Warner Bros. Discovery became the latest media giant hit by the rise of cord-cutting and streaming to announce a restructuring, with plans to split its TV business from its streaming and film studios.
Media conglomerate Warner Bros. Discovery (WBD) announced a major restructuring of its business Thursday, splitting its linear and streaming arms into two companies as it eyes potential mergers and acquisitions in the coming year.
Warner Bros. Discovery announced a reorganization putting its linear cable networks in one division, simplifying more dealmaking to come amid Hollywood consolidation.
Warner Bros. Discovery, CNN’s corporate parent, announced Thursday it is establishing a new corporate structure that splits its cable networks off from its growing streaming business.
Warner Bros. Discovery is creating a new corporate structure, establishing a separation between linear networks and the streaming and studios businesses.
Warner Bros Discovery to revamp structure, setting up potential dealmaking | Since Then