Warner Bros. Discovery's $37 billion debt will be placed in WBD's General Networks.
Cartoon Network and Adult Swim will be separated from their studios CN Studios, Warner Bros. Animation, Williams Street and Hanna Barbera-Studios Europe. pic.twitter.com/JDztNGoyIn
-Zaslav has announced that he is breaking up the band and splitting WB into two separate entities. “WBD Streaming & Studios,” encompassing Warner Bros. Pictures, HBO, Max/HBO Max and more. The other will be “WBD Global Networks,” home to CNN, TNT, TBS and more, largely comprising linear TV businesses that have suffered declines in revenue and profitability.
-In a step that surprises nobody....Zassy is doing his best to try to make WBD S&S look good by putting majority of their $34 billion of net debt will be assigned to the WBGN, their TV networks spin-off, execs said.
-Comes off the heels of Warner Bros Discovery shareholders have symbolically voted against CEO David Zaslav’s $52M pay package where Nearly 60% think he’s overpaid.
-NBCU recently did a similar thing where they split up NBC/BRAVO from the rest of their channels.
WBD Streaming & Studios
Max global streaming service, available in 77 markets (soon to be rebranded back to HBO Max worldwide)
HBO linear channels
TNT Sports International (U.K. and Ireland)
Warner Bros. Motion Picture Group (WBMPG), comprising Warner Bros. Pictures, New Line Cinema, and Warner Bros. Pictures Animation
DC Studios and DC Comics Publishing
Warner Bros. Television Group (WBTVG), comprising Warner Bros. Television (live-action scripted programming), Warner Bros. Unscripted Television (Warner Horizon Unscripted Television, Telepictures, Warner Bros. International Television Production, and Shed Media), Warner Bros. Animation, Cartoon Network Studios, and Hanna-Barbera Studios Europe
Warner Bros. Games
Tours, retail and experiences including consumer products and brand licensing
Studio production facilities in Burbank and Warner Bros. Studios Leavesden in England
WBD Global Networks
U.S. general and lifestyle entertainment networks including TNT, TBS, Turner Classic Movies, OWN, HGTV, Food Network, TLC, Discovery Channel, Animal Planet, Cartoon Network and Adult Swim
CNN, including CNN International and CNN’s forthcoming subscription streaming service
Discovery+ streaming service
TNT Sports U.S. including rights with MLB, NCAA Division I Men’s Basketball Championship, NHL, United States Soccer Federation, Unrivaled, Nascar, Roland-Garros, NCAA Big 12 Football and Men’s Basketball, and NCAA Big East Men’s and Women’s Basketball
Bleacher Report (B/R) and House of Highlights (under TNT Sports)
Eurosport.com, Golf Digest (under TNT Sports)
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