- Warner Bros Discovery Inc
- 09 June 2025 14:09:01
Source: Sharecast
WBD said plans to form two new publicly traded companies, WBD Global Networks and WBD Streaming & Studios, with the TV business holding up to a 20% stake in the streaming entity "which will be monetised over time in a tax-efficient manner, to enhance its de-leveraging path".
The company said the move allows each division to "better target appropriate investors based on their distinct financial profiles".
Global Networks will hold the group's cable channels, including CNN, Discovery+, TNT and Carton Network, while Streaming & Studios will be the home of TV and film production companies HBO, New Line Cinema and Warner Bros Pictures, among others.
The newly formed businesses will have separate management teams, with incentive structures aligned with the specific objectives of each company, while providing greater flexibility to take advantage of "value-creating strategic options", the company said.
The streaming division will be headed up by WBD's current president and chief executive David Zaslav, while the TV operations will be led by WBD's chief financial officer Gunnar Wiedenfels.
Futures were up more than 7% in pre-market trading at $10.53.