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David Zaslav Is Breaking Up the Band
Good-bye, Warner Bros. Discovery. Hello, two other things.
The split will be a tax-free transaction, and both “Streaming & Studios” and “Global Networks” (placeholder names, we have been assured) will live on as publicly traded entities. “By operating as two distinct and optimized companies in the future, we are empowering these iconic brands with the sharper focus and strategic flexibility they need to compete most effectively in today’s evolving media landscape,” Zaslav said. The decision comes less than a month after Zaslav et al. ditched the “Max” branding for the company’s flagship streaming service and less than a week after WBD shareholders rejected the embattled CEO’s pay package of more than $50 million in a symbolic (but nonbinding) vote.
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