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.

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.

Toronto-headquartered Blink49 Studios has appointed Kate Pfetsch as VP, partnerships, at its recently launched branded studio.

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.