Warner Bros Discovery is reportedly looking to break up its streaming and studio businesses from its linear networks to energize its falling stock price.
WBD closed at $8.34, +0.34%, however, the media company is down from its 52-week high of $14.76 with a $20.3 billion market cap.
WBD CEO David Zaslav is apparently weighing myriad options from selling assets to separating the movie studio and Max streaming service into a new company, free from the group’s current near-$40 billion debt.
This is all per the Financial Times tonight. Deadline has reached out to Warner Bros Discovery for comment. We’ll update when they weigh in.
Read more on deadline.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.