Warner Bros. Discovery will split into two media giants

Warner Bros. Discovery (WBD) It will be divided into two separate media outlets. The new structure will maintain a full portfolio of live cable channels, such as new line, DC studios, HGO, HBO and HBO, HGO, HGTV, cartoon network, discovery, TCL and others.

One The WBD expresses these two existence as “WBD global networks” and “WBD flow and studios” and highlights the powerful aspects of each portfolio. The company shows that each of the new mint bodies will produce a healthy free money flow and will be listed as open trading companies for each. This comes only after three years Between WarnerMedia and discovery.

The existing CEO and WBD President David will serve as President of David Zaslav, Streaming & Studios. Currently, WBD will serve as head of global networks of CFO and Gunnar Wiedenfels. Both remain in their present roles until separation is okay.

“The effective stories that this great company revived for more than a century for more than a period of time touched the countless people all over the world. This is a treasure in the next chapter of our celebrated history” . “By working as two different and optimized companies in the future, we strengthen these iconic stamps with sharp focus and strategic flexibility to compete in today’s evolving media view.”

One WBD will receive a loan of $ 17.5 billion from JP Morgan, the cash tender and agreement will help all 35.5 billion bonds. This indicates that the bondholders will receive a part of some bonds when asked or selling a cash stimulus while trying to unload the terms of the bondholders. According to Most of the total debt will be carried out by global networks, and “insignificant part” will remain in the streams and studios. It is seen to break down the debt in each person, the results of the company’s debts again.