Warner Bros. Discovery restructures to split up streaming and cable businesses

Warner Bros. Discovery is reorganizing its business into two separate units: one for linear networks, and the other for streaming and studios business. The move, which is set to be complete by mid-2025, is meant to help the company “pursue further value creation,” potentially bringing it closer to breaking off its linear business entirely.

WBD will move forward with the “foundational steps” of the new structure now, which CEO David Zaslav said will open up “potential future strategic opportunities across an evolving media landscape.”