Warner Bros. Discovery, Inc. - Series A Common Stock (WBD)

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Peters said that media companies will have to rationalize their businesses for the reality of on-demand and streaming.

Warner Bros. Discovery is splitting up and it's an admission that bigger plans have been a failure.

A June 14 parade will be featured on streaming platforms while networks keep focus on sporting events like Game 5 of the Stanley Cup Finals.

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Warner Bros. Discovery's plan to split into two companies aims to unlock significant value by separating its growth-oriented studios from its networks.

Investor Ross Gerber criticized Warner Bros. Discovery CEO David Zaslav, calling his leadership "zero value" after the company announced plans to split into two separate public companies by 2026, citing a series of poor decisions.

Warner Bros. Discovery on Monday announced a plan to separate into two independent public companies. The move creates a streaming giant and a separate company for its global networks.

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According to an internal memo viewed by CNBC, the layoffs will impact employees across divisions, and some non-U.S. staff may be affected in the future.

Wall Street ends mixed as investors await US-China trade news and digest moves from Apple, Qualcomm, and Warner Bros. Discovery.

Warner Bros. Discovery Inc. plans to split into two companies by 2026, with one focusing on streaming and studios and the other on TV networks. Stock gained 9% but gave up gains. Split follows previous restructuring and strong streaming momentum.

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Zaslav stated that this split will enable the company to work with a sharper focus and provide the strategic flexibility it needs.

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Warner Bros. Discovery (NASDAQ: WBD) has announced its plan to divide into two separate public entities by next year. The stock surged 8.76% in Monday pre-market.