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Monday’s announcement is Warner Bros. Discovery’s answer to investor pressure and intensive industry-wide change.
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 ...
Would you like to own CNN, TNT, and the Discovery Channel? Warner Bros. Discovery owns them now — but wants to get rid of them.
Warner Bros. Discovery plans to split into two companies, separating studios and streaming from cable TV networks, to enhance streaming content production and to better compete.
Warner Bros. Discovery will split into a Streaming & Studios business with HBO and DC Studios, while Global Networks will include CNN and Discovery.
The second company, Global Networks, will include WBD’s entertainment, sports and news television brands around the world, including CNN, TNT Sports and Discovery.