Warner Bros.Discovery Splits Company Amid Cord-Cutting.
Reading
Warner Bros. Discovery will make two new companies. One will focus on streaming, and the other on cable TV. Many people are now watching TV online instead of using cable.
The streaming company will have HBO and Warner Bros. TV and movies. It will also include DC Studios for superhero content.
The cable company will have CNN and TNT Sports in the United States. It will also have Discovery and other channels in Europe.
David Zaslav will be the CEO of the streaming company. Gunnar Wiedenfels will be the CEO of the cable company.
The company hopes to finish the change by the middle of next year. The Warner Bros. Discovery board must still approve the plan.
Questions
What will Warner Bros. Discovery create?
Two new companies, one for streaming and one for cable TV.
Who will be the CEO of the streaming company?
David Zaslav will be the CEO of the streaming company.
What channels will the cable company have?
The cable company will have CNN, TNT Sports, Discovery, and other channels in Europe.
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