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Warner Bros Discovery to split into two companies

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Warner Bros Discovery will separate into two companies one focusing on streaming and studios businesses, while the second will house entertainment, sports and news brands, it said on Monday.
Warner Bros. Discovery is planning to split into two separate companies, with one focusing on the studio business, including film and TV production, and the other managing the networks and streaming services, according to a report by CNBC. This strategic move is aimed at unlocking value and allowing each entity to pursue its own growth strategies. The studio business would include Warner Bros. film and TV studios, DC Comics, and the Harry Potter franchise, while the networks and streaming division would encompass cable channels like CNN, HBO, and the streaming service Max. The split is still in the early stages of discussion and would require approval from the board of directors and shareholders.

Read the Full Reuters Article at:
[ https://www.yahoo.com/news/warner-bros-discovery-split-two-110955336.html ]