Warner Bros. Discovery to split
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The studio and cable conglomerate that David Zaslav created couldn’t overcome outside forces and massive debt.
Warner Bros. Discovery is splitting up after just over three years, and Wall Street is cheering. The spinoff will create a slew of new questions.
Monday's news that Warner Bros. Discovery is splitting into two companies has fueled chatter about which execs will end up leading the new entities.
For 15 years, Zaslav was Mr. Cable (being coached all the way by his mentor: “Cable Cowboy” John Malone). Zaslav defended the delivery system and the bundle for as long as he could — and then for a few years longer than that.
Zaslav will lead as CEO a new so-called “Streaming & Studios” company made up of WB Television; WB Motion Picture Group; DC Studios; HBO and HBO Max (including its international sports offering); WB Games;
The split comes three years after Warner Bros. and Discovery merged in a bid to capture more of the highly competitive streaming market.