Overview

• The Streaming & Studios unit will house Warner Bros. Television, Warner Bros. Motion Picture Group, DC Studios, HBO and HBO Max.
• Global Networks will include cable and free-to-air channels such as CNN, TNT Sports and Discovery alongside digital brands like Discovery+ and Bleacher Report.
• David Zaslav will lead the Streaming & Studios company while CFO Gunnar Wiedenfels becomes CEO of Global Networks.
• The break-up aims to give each unit sharper focus and strategic flexibility as consumers shift from cable to streaming.
• Shares jumped more than 9% in premarket trading after the split announcement reopened the stock for trading.