12 Dec Warner Bros. Discovery Takes Step Toward Separating TV Channels From Studios Business [The Hollywood Reporter]
BY ETAN VLESSING
December 12, 2024 | Warner Bros. Discovery, led by CEO David Zaslav, has become the latest Hollywood studio to rework its corporate structure with an eye toward a possible spin off of its legacy TV assets.
Warners on Thursday said it was reorganizing its corporate structure into a global linear TV division, separate from from its streaming and studios division. The new corporate structure aims to bolster its “strategic flexibility and create potential opportunities to unlock additional shareholder value.” The studio said it will begin the early steps towards the new corporate reorganization immediately and expects to complete the initiative by mid-2025.
In a sign of just how embattled the pay TV business is, the move by WBD follows rival Comcast unveiling a plan to spin off its less lucrative cable networks away from its film and TV studio entertainment and parks businesses. Disney CEO Bob Iger has also talked publicly about his studio’s legacy TV networks, including ABC, “may not be core” to the company.
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