Warner Bros. Discovery to split
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Coupled with the HBO Max reversion that occurred just last month, the redivision of WBD might be yet another obvious indication that Zaslav should probably not have custody of so much American cultural history.
Communications-services companies rose amid anticipation for more deal activity in the sector. A major advertising forecaster, WPP Media, said global trade disruptions and economic deglobalization have led it to cut ad revenue growth expectations for 2025 to 6%,
The pending split of Warner Bros. Discovery will be the third undone merger for the media giant since 2009. The history of Warner Bros. is a history of mergers and sales, dating back to a sneaky transaction Jack Warner pulled off in the 1950s to become the studio’s largest shareholder.
Warner Bros. Discovery Inc. shareholders delivered a stinging rebuke to CEO David Zaslav's leadership on Tuesday.
Communications-services companies fell slightly as traders awaited updates on inflation and trade negotiations. Warner Bros. Discovery plans to split itself into two stand-alone publicly traded entertainment companies, separating its HBO MAX streaming service, movie studio and TV production business from its cable networks.