Warner Bros. Discovery (WBD) is considering breaking up its businesses. According to a report from the Financial Times, WBD is weighing splitting its...
from the Financial Times, WBD is weighing splitting its streaming and studio divisions from its television networks. The company has been struggling with high debt and sagging share price. The news sent shares higher in early trading.This is according to a report out from The Financial Times, now the company grappling with $39 billion net debt load and it's that debt that's really been the focus here of the street.
Given that there are by far leaders within the space versus the laggards and in order to really excel, it seems to be at least consensus from the street.Yeah, it's smart of you to bring up the debt challenges because this breakup could, as you mentioned, lead to a scenario where the debt could remain with the pay TV networks, which could be a positive for the business.
Hiring of a bank would be a key kind of catalyst to indicate that that is a little bit more serious here, but that that potential breakup is indicative of some broader themes that we are seeing in the media space here Ryan Reynolds recently spoke to The New York Times ahead of the release of “Deadpool and Wolverine” and remembered the humble beginnings of his R-rated superhero franchise. The actor said the first “Deadpool” movie finally got off the ground at 20th Century Fox after he’d already spent a decade trying to get it made.
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