Warner Bros. Discovery (NASDAQ:WBD) has announced its plan to divide into two separate public entities by next year. The stock surged 8.86% in Monday pre-market.
What Happened: The media giant announced on Monday that it will divide into two entities: one focused on streaming and studios—housing its film assets and HBO Max—and another dedicated to global networks, including CNN, TNT Sports, and Discovery, among other brands.
CEO David Zaslav will lead the streaming and studios division, while current CFO Gunnar Wiedenfels is set to become CEO of the global networks unit. The separation is anticipated to be completed by mid-2026.
“By operating as two distinct and optimized companies in the future, we are empowering these iconic brands with …
Full story available on Benzinga.com
Warner Bros. Discovery (NASDAQ:WBD) has announced its plan to divide into two separate public entities by next year. The stock surged 8.86% in Monday pre-market.
What Happened: The media giant announced on Monday that it will divide into two entities: one focused on streaming and studios—housing its film assets and HBO Max—and another dedicated to global networks, including CNN, TNT Sports, and Discovery, among other brands.
CEO David Zaslav will lead the streaming and studios division, while current CFO Gunnar Wiedenfels is set to become CEO of the global networks unit. The separation is anticipated to be completed by mid-2026.
“By operating as two distinct and optimized companies in the future, we are empowering these iconic brands with …
Full story available on Benzinga.com
Warner Bros. Discovery (NASDAQ:WBD) has announced its plan to divide into two separate public entities by next year. The stock surged 8.86% in Monday pre-market.
What Happened: The media giant announced on Monday that it will divide into two entities: one focused on streaming and studios—housing its film assets and HBO Max—and another dedicated to global networks, including CNN, TNT Sports, and Discovery, among other brands.
CEO David Zaslav will lead the streaming and studios division, while current CFO Gunnar Wiedenfels is set to become CEO of the global networks unit. The separation is anticipated to be completed by mid-2026.
“By operating as two distinct and optimized companies in the future, we are empowering these iconic brands with …Full story available on Benzinga.com Read Morebenzinga neuro, CMCSA, David Zaslav, Gunnar Wiedenfels, News, Warner Bros Discovery, WBD, Markets, CMCSA, US20030N1019, WBD, News, Markets, Benzinga Markets
