreed to serve in an advisory function for a number of years at NBCUniversal.
Comcast plans a derivative of most of its cable networks right into a separate entity, led by Mark Lazarus as CEO. Structured as a tax-free spinoff to Comcast shareholders, the transaction is anticipated to take round a 12 months to finish.
“NBCUniversal has by no means been in higher situation with respect to distribution,” Bond declared in his exit announcement.
The complete inner memo from Matt Bond follows:
Hello everybody,
Pleased New 12 months.
First, I wish to congratulate you all in your work on this epic deal cycle via 2023 and 2024. These 17 offers have been completed at a pivotal second for NBCUniversal, spanning the intersection of streaming and linear cable and the creation of latest packaging paradigms. We exceeded all our monetary aims whereas leaving flexibility for the expansion of Peacock. As we’ve executed yearly for the final 13 years, we achieved this with out a single distribution dislocation. NBCUniversal has by no means been in higher situation with respect to distribution. Within the spirit of leaving on a excessive word, I’ve determined that it’s the proper time professionally and personally for me to retire. Nonetheless, the corporate has requested me to serve in an advisory function for the subsequent few years, and I’ve agreed to take action. As a lot of you realize, I’ve been contemplating this for a very long time, weighing my very own private challenges. However, as Lisa all the time informed me, “You all the time wish to go away simply because the get together is getting good.”
Matt Schnaars and I shall be working via a transition, and we’re working intently with Matt Strauss on how our workforce will match into the brand new Media Group construction. As we work via these particulars, we will definitely share them with you. I couldn’t be extra grateful and honored to have been a part of the Comcast NBCUniversal household for over 20 years. As soon as I got here to Comcast in 2002, I by no means as soon as seemed for an additional job. Comcast is an excellent household that cares about all its folks, and that perspective begins with Brian and goes via the entire group. The corporate has all the time handled me higher than I anticipated or deserved.
I additionally really feel blessed to have labored with all of you – the neatest and most succesful folks within the business. Along with a lot of you, we’ve seen many modifications within the tv enterprise, and we are going to see many extra. However folks love the content material we produce, and the longer term appears to be like exceptionally vibrant as new applied sciences develop the attain of our content material. Via all of this, our workforce has remained nimble and located methods to navigate this variation in a manner that added worth to NBCU, constructing a very unparalleled status for fulfillment amongst our business friends within the course of. And I do know this work doesn’t come straightforward – it’s the results of hundreds of hours of late nights, typically over weekends and holidays.
I couldn’t be prouder of the work that everybody has executed over the past decade. It really is a outstanding accomplishment. We’ve a small workforce, each one among whom is essential to success of the entire. To paraphrase Winston Churchill, it’s not typically so many owe a lot to so few. I received’t be going far and look ahead to persevering with to work with you all in my new capability.
Thanks for every thing.
Matt