Mr Viral
The company will “serve as the parent for two distinct operating divisions” in a move that could set up a potential spinoff
David Zaslav (Credit: Jamie McCarthy/Getty Images)
December 12, 2024 @ 6:07 AM
Warner Bros. Discovery announced plans Thursday to separate its linear TV from studios and streaming to create “two distinct operating divisions.”
The new strategy was revealed after Comcast said it planned to spin off its NBCUniversal cable networks into a publicly traded company. The new corporate structure aims to bolster its “strategic flexibility and create potential opportunities to unlock additional shareholder value.”
“Our new corporate structure better aligns our organization and enhances our flexibility with potential future strategic opportunities across an evolving media landscape, help us build on our momentum and create opportunities as we evaluate all avenues to deliver significant shareholder value,” Warner Bros. Discovery CEO David Zaslav said in a statement.
More to come …
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