Warner Bros. Discovery, under CEO David Zaslav, is set to split into two distinct companies to enhance focus amidst a challenging media environment. One will concentrate on streaming and production, encompassing brands like HBO and DC Studios, while the other will manage traditional television assets including CNN and TNT Sports. This strategic move is modeled after Comcast's recent spinoff of NBCUniversal, allowing both entities to adapt more effectively to competitors, as Zaslav stated, empowering their brands with clearer focus and operational flexibility.
CEO David Zaslav has announced a split of Warner Bros. Discovery into two companies, aiming for better strategic focus in a changing media landscape.
The split aims to create a 'Streaming & Studios' company focused on content production and a 'Global Networks' company that houses traditional TV properties.
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