Reported about 8 hours ago
Warner Bros. Discovery plans to separate into two publicly traded companies, focusing one on streaming and studios and the other on global TV networks. This strategic move is seen as a foundation for the long-pursued consolidation in the media industry, as the existing cable business hindered acquisitions. Analysts suggest that this split may facilitate a more favorable environment for mergers among streaming services, addressing the challenges traditional media faces in scaling and profitability.
Source: YAHOO