Warner Bros. Discovery will split into two distinct companies, focusing on streaming and studios, and another for its linear television businesses. This strategic move aims to enhance the efficiency and competitiveness of their portfolio by mid-2026. The "Streaming and Studios" entity will encompass Warner Bros. Television and HBO brands, while "Global Networks" will oversee its news and sports operations. CEO David Zaslav emphasizes the importance of this decision in continuing the legacy of the company while adapting to industry changes. Leadership roles have been outlined for both new companies, with Zaslav and CFO Gunnar Wiedenfels at the forefront.
Warner Bros. Discovery announced plans to split into two companies, separating streaming and studios from linear television businesses to optimize brand potential by mid-2026.
This split aims to empower the iconic brands of Warner Bros. with sharper focus and strategic flexibility, allowing them to compete effectively in the media landscape.
CEO David Zaslav highlighted the cultural significance of the company and its legacy, stating the split is a necessary step for future success in a changing industry.
Specific naming for the new companies is pending, with Zaslav leading Streaming and Studios and WBD CFO Wiedenfels heading Global Networks, effective upon completion of the split.
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