(Reuters) -Warner Bros Discovery (NASDAQ:) has mentioned a plan to separate its digital streaming and studio companies from its legacy tv networks because the U.S. media large weighs choices for reinforcing its sagging share value, the Monetary Instances reported on Thursday.
The corporate’s chief govt David Zaslav was analyzing a number of strategic choices, the report stated, citing folks acquainted with the matter.
WBD didn’t instantly reply to a Reuters request for remark.
Choices vary from promoting belongings, to separating its Warner Bros film studio and Max streaming service into a brand new firm that’s unburdened by a lot of the group’s present debt load, FT stated.
WBD’s high administration has been speaking to advisers to discover a answer in shareholders’ finest curiosity however it’s but to rent an funding financial institution to provoke any particular transaction, FT stated.
