Warner Bros. Discovery has announced a significant restructuring strategy, dividing the company into two segments: Streaming & Studios and Global Networks. The first is set to include major brands like HBO and Warner Bros. Pictures, aiming for a prestige streaming service. In contrast, Global Networks will manage the company's cable and digital platforms, burdened by debt. Analysts suggest that this division reflects prior struggles and the past merger with AT&T, with concerns about the company's overall success in recent years continuing to shadow its future approach under CEO David Zaslav.
"I don't think anybody would say that Warner Bros. Discovery has been a rousing success over the past three years. It has been obvious to me that WBD would need to do the same thing, loading up the cable networks with debt and spinning off components to survive."
"The former will house the likes of HBO, Warner Bros. Pictures, HBO Max, and play the hits game - a studio business with a prestige streamer fit for the content king that David Zaslav envisions himself to be."
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