Warner Bros. Discovery To Split via Spinoff, Stock Price Rises Over the News
Only a few years after having been formed due to the merger of WarnerMedia and Discovery in 2022, Warner Bros. Discovery is now engaging in a corporate split that would see it divided into two distinct media entities, according to FOX Business.
When the dust settles following the split, WBD Streaming & Studios, comprised of Warner Bros. Pictures, HBO, Max/HBO Max, and others, will be helmed by WBD chief David Zaslav, as Variety detailed, while WBD Global Networks — made up of, in part, by CNN, TNT, TBS, HGTV, Discovery Channel, Cartoon Network, Adult Swim, and more — will be responsible for handling most of the network television properties. The latter firm will be led by CFO Gunnar Wiedenfels.
“The cultural significance of this…
