Warner Bros. Discovery, Inc. (WBD) announced on Thursday that its Board of Directors has approved a new corporate structure aimed at boosting strategic flexibility and uncovering additional avenues for shareholder value enhancement.
This revised structure will establish Warner Bros. Discovery as the parent entity for two distinct operational segments.
The Global Linear Networks division will focus on delivering top-tier linear television content, featuring renowned networks offering engaging news, sports, and both scripted and unscripted programming.
Concurrently, the Streaming & Studios division will encompass a globally scaled streaming platform alongside renowned film and entertainment studios. It boasts a portfolio filled with some of the world's most beloved intellectual properties.
Global Linear Networks will prioritize maximizing profitability and generating free cash flow to enable further reduction of liabilities. In contrast, Streaming & Studios will aim at fostering growth and securing robust returns on increased capital investment.
Warner Bros. Discovery anticipates that this new corporate framework will enhance clarity and focus, allowing each division to fulfill its particular strategic and operational goals while advancing initiatives critical to Warner Bros. Discovery as a whole.
Furthermore, the restructuring will provide additional flexibility for each division to explore new value-creation opportunities within the dynamic media sector.
The company plans to commence the foundational steps of this reorganization immediately, with completion targeted by mid-2025.
Additionally, Warner Bros. Discovery intends to continue evolving its Board to support the execution of its strategy and drive future shareholder value creation.
The material has been provided by InstaForex Company - www.instaforex.com
This revised structure will establish Warner Bros. Discovery as the parent entity for two distinct operational segments.
The Global Linear Networks division will focus on delivering top-tier linear television content, featuring renowned networks offering engaging news, sports, and both scripted and unscripted programming.
Concurrently, the Streaming & Studios division will encompass a globally scaled streaming platform alongside renowned film and entertainment studios. It boasts a portfolio filled with some of the world's most beloved intellectual properties.
Global Linear Networks will prioritize maximizing profitability and generating free cash flow to enable further reduction of liabilities. In contrast, Streaming & Studios will aim at fostering growth and securing robust returns on increased capital investment.
Warner Bros. Discovery anticipates that this new corporate framework will enhance clarity and focus, allowing each division to fulfill its particular strategic and operational goals while advancing initiatives critical to Warner Bros. Discovery as a whole.
Furthermore, the restructuring will provide additional flexibility for each division to explore new value-creation opportunities within the dynamic media sector.
The company plans to commence the foundational steps of this reorganization immediately, with completion targeted by mid-2025.
Additionally, Warner Bros. Discovery intends to continue evolving its Board to support the execution of its strategy and drive future shareholder value creation.
The material has been provided by InstaForex Company - www.instaforex.com