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.
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South African authorities have confirmed the deaths of a pilot and two passengers after a light aircraft crashed on Sunday in the KwaZulu-Natal province.
The UK government is exploring new online safety measures that could impose time limits and curfews on children's use of social media apps, in response to growing concerns about digital addiction and harmful content.
More than 400 Stagecoach bus drivers in Scotland have begun an all-out strike from June 9 over a pay dispute, causing major disruptions across Ayrshire, Lanarkshire, and parts of Glasgow.
Azerbaijan's reforms boosting women's employment were hailed at World Bank/IMF meetings. Opening 674 jobs, including train driving, these changes embody a giant leap. Samira, the first female railway driver, proves dreams are now possible.
Canada will reach NATO’s 2% defense spending target this fiscal year—years ahead of schedule—Prime Minister Mark Carney announced Monday, pledging billions in new military investments amid rising global security concerns.
Researchers at the University of Miami have discovered 230 new giant viruses in global ocean waters, shedding light on their hidden role in marine ecosystems and their potential impact on public health.
South African authorities have confirmed the deaths of a pilot and two passengers after a light aircraft crashed on Sunday in the KwaZulu-Natal province.
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.
Start your day informed with AnewZ Morning Brief: here are the top news stories for June 8th, covering the latest developments you need to know.
Presidential candidate Miguel Uribe Turbay is in critical condition after being shot three times — including twice in the head — during a campaign event in Bogotá.
Mexican President Claudia Sheinbaum has condemned U.S. immigration raids and National Guard deployment in Los Angeles, calling for reforms instead of enforcement.
A 30-year-old woman was shot by police in Munich on Saturday evening after stabbing two people at Theresienwiese, a central park best known for hosting Oktoberfest.
Israel’s military says it has identified the body of top Hamas commander Mohammed Sinwar beneath a hospital in southern Gaza.
Tom Cruise has officially entered the record books again—this time for a stunt involving a flaming parachute performed 16 times for Mission: Impossible – The Final Reckoning.
One of J.M.W. Turner's earliest oil paintings, lost for over 150 years, has resurfaced and is set to be auctioned for up to £300,000 in London.
ABBA star Björn Ulvaeus is using AI to write a new musical and says it helps spark ideas.
Disney is cutting several hundred more jobs across its global operations, targeting departments like film, TV, and finance, as it continues to streamline costs in a rapidly evolving media landscape.
A celebration of Turkish cuisine and friendship took place in Karachi on Sunday as the Turkish Consulate hosted a World Breakfast Day event, sharing traditional flavours with a distinguished Pakistani audience.
Azerbaijan's reforms boosting women's employment were hailed at World Bank/IMF meetings. Opening 674 jobs, including train driving, these changes embody a giant leap. Samira, the first female railway driver, proves dreams are now possible.
Canada will reach NATO’s 2% defense spending target this fiscal year—years ahead of schedule—Prime Minister Mark Carney announced Monday, pledging billions in new military investments amid rising global security concerns.
Researchers at the University of Miami have discovered 230 new giant viruses in global ocean waters, shedding light on their hidden role in marine ecosystems and their potential impact on public health.
South African authorities have confirmed the deaths of a pilot and two passengers after a light aircraft crashed on Sunday in the KwaZulu-Natal province.
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.
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