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Warner Bros. Restructures, Eyes ‘Strategic Opportunities’
- More media companies are focusing on streaming platforms
- The company’s studio business will be grouped with streaming
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Warner Bros. Discovery Inc. is reorganizing into two divisions, one focused on streaming and studios and the other on cable TV networks, a move that positions the company for future dealmaking.
The media company, the parent of CNN and TNT, announced Thursday it’s creating a Global Linear Networks division for its cable channels in news, sports, and scripted and unscripted programming. A new Streaming & Studios unit will be home to online video operations like Max, the HBO cable business and the Warner Bros. film and entertainment studios.