Warner Bros Discovery The plan to divide into two public companies by next year announced the media giant Monday, which has increased the latest increase in the industry as consumers are converted from cable to streaming.
The WBD will be separated as a streaming and studio company, including its film characteristics and streaming service HBO Max and the company of global networks, including CNN, TNT sports and invention in other businesses.
CEO David Jaslav will lead the Streaming and Studios Company. CFO Gunnar Waidenfels will be the CEO of the Global Networks Business.
Warner Bros Discovery expects to complete the partition at mid -2026.
“We are empowering these unrivaled brands with the sharp focus and strategic flexibility they need to compete more effectively in today’s evolving media landscapes,” Jaslav said, by working as two different and optimized companies in the future. Release.
The news ms up the previous report that the CNBC and others are considering such a split. In December, the company Declared a restructuring Many looked at the precursor of full break.
It also comes with cable giant Embarrassment Is in the process of Turning the portfolio of cable networksAs a new company to trade publicly, including CNBC Is known as the Versent. That isolation announced last year inspired the media industry that the media industry could see soon Elevated reinforcement.
Warner Brothers Discovery Shares were higher than 9% in Premarket trading on Monday.
Publication: Comcast is the original company of CNBC. The proposed cable is the original company of CNBC under the spin out.
