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Warner Bros. Discovery Breakup Cues Hollywood’s Latest Succession Drama As Two New Companies Take Shape
Monday's news that Warner Bros. Discovery is splitting into two companies has fueled chatter about which execs will end up leading the new entities.
“Majority” of Warner Bros. Discovery’s $37 Billion in Debt Will Be Spun Off With TV Networks, Its CEO Says
At the end of March, Warner Bros. Discovery had gross debt of $38.0 billion, which is comprised of “total debt” ($37.4 billion) and financial leases ($535 million). The 2022 merger of WarnerMedia (owned by AT&T) and Discovery, Inc. created more than $50 billion of debt.
Warner Bros. Discovery’s Split Gives Company Flexibility But Doesn’t Solve Problem of Debt, Linear Decline | Analysis
Wall Street analysts are bullish the move could pave the way for M&A and bring the industry a step closer to rationalization
Warner Bros. Discovery to split into two companies
The split comes three years after Warner Bros. and Discovery merged in a bid to capture more of the highly competitive streaming market.
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Warner Bros. Pictures Animation Ups Adam Galen To VP, Development
EXCLUSIVE: Adam Galen has been promoted to Vice President of Development at Warner Bros. Pictures Animation, the division’s President Bill Damaschke announced on Tuesday. In his elevated role, Galen will work alongside Susan Akinbola to lead the studio’s feature development slate,
Bob Iger Says Disney Unlikely to Follow Comcast and Warner Bros. Discovery In Exiting the TV Channel Business
The CEO also said that Disney+ will "probably" emulate Netflix and stop reporting subscriber numbers at some point, he noted during a CNBC appearance.
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