Warner Bros. Discovery announced its intention to divide its media operations into two public companies by next year, separating its streaming services and movie properties from traditional networks. The new entity for Streaming and Studios will include HBO Max and all movie franchises, while Global Networks will encompass traditional channels such as CNN and TBS. CEO David Zaslav will lead the Streaming and Studios branch, and Gunnar Wiedenfels will take the helm of Global Networks. This restructuring comes amid mixed reactions from staff at CNN, reflecting Zaslav's controversial leadership.
Warner Bros. Discovery's restructuring will see its media entities split into two public companies, focusing on distinct areas of streaming and traditional television.
David Zaslav will lead the new Streaming and Studios entity, while Gunnar Wiedenfels will become CEO of the Global Networks business as part of this reorganization.
#warner-bros-discovery #media-restructuring #streaming-services #traditional-television #corporate-leadership
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