Market
Will Warner Bros. Discovery spin off its Linear TV division by the end of 2025?
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Resolution / Starting Odds
Yes • 50%
No • 50%
Official press releases from Warner Bros. Discovery or major financial news outlets
Story
Warner Bros. Discovery to Split Into Linear TV and Streaming Divisions by Mid-2025
Dec 12, 2024, 02:24 PM
Warner Bros. Discovery Inc. has announced a significant corporate restructuring, creating two distinct operating divisions: Global Linear Networks, which will house its cable networks like CNN, TBS, and TNT, and Streaming & Studios, encompassing its streaming platform Max and its film and entertainment studios. The restructuring aims to enhance strategic flexibility and unlock shareholder value by separating the declining linear TV business from the growing streaming and studio operations. The move is seen as a precursor to potential future deals or a spinoff of its traditional TV business, aligning with industry trends towards streaming as cord-cutting accelerates. The new structure is expected to be implemented by mid-2025, with shares of Warner Bros. Discovery surging more than 15% in premarket trading following the announcement.
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Similar markets
Yes • 50%
No • 50%
Yes • 50%
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Yes • 50%
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No • 50%
Yes • 50%
Other • 25%
International Media Company • 25%
Private Equity Firm • 25%
Comcast • 25%
Other Outcome • 25%
Streaming Outperforms Cable TV • 25%
Cable TV Outperforms Streaming • 25%
Both Perform Equally • 25%
Other • 34%
Global Linear Networks • 33%
Streaming & Studios • 33%