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Warner Bros. Discovery to split into two, separating CNN and cable networks from streaming
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.
Warner Bros. Discovery to split into two companies, dividing cable and streaming services
NEW YORK (AP) — Warner Bros. Discovery will split into two public companies by next year, calving off cable operations from its streaming service as the number of people “cutting the cord” brings with it a sustained upheaval in the entertainment industry.
Warner Bros. Discovery to split into two companies: What to know
Warner Bros. Discovery will split into two companies by next year, with much of its streaming and movie production moving under one company and its live sports and news to another, according to the Washington Post .
TV-burdened WBD will struggle to cut the cord
Warner Bros Discovery’s credit was slashed to junk, the latest fallout from broadcasting’s collapse. Some $34 bln in net debt makes it hard to cleave CNN from HBO while satisfying both lenders and shareholders.
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