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Warner Bros Discovery Announces Strategic Split Into Streaming and Global Networks Units
Warner Bros Discovery Announces Strategic Split Into Streaming and Global Networks Units
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Warner Bros Discovery shares rallied sharply Monday after unveiling plans to separate its streaming studios from legacy television networks in a tax-free spin-off. The restructuring, expected to conclude by mid-2026, will create two focused entities: one housing HBO Max, DC Studios and film production assets under CEO David Zaslav, while CFO Gunnar Wiedenfels will lead a separate portfolio including CNN, Discovery+ and European broadcasting operations.
Market observers noted the MOVE aligns with Bank of America's prior analysis anticipating such corporate action. The bifurcation aims to unlock shareholder value by allowing distinct management of high-growth streaming assets against cash-generating linear networks.
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