Thu, December 12, 2024

Warner Bros Discovery to split TV and streaming businesses into two units

Shares rose about 3% in premarket trading after the company said the new corporate structure will "increase optionality to pursue further value creation opportunities for both divisions". Media companies are considering options for their cable TV businesses as a largescale shift by consumers toward streaming has slammed growth in traditional TV,

Warner Bros. Discovery Inc. is undergoing a significant corporate restructuring, planning to split its studio business into two separate entities. This strategic move aims to enhance operational efficiency and focus. One division will concentrate on theatrical and games, while the other will manage the production and distribution of television content, including streaming services. This restructuring comes as part of CEO David Zaslav's broader strategy to streamline operations and reduce costs, following the merger of WarnerMedia and Discovery. The split is expected to allow each division to pursue more targeted growth strategies and potentially attract different types of investors or partners.

Read the Full Yahoo Finance Article at:
https://ca.finance.yahoo.com/news/warner-bros-discovery-restructure-split-134200544.html