Warner Bros. Discovery announced its separation into two publicly traded companies: 'Streaming & Studios' and 'Global Networks'. David Zaslav will lead 'Streaming & Studios', which includes HBO and DC Studios. 'Global Networks', headed by Gunnar Wiedenfels, encompasses CNN and Discovery+. Zaslav expressed that this division will sharpen focus and improve competitiveness, while Wiedenfels highlighted the advantages of tailored investment opportunities for each business. The restructuring is expected to complete by mid-2026, following earlier reports of an impending split.
By operating as two distinct and optimized companies in the future, we are empowering these iconic brands with the sharper focus and strategic flexibility they need to compete most effectively in today's evolving media landscape, said Zaslav.
This separation will invigorate each company by enabling them to leverage their strengths and specific financial profiles. This will also allow each company to pursue important investment opportunities and drive shareholder value, said Wiedenfels.
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