Warner Bros. Discovery has announced that it’s restructuring its business into two divisions: one for cable and the other for streaming and its studios business.
Warner Bros. Discovery is reorganizing its business into two separate units: one for linear networks, and the other for streaming and studios business. The move, which is set to be complete by mid-2025, is meant to help the company “pursue further value creation,” potentially bringing it closer to breaking off its linear business entirely.
The company’s linear networks have been struggling for a while now, with WBD taking a $9.1 billion writedown on its channels in August after TNT lost live NBA games to Amazon Prime Video. WBD isn’t the only one shaking up its cable business. Last month, Comcast announced that it’s spinning off its cable TV channels into a new company. As noted by Deadline, Disney CEO Bob Iger also said last year that the company’s linear networks “may not be core” to its business.
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