Reported about 7 hours ago
Warner Bros. Discovery (WBD) announced it will split into two independent, publicly traded companies, separating its streaming and studio assets from its television networks. This strategic move aims to unlock shareholder value by allowing more focused operations in an evolving media landscape. Following the announcement, WBD's stock saw a significant rise. The split is expected to be finalized by mid-2026, as WBD seeks to navigate its $38 billion debt and adapt to changes in the media industry.
Source: YAHOO