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Warner Bros. Discovery is splitting into two separate companies — a dramatic shakeup that will create one division focused on streaming and Hollywood blockbusters and the other on cable TV and ...
Warner Bros. Discovery is dividing its assets into two separate publicly traded companies, the media conglomerate announced Monday. The move will put the company's iconic movie studio, television ...
Warner Bros. Discovery's history dates back more than two decades to the ill-fated merger of AOL and Time Warner in 2001. At the time, the $165 billion deal was hailed as the future of digital ...
Warner Bros. Discovery is splitting into two separate publicly traded companies – one oriented around the HBO Max streaming service and Warner Bros. studio, and the other around CNN and other ...
Warner Bros. Discovery, the parent company of HBO Max, CNN and TNT, announced Monday it would split into two companies by the middle of next year, the latest move by a major media conglomerate to ...
New York City-based Warner Bros. did not immediately respond to a request for comment. Shares of the company were up 10.7% in early trading. The company has a market value of $24.3 billion.
The new business, AOL Time Warner, joins the nation’s largest online firm — with 26 million subscribers — to the nation’s biggest media and entertainment company, creating a multimedia ...
In 2009, Time Warner spun off AOL. On June 23, 2015, AOL was acquired by Verizon Communications ( VZ ) for $4.4B. Later, in 2021, Verizon sold both AOL and Yahoo to private equity firm Apollo ...
Warner Bros. Discovery's TNT Sports will stop making content for NBA TV, ending an nearly two-decade-old TV alliance ...
The second company, Global Networks, will include Warner Bros. Discovery’s entertainment, sports and news television brands around the world including CNN, TNT Sports and Discovery.
Warner Bros. Discovery is dividing its assets into two separate publicly traded companies, the media conglomerate announced Monday. The move will put the company’s iconic movie studio ...
The streaming business will include Warner Bros. Television, DC Studios and HBO, as well as the company’s film and TV libraries. In its release, Warner Bros. Discovery said the split would allow ...