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Warner Bros. Discovery May Split To Unlock Shareholder Value
Warner Bros. Discovery Inc. a global media and entertainment company, announced that its Board of Directors authorized the Company to implement a new corporate structure designed to enhance its strategic flexibility and create potential opportunities to unlock additional shareholder value.
Post Spin-Off, it will be a globally scaled streaming platform and storied film and entertainment studios with a portfolio of popular and valuable intellectual property, which will focus on driving growth and strong returns on increased invested capital. Recently, media companies are considering options for fading cable TV businesses, once cash-generating machines where revenues are declining owing to a shift in consumer demand to streaming services. In addition, the agreements provide continued carriage of HBO and expand Comcast’s rights to package the ad-supported versions of Max and Discovery+ in its streaming bundles.
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