Warner Bros. Discovery announced plans Thursday to separate its linear TV from studios and streaming to create “two distinct operating divisions.”
The new strategy was revealed after Comcast said it planned to spin off its NBCUniversal cable networks into a publicly traded company. The new corporate structure aims to bolster its “strategic flexibility and create potential opportunities to unlock additional shareholder value.”
More to come …
The post Warner Bros. Discovery Restructures to Separate TV From Studios and Streaming appeared first on TheWrap.
