In the context of the input sentence, determine the relationship between 'NBCUniversal' and 'Peacock'.
Options: subsidiary, director/manager, member of, developer

Second quarter financials reflected strong results in cable, which were more than offset by declines at NBCUniversal as well as an increase in corporate and other losses due to Peacock costs and severance and restructuring costs related to organizational changes at NBCUniversal and an increase in eliminations due to the licensing of content between NBCUniversal and Peacock.
subsidiary