Warner Bros. Discovery to split
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The studio and cable conglomerate that David Zaslav created couldn’t overcome outside forces and massive debt.
David Zaslav insisted that Discovery Communications together with what was then called WarnerMedia was more than the sum of its parts. They had a “formidable” lineup of global assets, he said. "When you put us together - Batman,
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Coupled with the HBO Max reversion that occurred just last month, the redivision of WBD might be yet another obvious indication that Zaslav should probably not have custody of so much American cultural history.
Said one top executive: "It’s a deal that never had a shot and shouldn’t have been done. But they’ve also done a terrible job.”
Warner Bros. Discovery is splitting up after just over three years, and Wall Street is cheering. The spinoff will create a slew of new questions.
Zaslav will lead as CEO a new so-called “Streaming & Studios” company made up of WB Television; WB Motion Picture Group; DC Studios; HBO and HBO Max (including its international sports offering); WB Games;
David Zaslav, movie mogul at last. Zaslav's vision board, which includes him sitting behind Jack Warner's old desk and living in Robert Evans' former home, is complete. On Monday, we finally got the news we were waiting for: Warner Bros.
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