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Warner Bros. Discovery, CNN’s corporate parent, announced Thursday it is establishing a new corporate structure that splits its cable networks off from its growing streaming business.
On May 17, 2021 AT&T announced that it was spinning off its content subsidiary WarnerMedia and merging it with Discovery, Inc. to form a new company, Warner Bros. Discovery, subject to regulatory approval. The deal, which closed in April 2022, was structured as a Reverse Morris Trust; at the time the deal was completed, AT&T's shareholders held ...
Source: Jonathan Weiss/Shutterstock Prior to this, it was not 100% clear whether there would be a spin-off or a split-off of the Warner Bros Discovery (WBD). I t AT&T Has Finally Announced Details ...
Warner Bros. Discovery, Inc. (WBD) is an American multinational mass media and entertainment conglomerate headquartered in New York City.It was formed from WarnerMedia's spin-off by AT&T and merger with Discovery, Inc. on April 8, 2022.
(Reuters) -Warner Bros Discovery said on Thursday it would separate its declining cable TV business from the growing streaming and studio operations, laying the groundwork for a potential sale or ...
AT&T’s (NYSE:T) merger-spinoff is now complete, with Warner Bros. Discovery (NASDAQ:WBD) trading as its own entity. Investors are hoping that this decision ends up creating value between the two ...
Warner Bros. Domestic Pay TV, Cable & Network Features - a former division of Warner Bros. Domestic Television Distribution that licensed Warner Bros. feature films, television series, miniseries, TV films, and specials to the pay television and basic cable markets, as well as feature films to the broadcast networks.
The legacy media giant announced the spin-off on Wednesday after ... Warner Bros. Discovery ... The logo for CNBC appears on the CNBC studio on the floor of the New York Stock Exchange, Wednesday ...