On Tuesday, Comcast’s cable networks became the latest big company to announce a name change. As a badge for the cable network portfolio it plans to spin off (including CNBC and USA), it’s ditching the temporary name of SpinCo in favor of Versant.
SpinCo wasn’t a household name, so Comcast’s gamble is probably less chancy than the retagging of other high-profile companies in recent times. These include Recognition Music, the new handle for Hipgnosis as of last month, and As Ever, the name Meghan Markle picked in February to replace her American Riviera Orchard brand.
Naming is serious business in the branding realm, and the monikers tend to follow established patterns. Assuming a brand doesn’t take the name of its founder or owner (Newman’s Own, Ben & Jerry’s) or isn’t completely made up (Ikea, Sony), names are often portmanteaus, which have the advantage of a familiar sound and dual meaning. Accenture is a portmanteau of …