Discovery Warner Bros. (WBD) is divided into two distinct companies.
THE David Zaslav-The congloms will divide between streaming and studios and global networks.
Zaslav will direct streaming and studios while the director Gunnar Wiedenfels will assume the president and chief executive officer of Global Networks. Both will continue in their current roles at WBD until separation.
WBD said that he “intended to separate companies freely from tax for American federal tax”. “Companies plan to implement the ARM length transition services and trade agreements after separation to facilitate transition and maintain continuous operational efficiency,” he added.
“The cultural importance of this great company and the striking stories that she has given life for over a century have touched countless people around the world. It is a precious heritage that we will proudly continue in this next chapter in our famous story, “said Zaslav. “By operating as two distinct and optimized companies in the future, we empower these emblematic brands with the clearer concentration and flexibility they need to compete with most effectively in today’s evolving media landscape.”
The new Streaming & Studios of Zaslav will be made up of Warner Bros. Television, Warner Bros. Motion Picture Group, DC Studios, HBO and HBO Max, as well as their film and television libraries. Global Networks, on the other hand, will include entertainment, sports and news television and news in the world, including CNN, TNT Sports in the United States and Discovery, the best free channels across Europe, and digital products such as the Revitable Discovery + Request (B / R) Surchair (B / R) service report (B / R).
Inherited media societies have made similar movements lately. The separation of Lionsgate from Starz was confirmed last month while Comcast turned a number of its wired networks in a new company, side.
