““IT’s safe to assume that majority” of Warner Bros. Discovery’s Roughly $ 37 Billion in Debt Load Will Exist with The Spun Off Global Networks, The New Company New CEO Gunnar Wiedenfels SAID ON MONDAY. “A NOT-INSIGNFICANT PORTION” WILL REMAIN WITH STREAMING & STUDIOS, WIEDENFELS SAID, WHICH WILL REMAIN Under the Eye of Current WBD”, – WRITE: www.hollywoodReporter.com
“IT’s too early to talk about a target capital structure. We haven’t Made Final Decisions Yet, and You Know, There’s A Lot We Need to Work Through Between Now, Wen. Told Media Analysts on a Conference Call. “A Couple of Things Can Be Said, Thought. Number One, It’s SAFE TO ASSUME THAT The majority Studios As Well. ”
Earlier on Monday, June 9, Warner Bros. Discovery AnnounCed A Split That Most of the Industry Saw Coming. There will be two Independently-Vepreaded, Publicly-Traded Companies: Streaming & Studios and Global Networks. Those Will Be Renamed at Some Point (and Probably “Warner Bros.” and “Discovery” – Again).
The Streaming & Studios Company Will Consist of Warner Bros. Television, Warner Bros. Motion Picture Group, DC Studios, HBO, and HBO MAX, As Well As Their Legendary Film and Television Libraries. The Second Business, Global Networks, Will Include Such Entertainment, Sports and News Television Brands AROUND Digital Products Such As The Profitable Discovery+ Streaming Service and Bleacher Report (B/R).
David Zaslav, President and CEO of Warner Bros. Discovery, Will Serve As President and CEO of Streaming & Studios. Gunnar Wiedenfels, CFO of Warner Bros. Discovery, Will Serve As President and CEO of Global Networks. Both Will Continue in Their Present Roles at WBD Until The Separation.
The Split Is Expert to Close in Mid-2026.
“Three Years Ago, The Very Foundation of How, Who, and WHERE AUDIENCES ENGAGED WITH CONTENT WAS Undergoing Fundamentable Change,“ Zaslav Wrote The Hollywood Reporterin reference to the 2022 Combination of WarnerMedia and Discovery. “AS Both Organizations Contemplated Their Futures, One Truth Became Clear: To Successful Adapt, Transform, and Lead in The Entertainment Industry of Tomorrow Other’s Strenguths. ”
Not that It Was Always Easy.
“While the work that merger has been challenging at times, Ultimately, we have successeded in strengthaning each element of our business,” Zaslav Said in the Memo. “Bringing Together the Discovery and Turner Networks, We Have Created A Leader in Live and Unscripted Television, with a Trly Global Footprint Oper. Our Direct-to-Consumer Offering, As HBO Max is Now One of the World’s FEW GLOBAL AND MEANINGFULLY PROFITABLE STREAMING SERVICES. Strong Progress in Returning Our Film and Television Studios to Industry Leadership. ”
More to come.