Warner Bros. Discovery announced plans Thursday to separate its linear TV from studios and streaming companies to create “two distinct operating divisions,” a strategy that will give WBD more room to pursue sales and acquisition maneuvers
The reorganization was revealed after Comcast said it planned to spin off its NBCUniversal cable networks into a publicly traded company. Warner Bros. Discovery’s new corporate structure aims to bolster its “strategic flexibility and create potential opportunities to unlock additional shareholder value.”
“Our new corporate structure better aligns our organization and enhances our flexibility with potential future strategic opportunities across an evolving media landscape, help us build on our momentum and create opportunities as we evaluate all avenues to deliver significant shareholder value,” Warner Bros. Discovery CEO David Zaslav said in a statement.
Zaslav hopes to complete the reorganization by mid-2025.
More to come …
