Warner Bros. Discovery Restructures in Seeming Bid to Fuel Future Deals
Warner Bros. Discovery said it would, going forward, “serve as the parent company for two distinct operating divisions,” one that holds linear TV networks, and another centered around production studios and streaming platforms, in a bid to “enhance its strategic flexibility and create potential opportunities to unlock additional shareholder value.”
HBO parent Warner Bros to split TV and streaming into two units
They are still down some 50 per cent since the group was formed in 2022 by the merger of Warner Media and Discovery. Warner Bros said it was creating a “new corporate structure”, in which the television business “will focus on maximising profitability and free cash flow”,
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