Warner Bros. Discovery to separate into two public firms via subsequent 12 months

Warner Bros. Discovery plans to separate into two public firms via subsequent 12 months, the media massive introduced Monday, the newest upheaval within the trade as shoppers transition from cable to streaming.

Warner Bros. Discovery will separate into Streaming and Studios, which is able to come with its film homes and streaming provider HBO Max, and Global Networks, which is able to come with CNN, TNT Sports and Discovery, amongst different companies.

CEO David Zaslav will tackle that put up within the Streaming and Studios corporate. Current CFO Gunnar Wiedenfels will turn into CEO of the Global Networks industry.

Warner Bros. Discovery expects to finish the cut up via the center of 2026.

Warner Bros. Discovery stocks have been halted in prolonged buying and selling Monday morning.

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