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 companys new direction.The post Warner Bros Discovery to split into two companies appeared first on Linda Ikeji Blog.Warner Bros Discovery to split into two companies
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 companys new direction.The post Warner Bros Discovery to split into two companies appeared first on Linda Ikeji Blog.
