Warner Bros. Discovery Splits into Two: Streaming vs. Cable
Warner Bros. Discovery will split into two separate publicly traded companies by mid-2026: “Streaming & Studios,” led by David Zaslav, and “Global Networks,” led by Gunnar Wiedenfels. This restructuring aims to enhance strategic flexibility and capitalize on the growth of HBO Max while maintaining profitable global networks. The decision follows investor pressure and industry shifts, with the split intended to unlock the full potential of each business. Debt reduction, a significant factor in the decision, will primarily affect the “Global Networks” entity.
John Q. Hosedrinker