Warner Bros. Discovery's Big Breakup
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Warner Bros. Discovery plans to split into two companies by separating its studios and streaming from cable TV networks to better compete in the evolving media landscape.
Warner Bros. Discovery will split into two companies by next year, with much of its streaming and movie production moving under one company and its live sports and news to another, according to the Washington Post .
The CEO also said that Disney+ will "probably" emulate Netflix and stop reporting subscriber numbers at some point, he noted during a CNBC appearance.