Global media business Warner Bros. Discovery announced today that it plans to separate itself into two publicly traded companies. The split is framed as a separation of WBD’s traditional TV networks from its TV and film studios and streaming assets, though this isn’t exactly how the company is set to be carved up.
The ‘Streaming & Studios’ company (as it’s been labelled by Warner Bros. Discovery) will seemingly take control of all of WBD’s studios — namely Warner Bros. Television, Warner Bros. Motion Picture Group, and DC Studios. On the streaming side, it will also take charge of the recently rebranded HBO Max. HBO itself will also be part of the ‘Streaming & Studios’ company, despite being a traditional pay TV business.
