Overview

• Warner Bros. Discovery is reportedly preparing to split its cable networks from its studios and Max streaming platform, following a model similar to NBCUniversal's Versant spinoff.
• CNBC’s David Faber stated that an announcement regarding the split could come in the near future, based on his discussions with insiders.
• The company has already reorganized its financial reporting into separate segments, a key preparatory step for the potential split.
• Approximately $35 billion in debt must be allocated between the resulting entities, a process expected to slow the timeline for the split.
• The move reflects broader industry trends as media companies streamline operations and focus on digital growth amid shifting consumer habits.