He and Gunnar Weidenfels detail the blockbuster unbundling of WBD: Decision "reflects our belief that each company will go further and faster apart than they can together."

The ongoing back-and-forth over the future of HBO and its parent company Warner Bros. Discovery calls to mind a line from one of the network's great recent series: the business magnate Logan Roy telling his squabbling children "You are not serious people.

Warner Bros. Discovery will split into two companies by next year, with much of its streaming and movie production moving under one company and its live sports and news to another, according to the Washington Post .