NBCUniversal to Launch Streaming Service in 2020; Announces Shake Up of Executive Ranks

NBCUniversal plans to launch a streaming service in 2020 and the company is also unveiling a major shakeup of its top executive ranks, according to Variety.

The many changes coming to NBCU include: Mark Lazarus, who is currently the supervisor of NBC Sports and stations, will expand his oversight and become chairman, NBCUniversal Broadcast, Cable, Sports and News. He will run cable operations previously managed by Hammer as well as NBCU's various news operations, including NBC News and CNBC.

Jeff Shell, currently chairman of Universal Filmed Entertainment Group, will expand his duties and become chairman of NBCUniversal Film and Entertainment. He will take oversight of NBC Entertainment, Telemundo, and NBCU's international operations.

Bonnie Hammer will become chairman of Direct-to-Consumer and Digital Enterprises for NBCU, and will also supervise the company's STAKES in digital-media outlets like Vox, Snap and Buzzfeed. Maggie Suniewick,who leads the company's digital enterprises group, will report to Hammer.

Donna Langley will become chairman, Universal Filmed Entertainment Group, adding global theatrical distribution and home entertainment to her portfolio. She will report to Shell.

NBC News Chairman Andy Lack and CNBC CEO Mark Hoffman will report to Lazarus. Cesar Conde, who oversees Telemundo and international operations, will report to Shell. Linda Yaccarino, chairman of ad sales and client partnerships, continues to report to Burke, along with Shell, Lazarus and Hammer.

Read the original article on Variety.