WBD to split into two companies

  • Welcome to "The New" Wrestling Smarks Forum!

    I see that you are not currently registered on our forum. It only takes a second, and you can even login with your Facebook! If you would like to register now, pease click here: Register

    Once registered please introduce yourself in our introduction thread which can be found here: Introduction Board


Chris

Dreams are Endless
Joined
Dec 23, 2011
Messages
398,357
Reaction score
165,912
Points
128
Age
29
Location
Texas
Favorite Wrestler
tLCb5kv
Favorite Wrestler
OEndG4L
Favorite Wrestler
ArsUxsj
Favorite Wrestler
mrperfect2
Favorite Wrestler
eelOIL6
Favorite Wrestler
BryanDanielson1
Favorite Sports Team
sfa
Favorite Sports Team
dallascowboys
Favorite Sports Team
sanantoniospurs
Favorite Sports Team
texasrangers

Warner Bros. Discovery plans to split into two public companies by next year, the media giant announced Monday, the latest upheaval in the industry as consumers transition from cable to streaming.

WBD will separate into a streaming and studios company, which will include its movie properties and streaming service HBO Max, and a global networks company, which will include CNN, TNT Sports and Discovery, among other businesses.

CEO David Zaslav will lead the streaming and studios company. Current CFO Gunnar Wiedenfels will become CEO of the global networks business.

Warner Bros. Discovery expects to complete the split by the middle of 2026.

“By operating as two distinct and optimized companies in the future, we are empowering these iconic brands with the sharper focus and strategic flexibility they need to compete most effectively in today’s evolving media landscape,” Zaslav said in a release.

The news confirms earlier reporting by CNBC and others that WBD was considering such a split. In December, the company announced restructuring that many saw as a precursor to a full break.

It also comes as cable giant Comcast

is in the process of spinning out its portfolio of cable networks, including CNBC, into a new publicly traded company called Versant. That separation, announced last year, inspired speculation that the media industry could soon see heightened consolidation.

Warner Bros. Discovery shares were up more than 9% in premarket trading Monday.
 
  • Like
Reactions: Samoa Looch

Barry Poppins

Social Progressive
Joined
Mar 7, 2019
Messages
99,703
Reaction score
33,472
Points
138
Age
28
Gee, I wonder what the Studio's gonna be called... Warner Bros.? And the cable channels... is it gonna be Discovery?

Nah, I don't buy it. Gotta be something more complicated :kawhi
 
  • Haha
Reactions: O-Blaze

Kairi HoHo

Crown Jewel
Joined
May 14, 2013
Messages
36,411
Reaction score
21,162
Points
138
Age
37
Location
Derry, Maine
Favorite Wrestler
OZO8olA
Favorite Wrestler
Y2tTaaf
Favorite Wrestler
q9gbHdQ
Favorite Wrestler
zPa7dqi
Favorite Wrestler
m4aw1gh
Favorite Wrestler
oLvrzSU
Favorite Sports Team
hPPsgSL
Favorite Sports Team
hlbgCD9
Favorite Sports Team
guuKKYL
Favorite Sports Team
Um6oxIS
Whatever WB needs Superman to hit the mark in July for them to thrive as they are doing all of this. If it fails all this means nothing they are at a crossroads in my opinion as a Studio they should be getting that in order before even doing this in the next Year or so.