NEW: Steve Burke to step down as CEO of NBCUniversal
Shell will take over a company in transition, most notably as entertainment companies move to compete with competitors from the tech industry including Netflix, Amazon and Apple. NBCUniversal is preparing to launch its own direct-to-consumer subscription service,"When Comcast acquired NBCUniversal in 2011, I never imagined it would become the fastest growing media company.
Burke has worked for NBCUniversal for 22 years, moving from Disney to run Comcast's cable arm before transitioning to NBCUniversal. "While this has been a dream job, it has always been my plan to hand off the baton at the right moment and move on to the next chapter of my life where I can pursue a different set of interests," Burke said in the release."It is great to know I am leaving the company in terrific hands with Jeff, who is the right leader to usher in the next phase of growth and success for NBCUniversal.
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