Particle.news
Download on the App Store
45 ARTICLES
·
2mo ago

Warner Bros. Discovery to Split Into Streaming & Studios and Global Networks

Separating its streaming studios from its cable networks, the company will concentrate debt on its Global Networks unit to fuel growth at its streaming arm.

Image
Image
Warner Bros Discovery CEO David Zaslav (Chris Smith/TheWrap)

Overview

  • Warner Bros. Discovery announced on June 9 that it will break into two publicly traded companies by mid-2026, formalizing the separation of its streaming and cable operations.
  • Streaming & Studios, under CEO David Zaslav, will house HBO Max, Warner Bros. Motion Picture Group, Warner Bros. Television, DC Studios and their content libraries.
  • Global Networks, led by CFO Gunnar Wiedenfels as CEO, will include CNN, TNT Sports, TBS, Discovery+ and other linear and digital network assets.
  • Approximately $34 billion of the group’s net debt will be assigned to Global Networks, freeing the streaming arm to invest in content production and subscriber growth.
  • WBD shares surged over 7% in early trading as investors welcomed the move to sharpen strategic focus during the industry’s shift from traditional cable to streaming services.