Warner Bros. Discovery is separating out its cable channels, too
Since the combination that created Warner Bros. Discovery, we have transformed our business and improved our financial position while providing world class entertainment to global audiences,” WBD president and CEO David Zaslav said in a statement (via THR).
Warner Bros. Discovery (WBD) Stock Trades Up, Here Is Why
Shares of global entertainment and media company Warner Bros. Discovery (NASDAQ:WBD) jumped 14.3% in the morning session after the company revealed plans to split its business into two separate units: Global Linear Networks and Streaming & Studios.
Warner Bros. Discovery plans to separate linear networks and streaming businesses
The move resembles a recent plan from Comcast to split most of its cable channels from the rest of its business. Warner Bros. Discovery doesn’t want to be left behind in the world of new media. As announced by WBD on Thursday,
Warner Bros. Discovery shares surge 15% after company announces linear, streaming restructuring
WBD on Thursday announced a restructuring plan to segment its business into linear and streaming units in a move that could simplify future consolidation.
What’s Behind the Big Jump in Warner Bros. Discovery’s (WBD) Stock Today?
Streaming & Studios: This unit will oversee Warner Bros. Discovery’s globally scaled streaming platforms, including Max and discovery+, along with its prominent entertainment studios. This division will be laser-focused on growth, delivering compelling content across its platforms, while aiming to achieve strong returns on invested capital.
Warner Bros. Discovery restructures, setting stage for potential deals
Investors cheered the news that Warner Bros. Discovery planned to separate its cable channels, except for HBO, into a separate unit.
Warner Bros Discovery plans two-way split aiming for potential cable deal
Warner Bros Discovery on Thursday decided to separate its declining cable TV business from the streaming and studio operations, laying the groundwork for a potential sale or spinoff of its TV business as cord-cutting picks up pace.
Warner Bros. Discovery separates TV networks from its streaming and studio business
Warner Bros. Discovery is separating its TV business including CNN from its streaming and studios. It illustrates a cable industry in decline.
Warner Bros. Divides Cable Assets From Streaming Businesses
Warner Bros. Discovery Inc. is changing its corporate structure and creating separate divisions for its cable and streaming businesses.
Warner Bros. Discovery stock surges as it restructures its business
Warner Bros. Discovery, CNN’s corporate parent, announced Thursday, it is establishing a new corporate structure that splits its cable networks off from its growing streaming business.
Warner Bros. Discovery Restructures in Seeming Bid to Fuel Future Deals
Warner Bros. Discovery said it would, going forward, “serve as the parent company for two distinct operating divisions,” one that holds linear TV networks, and another centered around production studios and streaming platforms,
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