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Warner Bros Discovery Drops Cable to Chase Streaming Supremacy
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Subscribe10 JUN 2025 / BUSINESS
Warner Bros. Discovery has filed for a breakup, expecting to divide the company into two publicly-traded entities by 2026, following challenges in merging its luxury content and cable businesses. The split is expected to help each division become nimbler and more attractive to investors, particularly as the company battles nearly $38 billion in debt, much of which will be managed by the Global Networks division, and a decline in its stock of almost 60% since the merger with Discovery Inc. in 2022.
“It’s not you, it’s me.” That might as well be Warner Bros. Discovery’s message as it files the paperwork for a strategic breakup, just three years after its headline-grabbing merger. With one eye on debt and the other on streaming supremacy, the entertai...
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