Tuesday, June 10, 2025 - Warner Bros. Discovery announced Monday, June 9, plans to split into two separate publicly traded companies as part of a strategic effort to strengthen its streaming business while maximising value from its traditional news and entertainment operations.
The company will divide into “Streaming & Studios” and
“Global Networks,” a move designed to allow each entity to focus more
effectively on its specific market and growth potential. The restructuring is
expected to be completed by mid-2026.
Under the new structure, Streaming & Studios will manage
assets such as HBO Max and the Warner Bros. libraries, including studio
production facilities in California and the UK, as well as tours and
experiences. The focus will be on expanding HBO Max, which currently operates
in 77 markets.
Global Networks will encompass Discovery, CNN, and TNT
Sports, which are known for their live event coverage. This division reaches
approximately 1.1 billion viewers across 200 countries and territories.
Warner Brothers Discovery CEO David Zaslav will lead the
streaming division, while CFO Gunnar Wiedenfels will head Global Networks.
Zaslav emphasized that the split will provide both companies with sharper focus
and strategic flexibility needed to compete in a rapidly evolving media
landscape.
Following the announcement, Warner Brothers Discovery shares
rose 10.3 percent in early trading, reflecting investor confidence in the
company’s new direction.
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