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Warner Bros. Discovery projects declining revenue and profit for its cable networks over the next five years. Consequently, the company plans to separate these assets from its streaming and studios divisions. The strategy involves a two step corporate action: first, spinning off the underperforming cable networks, and then offloading the remaining streaming and studios business to Netflix Inc. This restructuring aims to isolate diminishing traditional media assets while capitalizing on the value of digital content through a potential acquisition by the streaming giant.
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