HBO Max will expand to 12 New territories in July; WBD execs outlined the local programming strategy at NEM Dubrovnik.

Warner Bros. Discovery is splitting into two separate publicly traded companies – one oriented around the HBO Max streaming service and Warner Bros. studio, and the other around CNN and other television networks.

The film and television giant will turn its cable networks, including CNN and TNT, into one company and its streaming and studios business into another.

Today, with court filings certain to follow, it didn’t take Warner Bros Discovery that long at all to respond to Simmons’ $20 million defamation suit against On the Record –

Warner Bros. Discovery shareholders just rejected CEO David Zaslav's pay package. Wall Street thinks a split-up of the company may be next.