Warner Bros. Discovery has unveiled a corporate restructure that will see it operate two distinct divisions, Global Linear Networks and Streaming & Studios.
WBD said the new corporate structure is “designed to enhance its strategic flexibility and create potential opportunities to unlock additional shareholder value.”
The Global Linear Networks division will house WBD’s linear television business including networks such as CNN, TBS, TNT, HGTV and the Food Network.
Streaming & Studios will be home to the Max streaming platform and the Warner Bros. film studios.
The restructure comes just weeks after Comcast announced it would spin off its NBCUniversal cable television networks – including CNBC, MSBNC, E!, Syfy, Golf Channel, USA and Oxygen - into a separate, publicly traded company.
Linear TV has been in decline as consumers cancel their cable TV subscriptions and subscribe to streaming services. Many analysts argue that WBD and Comcast’s ownership of cable networks has held back their share price.
WBD said its Global Linear Networks division will focus on maximising profitability and free cash flow to continue deleveraging, while Streaming & Studios will focus on driving growth and strong returns on increasing invested capital.
The new corporate structure is expected to be in place by mid-2025.
Warner Bros. Discovery President and CEO David Zaslav said: “Our new corporate structure better aligns our organisation 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.”
You are not signed in
Only registered users can comment on this article.
Wimbledon 2025 drives record digital audience for BBC Sport
Wimbledon attracted a record-breaking 69.3m online requests for BBC Sport from 30 June to 13 July – the highest ever digital engagement for the tennis championships on record.
WPP names Microsoft’s Cindy Rose as next CEO
Ad agency giant WPP has appointed Microsoft executive Cindy Rose as its next CEO, replacing Mark Read when he steps down on September 1.
HBO’s Harry Potter TV series starts production at Leavesden
HBO’s Harry Potter television series has officially started production at Warner Bros. Studios Leavesden in the UK.
.jpg)
Ofcom explores how tech firms can help users spot AI deepfakes
UK regulator Ofcom has published a discussion paper exploring the different tools and techniques that tech firms can use to help users identify deepfake AI-generated videos.
Small changes can reduce energy use in genAI by 90%, says UNESCO report
Small changes to how AI large language models (LLMs) are built and used can dramatically reduce energy consumption without compromising performance, according to new research published by the UN’s science and cultural organisation UNESCO and UK university UCL.
