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00:02Warner Brothers Discovery announced Monday it will split into two companies by mid-2026,
00:06according to CNBC. Warner Brothers will house its studios and streaming businesses,
00:10but Discovery Global will include its networks and news. Warner Brothers will include DC Studios
00:15and the HBO Max streaming service as part of its movie and studio operations. Discovery Global will
00:20cover entertainment, sports, and news networks such as CNN, TNT Sports, Discovery, Discovery Plus,
00:25and Bleacher Report. CEO David Zaslav said the company has strengthened its business
00:30by building a profitable, glowing streaming service and revitalizing its studios.
00:34WBD announced the split to adapt to the shift from cable to streaming,
00:38creating two public companies in a move similar to Comcast's upcoming cable asset spinoff.
00:43For all things money, visit Benzinga.com.
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