Warner Bros Discovery to split into streaming & TV divisions

Warner Bros Discovery to split into streaming & TV divisions

Amid declining television revenues and rising competition in the streaming space, Warner Bros Discovery has announced it will split into two divisions, with one engaged in studio and streaming business and the other managing TV networks like Discovery and CNN.

The exterior of the Warner Bros. Discovery Atlanta campus in Atlanta, Georgia, U.S. May 2, 2023. (Photo: Reuters)