Warner Bros. Discovery is rebranding its streaming service back to HBO Max amid a series of significant strategic changes under CEO David Zaslav. The company plans to split into two distinct entities: Global Networks, which will manage most cable channels and take on the bulk of the company’s $37 billion debt, and Streaming & Studios, which will focus on HBO and Warner Bros. film and television productions. This corporate restructuring is expected to be completed by the middle of next year, influencing future film and television offerings.
"[I]t's safe to assume that the majority of the debt is going to live with Global Networks and a smaller portion - but a not-insignificant portion - on Streaming & Studios as well," Wiedenfels said.
WBD plans to separate into two companies, 'Global Networks' and 'Streaming & Studios,' with Zaslav heading one while CFO Wiedenfels leads the other.
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