(Photo by Aleksander Kalka/NurPhoto via Getty Images)NurPhoto via Getty ImagesWarner Bros. Discovery announced a reorganization this morning that separates its limping but still lucrative cable networks from its streaming and other operations, clearing the way for additional dealmaking in the months ahead.“The new corporate structure will also increase optionality to pursue further value creation opportunities for both divisions in an evolving media landscape,” said the company’s release detailing the move. ...

Company Restructuring - Warner Bros Discovery is restructuring into two operating divisions: one focusing on legacy cable TV and the other on streaming and studios [1] - The streaming and studios unit will include Max, Discovery+, HBO, and Warner Bros studios, while the legacy cable unit will include networks like CNN, TNT, TBS, Food Network, and HGTV [2][3] - The new structure aims to better align the organization and enhance flexibility for future strategic opportunities in the evolving media landscape [4] - The restructuring is expected to be completed by mid-2025 [4] Streaming and Growth Strategy - Streaming services HBO and Discovery+ are central to the company's growth strategy [8] - The company currently has approximately 110 million global subscribers for its streaming services [9] - The restructuring separates the struggling cable business from the streaming and studios businesses to better compete with entertainment giants like Disney, Netflix, Apple, and Amazon [3][4] Cable TV Challenges - The cable TV unit has struggled as consumers shift from cable plans to streaming and advertisers move spending to digital platforms [10] - Earlier this year, the company took a $9.1 billion write-down on the value of its cable networks [10] - Despite challenges, the cable network unit remains the largest revenue generator, posting $15.4 billion in revenue in the first nine months of this year, down 3% year-over-year [12] Industry Trends and Strategic Opportunities - Media companies with cable TV businesses are exploring ways to manage declining divisions while focusing on growth areas [5] - The restructuring could position the company for future strategic opportunities, including potential mergers or acquisitions [1][11] - The company previously explored combining with Paramount Global, but Paramount opted to merge with Skydance Media instead, with the deal expected to close in the first half of 2025 [13] Market Speculation - Since the 2022 merger of Warner Media and Discovery, there has been speculation that the company could become an acquisition target or merge with another firm [12]

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Warner Bros. Discovery To Contact Him Directly To Discuss Their OptionsIf you suffered losses exceeding $100,000 in Warner Bros. Discovery between February 23, 2024 and August 7, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).[You may also click here for additional information]NEW ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

KEY TAKEAWAYSWarner Bros. Discovery became the latest media giant hit by the rise of cord-cutting and streaming to announce a restructuring, with plans to split its TV business from its streaming and film studios.On Thursday, Warner Bros. Discovery said it will create two distinct operating divisions, one focused on global linear TV and the other housing its global streaming platform and film studios.Warner Bros. Discovery stock jumped over 13% in early trading Thursday following the news. Warner Bros. Disc ...

President and CEO of Warner Bros. Discovery, David Zaslav arrives for the world premiere of "The Flash" at Ovation Hollywood in Hollywood, California, on June 12, 2023.Warner Bros. Discovery on Thursday announced a restructuring plan to segment its business into linear and streaming units in a move that could simplify future consolidation.Shares of WBD were up roughly 15% in early trading Thursday.The company's new global linear networks division will house its networks of news, sports, scripted and unscrip ...

NEW YORK, Dec. 12, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Warner Bros. Discovery, Inc. (NASDAQ: WBD).Shareholders who purchased shares of WBD during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/warner-bros-discovery-loss-submission-form/?id=115937&from=4 CLASS PERIOD: Feb ...

NEW YORK, Dec. 11, 2024 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Warner Bros. Discovery, Inc. ("Warner Bros. Discovery" or the "Company") (NASDAQ: WBD) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Warner Bros. Discovery investors who were adversely affected by alleged securities fraud between February 23, 2024 and August 7, 2024. Follow the link below to get more information and be contacted by a member of our team: https://z ...

LOS ANGELES, Dec. 11, 2024 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Warner Bros. Discovery, Inc. ("WBD" or "the Company") (NASDAQ: WBD) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Investors who purchased the Company's securities between February 23, 2024 and August 7, 2024, inclusive (the "Class Peri ...

Warner Bros. Discovery, Inc. (NASDAQ:WBD) UBS Global Media & Communications Conference December 10, 2024 12:00 PM ET Company Participants Gerhard Zeiler - President, International Business Conference Call Participants John Hodulik - UBS John Hodulik Okay. Thanks for joining us this afternoon. I'm John Hodulik, the telecom and media analyst at UBS. And I'm joined here this afternoon with Gerhard Zeiler, the President of the International Business at Warner Bros. Thanks for being here, Gerhard. Gerhard Zeiler ...