Warner Bros. Discovery, a major entertainment company, has revealed plans to split into two independent entities in a tax-free deal, allowing each to reach its full potential. The first entity, specializing in Streaming & Studios, will encompass Warner Bros. Television, the Motion Picture Group, DC Studios, HBO, and HBO Max, as well as their extensive film and TV archives. The second entity, Global Networks, will house global entertainment, sports, and news brands such as CNN, TNT Sports in the U.S., Discovery, popular European free-to-air channels, and digital services like Discovery+ streaming service and Bleacher Report (B/R).
David Zaslav, Warner Bros. Discovery’s President and CEO, will lead the Streaming & Studios division, while Gunnar Wiedenfels, the CFO of Warner Bros. Discovery, will head Global Networks. Both executives will continue their current roles at Warner Bros. Discovery until the separation is complete.
Zaslav expressed pride in the company’s rich legacy and the impactful stories it has shared for over a century. He emphasized that this new phase would allow each brand to benefit from a sharper focus and strategic flexibility needed to thrive in today’s dynamic media landscape. Wiedenfels added that the split will rejuvenate both companies by allowing them to capitalize on their strengths, pursue lucrative investment opportunities, and enhance shareholder value. Global Networks aims to find innovative ways to collaborate with distribution partners for the benefit of viewers worldwide while maximizing network assets and generating free cash flow.
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2025-06-09 14:24