Warner Bros. Discovery splits into two divisions to boost flexibility and value in media.

Warner Bros. Discovery has announced a restructuring into two divisions: Global Linear Networks, focusing on cable TV networks like CNN and TNT, and Streaming & Studios, handling film studios and streaming platforms like Max. The move aims to enhance strategic flexibility and pursue value creation opportunities in the evolving media landscape. The restructuring is expected to be completed by mid-2025.

December 12, 2024
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