Warner Bros Discovery Separates Streaming From Cable Television

WARNER BROS DISCOVERY said on Monday it would split into two companies, separating its studios and streaming business from its fading cable television networks as the parent of HBO and CNN looks to compete better in the streaming era.

- REUTERS

The breakup is the latest sign of the great unraveling of decades of media consolidation that have created global conglomerates spanning content creation, distribution and in some cases, telecommunications. The strategic reset would provide Warner Bros Discovery's streaming unit more room to scale by producing hit studio content without being bogged down by the declining cable networks business.