Warner Bros. Discovery to split into two companies, dividing cable and streaming services

NEW YORK -- Warner Bros. Discovery volition divided into 2 nationalist companies by adjacent year, calving disconnected its cablegram operations from its streaming service.

Warner Bros. Discovery said Monday that Streaming & Studios volition see Warner Bros. Television, Warner Bros. Motion Picture Group, DC Studios, HBO, and HBO Max, arsenic good arsenic their movie and tv libraries.

The Global Networks institution volition see CNN, TNT Sports successful the U.S., and Discovery, apical free-to-air channels crossed Europe, and integer products specified arsenic the Discovery+ streaming work and Bleacher Report.

Warner Bros. Discovery CEO David Zaslav volition service arsenic CEO of Streaming & Studios. Gunnar Wiedenfels, main fiscal serviceman of Warner Bros. Discovery, volition service arsenic CEO of Global Networks. Both volition proceed successful their existent roles until the separation.

The divided is expected to beryllium completed by the mediate of adjacent year.

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