09.06.2025 11:14

Warner Bros. Discovery, the media conglomerate, announced a significant restructuring on Monday. This involves a planned division into two separate publicly traded companies by mid-2026, reflecting the ongoing industry shift from traditional cable television to streaming services. The move represents a bold strategic repositioning in a rapidly evolving media landscape.

The split will create two distinct entities. One, designated "Streaming and Studios," will house the company's prized film assets and the highly popular HBO Max streaming platform. The other, titled "Global Networks," will encompass a portfolio of well-known cable channels, including CNN, TNT Sports, and the Discovery Channel brand, among others. This separation aims to streamline operations and optimize each division for its specific market.

Leadership changes will accompany this organizational overhaul. David Zaslav, the current CEO, will continue in that role, however, he will head the Streaming and Studios company. Meanwhile, Gunnar Wiedenfels, the current Chief Financial Officer, will transition into the CEO position at Global Networks. This demonstrates a clear plan for leadership continuity across both newly formed entities.

Trading of Warner Bros. Discovery shares was temporarily suspended following the announcement, signaling the market's immediate interest and anticipation regarding the implications of this restructuring. This significant corporate action is still developing, and further details are expected to emerge. The information was obtained from internet sources.