Warner Bros Discovery considering break up to boost stock price, FT reports


FILE PHOTO: The Warner Bros logo is seen during the Cannes Lions International Festival of Creativity in Cannes, France, June 22, 2022. REUTERS/Eric Gaillard/File Photo

WARNER Bros Discovery, the owner of CNN and HBO, has discussed a plan to split its digital streaming and studio businesses from its legacy TV networks as it looks to boost its flailing stock price, the Financial Times reported on Thursday.

CEO David Zaslav is examining several strategic options for the company, ranging from selling assets to separating its Warner Bros movie studio and Max streaming service into a new company, the FT reported, citing people familiar with the matter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Warner Bros , CNN , HBO , split

Next In Business News

Perak Transit names Jeffrey Cheong deputy
EPB eyes transfer from ACE to Main Market
MM Computer moves forward with IPO
Inta Bina bags RM32mil construction job
Infoline unit to buy RM19mil factories
LSH Capital wins Kuantan road contract
Eckem taps M&A Securities for IPO on Bursa
Wall St set for higher open as US-Iran ceasefire lifts sentiment
Golden Destinations’ IPO oversubscribed by 2.10 times
EPB proposes Main Market transfer

Others Also Read