Washington: The entertainment giant revealed Monday that the new structure will see the company divided into a Streaming & Studios business and a Global Networks company. The former, to be led by current CEO David Zaslav, will house heavyweights like Warner Bros. Television, Warner Bros. Motion Picture Group, DC Studios, HBO, and HBO Max, alongside the company’s extensive film and television libraries.
Meanwhile, Chief Financial Officer Gunnar Wiedenfels will take the reins of the newly formed Global Networks company. This division will include legacy TV brands across entertainment, sports, and news — including the likes of CNN.
As part of the restructuring, Warner Bros. Discovery will secure a $17.5 billion bridge loan, with plans for recapitalization prior to the final split. The move comes on the heels of an internal reorganization that divided the company into two main divisions, aligning with the ongoing industry shift from traditional cable to digital platforms.
Read More
- ABM International School celebrates over a decade of National Academic Excellence
- Bank Muscat honoured for supporting Al Noor Association for the blind and empowering visually impaired persons
- Oil prices rise to $99 after attacks on Saudi Aramco facilities
- Bank Muscat and Meethaq Islamic Banking’s “Back to School” event draws strong family turnout at Muscat City Centre
- Oman’s trade surplus reaches RO 4.7 billion by end-June 2026
The strategy echoes that of Comcast Corp., which is similarly bifurcating NBCUniversal into Versant — overseeing cable channels like MSNBC and USA — and a separate group containing Peacock, NBC, and Universal theme parks.
