HBO and CNN owner Warner Bros. Discovery to split in 2
Digest more
Top News
Overview
Impacts
Warner Bros. Discovery is splitting into two separate publicly traded companies – one oriented around the HBO Max streaming service and Warner Bros. studio, and the other around CNN and other television networks.
It comes as streaming services attract hundreds of millions of users around the world but cable TV has seen audiences decline.
‘We will continue to be very focused on efficiency,’ says Gunnar Wiedenfels, the new CEO.