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Does this mean they can legally go back to being Just Warner Bros?

Warner Bros. Discovery is reportedly looking to break up its streaming and studio businesses from its linear networks to energize its stock price.

WBD CEO David Zaslav is apparently weighing myriad option,s from selling assets to separating the movie studio and Max streaming service into a new company, free from the group’s current near-$40 billion debt. The notion of a WBD split could see debt stay with linear networks, while the growing OTT service could hit a higher valuation multiple and be given the potential to invest in its growth, per FT. WBD is among the major motion picture studios who’ve committed to launching expensive streaming services, with all the attendant technology headaches, content costs, talent issues and brand repositioning that entails. Warners has had a sour summer at the box office with a string of flops including Furiosa, Horizon: An American Saga – Chapter One and The Watchers.

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