Warner Bros Discovery to Separate TV Channels and Streaming Services

Warner Bros Discovery is making some big changes! The company’s board of directors has given the green light to split its global linear networks and streaming and studio operations into two separate divisions. This move is all about enhancing clarity and focus, with each division set to tackle specific strategic and operational goals.

The Global Linear Networks division will be all about maximizing profitability and free cash flow to keep making progress, while the Streaming and Studios division will be focused on driving growth and solid returns on invested capital, according to Warner Bros Discovery. By making this change, the company believes it will have more flexibility to pursue value creation opportunities in an ever-changing media landscape.

The plan is to kick off the first steps towards the separation right away and have the new corporate structure fully in place by mid-2025. Warner Bros Discovery’s President and CEO, David Zaslav, is excited about the possibilities this split brings. He highlighted how the company has transformed over the years, improved financially, and delivered top-notch entertainment to audiences worldwide.

Zaslav pointed out that with this new structure, the company can better align itself, be more flexible in seizing strategic opportunities, and continue to create shareholder value. It’s all about setting up the business to succeed in the long run.

So, get ready for a new chapter at Warner Bros Discovery! With a renewed focus on linear networks and streaming and studios operations, the company is gearing up for even more exciting things to come. Let the countdown to mid-2025 begin!