Warner Bros. Discovery on Thursday announced a restructuring plan to segment its business into linear and streaming units.announced a restructuring plan to segment its business into linear and streaming units in a move that could simplify future consolidation.
The company's new global linear networks division will house its networks of news, sports, scripted and unscripted programming like CNN, TBS, TNT, HGTV and the Food Network. A streaming and studios unit will house WBD's film studios and streaming platform Max. "We continue to prioritize ensuring our Global Linear Networks business is well positioned to continue to drive free cash flow, while our Streaming & Studios business focuses on driving growth by telling the world's most compelling stories," WBD CEO David Zaslav
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