Warner Bros. Discovery to be split
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Warner Bros. Discovery is splitting up after just over three years, and Wall Street is cheering. The spinoff will create a slew of new questions.
Warner Bros. Discovery doesn’t have a name for its planned stand-alone TV-centric biz, but it does have a proposed CEO: Gunnar Wiedenfels, WBD’s iron-fisted money manager. As CFO at Warner Bros. Discovery,
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Europe has been the fastest-growing international region for the streaming service, which is getting ready to accelerate its global growth strategy with the latest market debuts.
NEW YORK —Warner Bros. Discovery today unveiled its plans to separate the company into two publicly traded companies—one focused on its streaming services and the second on its cable business, confirming plans it announced last December.
David Zaslav insisted that Discovery Communications together with what was then called WarnerMedia was more than the sum of its parts. They had a “formidable” lineup of global assets, he said. "When you put us together - Batman,