Warner Bros. Discovery said on June 9 that it will split into two publicly traded companies.
One entity, “Streaming & Studios,” will be led by CEO David Zaslav, while the other, “Global Networks,” will be headed by CFO Gunnar Wiedenfels.
“The cultural significance of this great company and the impactful stories it has brought to life for more than a century have touched countless people all over the world. It’s a treasured legacy we will proudly continue in this next chapter of our celebrated history,” Zaslav said in a statement.
“By operating as two distinct and optimized companies in the future, we are empowering these iconic brands with the sharper focus and strategic flexibility they need to compete most effectively in today’s evolving media landscape.”…