Warner Bros. Discovery will divide its operations into two publicly traded companies, one focusing on streaming and studios and the other on its television networks like CNN and Discovery. This strategic move, set for completion by mid-next year, aims to unlock shareholder value and create distinct opportunities for both areas amid a shifting media landscape. This press release follows a trend among media giants to separate their growing streaming divisions from traditional television operations, which face long-term declines due to changing viewer habits.
Warner Bros. Discovery is splitting into two public companies to focus on its streaming business and television networks, aiming to enhance shareholder value and strategic flexibility.
The split aims to separate faster growing streaming operations from legacy television networks facing long-term decline, as viewers shift away from traditional television.
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