Warner Bros Discovery is reportedly looking to break up its streaming and studio businesses from its linear networks to energize its falling stock price.
WBD closed at $8.34, +0.34%, however, the media company is down from its 52-week high of $14.76 with a $20.3 billion market cap.
WBD CEO David Zaslav is apparently weighing myriad options from selling assets to separating the movie studio and Max streaming service into a new company, free from the group’s current near-$40 billion debt.
This is all per the Financial Times tonight. Deadline has reached out to Warner Bros Discovery for comment. We’ll update when they weigh in.
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