Warner Bros. Discovery will divide into two separate publicly traded companies, aiming to sharpen focus and maximize the value of its expansive media assets, the company announced Monday.
In a landmark shake-up, Warner Bros. Discovery revealed plans on Monday to split into two distinct publicly traded companies. The strategic move is designed to better capitalize on the company’s wide-ranging media assets by creating more focused operational units.
The first company will consolidate Warner Bros. Discovery’s entertainment-heavy divisions, including Warner Bros. Television, Warner Bros. Motion Picture Group, DC Studios, HBO, and the HBO Max streaming service.
The second company will house the firm's television and sports businesses, such as CNN, TNT Sports, Discovery+, Bleacher Report, and various European free-to-air networks.
“This restructuring allows each business to operate with more strategic clarity and flexibility, while delivering greater value to shareholders,” the company said in a corporate statement cited by international media.
To support the restructuring, Warner Bros. Discovery will take out a $17.5 billion loan, which it plans to recapitalize before the formal division is completed.
The move marks one of the most significant reorganizations in the media industry in recent years and reflects the growing pressure on legacy media firms to adapt to rapid shifts in audience behavior, streaming competition, and digital transformation.
Start your day informed with AnewZ Morning Brief: here are the top news stories for June 20th, covering the latest developments you need to know.
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Start your day informed with AnewZ Morning Brief: here are the top news stories for June 20th, covering the latest developments you need to know.
A deadly overnight Russian drone assault on Ukraine’s Black Sea port city of Odesa left one person dead and at least 14 injured, striking residential buildings and key rail infrastructure, according to local authorities.
There are international calls to seek a diplomatic solution amid rising tensions in the Middle East and to prevent Iran from acquiring nuclear weapons. That's according to U.S. Secretary of State Marco Rubio and key international allies who discussed the escalating conflict between Iran and Israel.
The World Bank is pushing for “radical” debt transparency from developing countries to prevent future financial crises, warning that hidden debts are fueling instability.
Canada warns the U.S. to reach a trade deal by 21 July or face new steel and aluminium tariffs, as PM Carney vows to protect Canadian workers from U.S. measures.
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Start your day informed with AnewZ Morning Brief: here are the top news stories for June 20th, covering the latest developments you need to know.
A deadly overnight Russian drone assault on Ukraine’s Black Sea port city of Odesa left one person dead and at least 14 injured, striking residential buildings and key rail infrastructure, according to local authorities.
There are international calls to seek a diplomatic solution amid rising tensions in the Middle East and to prevent Iran from acquiring nuclear weapons. That's according to U.S. Secretary of State Marco Rubio and key international allies who discussed the escalating conflict between Iran and Israel.
The World Bank is pushing for “radical” debt transparency from developing countries to prevent future financial crises, warning that hidden debts are fueling instability.
Canada warns the U.S. to reach a trade deal by 21 July or face new steel and aluminium tariffs, as PM Carney vows to protect Canadian workers from U.S. measures.
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