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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Start your day informed with AnewZ Morning Brief: here are the top news stories for the 25th of November, covering the latest developments you need to know.
The Hayli Gubbi volcano in north-eastern Ethiopia erupted on Sunday for the first time in over 12,000 years, before halting on Monday, according to the Toulouse Volcanic Ash Advisory Center.
Cameras from the United States Geological Survey (USGS) on Saturday (22 November) captured Hawaii's Kilauea volcano spewing flowing lava from its crater in its latest eruption.
Italy captured a remarkable third consecutive Davis Cup title on Sunday, with Matteo Berrettini and Flavio Cobolli securing singles victories in a 2-0 triumph over Spain in Bologna.
U.S. President Donald Trump has told his advisers that he plans to speak directly with Venezuelan President Nicolas Maduro according to Axios, as Washington designated him as the head of a terrorist organisation on Monday. A claim Maduro denies.
South Korean President Lee Jae Myung met with Chinese Premier Li Qiang and Japan's Prime Minister Sanae Takaichi during last weekend's G20 summit in South Africa, Lee's office said on Monday.
Iconic Mexican artist Frida Kahlo's painting 'El sueño (La cama)' sold for $54.7 million at a Sotheby's auction on Thursday, setting a new auction record for the artist and making it the most expensive work by a woman artist ever sold at auction.
Lewis Hamilton has dismissed suggestions of friction within Ferrari after team chairman John Elkann's recent comments that he and teammate Charles Leclerc should "focus on driving and talk less".
Germany has returned 12 royal-era cultural artefacts to Ethiopia in a ceremony in Addis Ababa, marking a formal step in ongoing cultural cooperation between the two countries.
A portrait painting by 20th century Viennese artist Gustav Klimt sold for $236.4 (including fees) at Sotheby's on Tuesday night in what the auction house said was a record for a modern work of art.
A new London exhibition resurrects Pompeii with virtual volcanoes, 3D replicas of plaster casts, and a metaverse tour that places visitors inside the ancient city’s final moments.
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