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Warner Bros. Discovery said it will separate its media businesses into two new companies, with cable in one and streaming and studios in the second.
By splitting in two, Warner Bros. Discovery is effectively hitting “undo” on its two-year-old merger of HBO Max and Discovery+.
Warner Bros. Discovery plans to split into two companies, separating studios and streaming from cable TV networks, to enhance streaming content production and to better compete.
Warner Bros. Discovery will split into a Streaming & Studios business with HBO and DC Studios, while Global Networks will include CNN and Discovery.
Warner Bros. Discovery (WBD), the corporate parent of CNN and one of the largest media conglomerates in the country, plans to split its business into two public companies as part of a larger effort… ...
Warner Bros. Discovery is splitting into two separate companies — one focused on streaming and Hollywood blockbusters and the other on cable TV and global networks.
Warner Bros. Discovery to Split Into Two: Streaming and Studios, Global Networks Gunnar Wiedenfels, CFO of Warner Bros. Discovery, will serve as president and CEO of the networks business.
The WB Discovery Merger Failed, And Now It's Splitting Back Up Everyone involved is just an absolute genius doing expert, high-level, business stuff ...
The split comes three years after Warner Bros. and Discovery merged in a bid to capture more of the highly competitive streaming market.
Warner Bros. Discovery is splitting its cable networks and its streaming and studio business, which includes Warner Bros. Motion Picture Group, into two separate companies. Stella Kalinina for The ...