Warner Bros. Discovery Restructures, Splits TV and Streaming Divisions
Warner Bros. Discovery announced a restructuring plan to divide its business into linear and streaming units, leading to a 15% surge in its shares. The new global linear networks division will include channels like CNN and HGTV, while the streaming and studios unit will encompass Warner Bros. film studios and the Max platform, including HBO. This move aims to streamline operations and enhance growth, with completion expected by mid-next year.