On Thursday, Warner Bros. Discovery introduced plans to separate its struggling cable TV companies, together with CNN, from its streaming and studio operations, akin to Max. This transfer units the stage for a possible sale or spinoff of its TV division as cable subscriptions proceed to say no, as reported by a number of media studies.
Following the announcement, Warner shares surged over 15%, closing at $12.49, with the corporate anticipating to finalise the cut up by mid-2025.
The restructuring will result in the formation of a brand new “World Linear Networks” division, which is able to embody channels like CNN, TBS, and Meals Community.
The “Streaming & Studios” division will include the Max streaming platform and Warner Bros. studios, specializing in development and tapping into the rising demand for digital content material.
The restructuring marks a turning level for the media trade, with investments in streaming platforms like Warner Bros. Discovery’s Max beginning to yield returns.
Written with the View : afaqs