Warner Bros. Could Sell Studio Stake Before Spinoff

Warner Bros. Discovery Inc., which is splitting itself in two, could sell a 20% stake in its studio and streaming business before the planned separation next year.

“We want to get full value for it,” Chief Financial Officer Gunnar Wiedenfels said at the Bank of America Media, Communications & Entertainment Conference. “We’ve had some serious people asking about ways to get their hands on that” before the split is complete, which is expected in the second quarter of next year, he said.