
CNN and HBO owner Warner Bros Discovery announces breakup plan
Warner Bros Discovery will split into two public companies by next year, calving off its cable operations from its streaming service.
Warner Bros Discovery said on Monday that Streaming & Studios will include Warner Bros Television, Warner Bros Motion Picture Group, DC Studios, HBO and HBO Max, as well as their film and television libraries.
The Global Networks company will include CNN, TNT Sports in the US, and Discovery, top free-to-air channels across Europe, and digital products such as the Discovery+ streaming service and Bleacher Report.
Shares jumped more than 9% before the market open.
Warner Bros Discovery's CEO, David Zaslav, will serve as CEO of Streaming & Studios. Gunnar Wiedenfels, chief financial officer of Warner Bros Discovery, will serve as CEO of Global Networks. Both will continue in their current roles until the separation.
'By operating as two distinct and optimized companies in the future, we are empowering these iconic brands with the sharper focus and strategic flexibility they need to compete most effectively in today's evolving media landscape,' Zaslav said in a statement.
The split is expected to be completed by the middle of next year. It still needs final approval from the Warner Bros Discovery board.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The Sun
22 minutes ago
- The Sun
Labour put Red Arrows' future at risk by failing to replace ageing Hawk jets, slams Shadow Defence Secretary
LABOUR were accused of putting the Red Arrows future at risk last night by failing to replace their ageing Hawk jets. Shadow Defence Secretary James Cartlidge slammed the government for 'dithering' after The Sun revealed the display team is running out of Hawk T1s. 6 6 6 He said: 'The Sun's revelations on Red Arrow availability show why Labour needs to stop dithering and actually get on with ordering a new RAF training jet. He added: 'They should commit to buying British so that renewal of the Red Arrows supports jobs and investment across the country.' Top Brass admitted the Red Arrows may be forced to cancel air shows to reduce the wear and tear on their surviving aircraft. The Hawk T1s entered service 50 years ago and the factory that made spare parts has closed. Ground crews have been forced to cannibalise parts from old planes to keep the best ones running. RAF sources denied industry claims the fleet could plummet to six working aircraft by 2028. They insisted the Red Arrows could keep 11 aircraft in service until 2030 by scrounging parts from older aircraft. But with a quarter of the fleet in maintenance at any one time, the display team would be unable to fly their trademark Diamond Nine formation. An industry source said the RAF's projections were 'wildly optimistic'. Labour's Strategic Defence Review demanded RAF replace its fleet of Hawk jets as soon as possible. A defence source close to John Healey said: 'We've been clear that we will deliver on all the SDR recommendations, a replacement jet worthy of our iconic Reds is no different.' Incredible moment Red Arrows jets soar over Buckingham Palace in stunning footage captured from inside the cockpit The only British contender is a concept jet known as the Aeralise Fast Jet Trainer. Critics claim Aeralis is Qatari owned and yet to make a prototype. An RAF spokesperson said: 'The Red Arrows will continue to use the Hawk to perform displays and flypasts until their out of service date and have sufficient aircraft in the fleet to do so. 'We continue to work closely with industry partners to ensure an appropriate number of aircraft will be available.' 6 6 6


The Sun
22 minutes ago
- The Sun
Love Island fans beg bosses to axe islander after ‘cruel' comment to one girl
LOVE Island fans have begged bosses to axe Ben Holbrough after his cruel comment to Toni Laites on tonight's show. ITV2 viewers were left open-mouthed when Ben told some of his fellow Islanders that US Toni had given him the "ick". 4 4 4 It came after he snapped at her when she told him to "not make it all about himself". He then told Shakira in the kitchen that Toni had given him the "ick" and that there was no spark between them. After Shakira told Toni what Ben had said, the Connecticut based beauty pulled Ben aside for a chat, where he brutally ended their romantic connection. But those watching at home were gobsmacked at his brutal approach and have begged for him to be axed next. One wrote: "Ben is a loser, get him off Love Island." A second posted: "Ben is unnecessarily cruel, it's giving negging & all the red flags." A third said: "I feel so bad for Toni, Ben is VILE." "I wish I could vote Ben off right now," a fourth commented. The fallout came after Ben admitted she gave him the 'ick' after her reaction to Sophie Lee being sent home. Shock moment Love Island cast realise two islanders who AREN'T coupled up have secretly gone to the Hideaway after VERY awkward lapdance As the Islanders are still reeling about Shakira Khan choosing Harry Cooksley, Toni said: 'Boys, it's your turn, just saying - I don't think you're gonna be safe.' Ben replied: 'Are you saying me in particular?' Toni added: 'No it's about boys, not everything is about you.' Her comments didn't go down well with Ben and he walked off - leaving the others surprised by his reaction. Meg later told him: 'That was a bit much…I don't get what she said that was really offensive?' Ben replied: 'She said, 'Not everything is about you…' I just got the ick.' Ben then told Shakira he'd got the ick with Toni and Shakira lets Toni know about this and suggests she pulls him for a chat. Toni does exactly that and asks Ben: 'I've heard from people you said I'm giving you the ick?' It quickly turned sour and he told her: 'I don't feel like me and you have got that spark if I am being honest.' Looking taken aback she replied 'okay' as he continued: 'That is just me being honest but I know when I have got it with someone. That I feel it straight away. But yeah I don't feel like you and me have got it.' Toni told him: 'I mean I don't think that technique is going to work for you here.' He asked what she means and she replied: 'Right away off the bat.' Smirking, he responded: 'You'd be surprised. I feel like sparks have already been made.' A very unhappy Toni hits back: 'Good luck pal.' Ben asked Shakira to join him in the Hideaway for a chat, where he admitted he fancied her. 4


Daily Mail
23 minutes ago
- Daily Mail
Beloved 80s sitcom star re-emerges as LA ICE protester clad in terrifying outfit
Eighties sitcom actress Jodie Sweetin has been seen among protesters at the Los Angeles riots as they spiraled out of control this week. The Full House star was spotted by fans despite wearing all-black with a baseball hat, ski goggles, and a Covid-style face covering over her mouth. One person excitedly filmed her walking among protesters with a megaphone before sharing the 13-second clip on TikTok. The fan shouted to get Sweetin's attention, and she said: 'Hey man, what's up?' and gave a thumbs-up before returning to the scene. Sweetin confirmed she was behind the terrifying mask 'on the front lines in LA' in response to a fan's Instagram post praising the former child star for using her 'platform to speak against these unlawful ICE kidnappings'. 'Thank youuuuuu!! Much love', Sweetin said. Self-described activist Sweetin, 43, is a regular face at progressive protests in California. She has marched for issues including trans rights and abortion access. The actress hit the headlines in June 2022 when a video surfaced showing LAPD officers throwing her to the ground during an abortion rights protest. Sweetin was among a large group of protesters marching on a freeway in response to the US Supreme Court overturning Roe v Wade that summer. Video showed officers pushing Sweetin back toward the crowd, causing her to stumble over the curb and into the freeway where a group of protesters caught her. Sweetin has also been sharing content about the LA riots via her Instagram account, including a list of related social justice organizations looking for donations. Demonstrators are protesting against Trump's immigration policies, which they said are breaking migrant families apart. LA-born Sweetin is best known for starring as Stephanie Tanner in the ABC comedy show Full House, and its Netflix sequel series, Fuller House. The LA riots erupted on Friday, June 6, in response to sweeping immigration raids conducted by ICE agents in the city. Demonstrations were initially peaceful, but they escalated into lawlessness and violence when some protestors lit vehicles on fire and looted stores. The first day of protests began outside a manufacturing business where ICE agents appeared to be detaining two truckloads full of people. A crowd gathered at the scene to try to stop the trucks from leaving, but they did not succeed despite one person even laying in front of the vehicles. Later on Friday, a large group gathered outside the US Courthouse in downtown LA demanding an end to the immigration raids in the city. Video shows protesters vandalizing the building while launching projectiles at police officers, who used shields to defend themselves from flying objects. At 10pm on Friday, the LAPD called the protest an 'unlawful assembly' and asked people to leave the area. But the protests only swelled in size over the next few days, and turned increasingly violent. One man was seen waving a Mexican flag while riding a dirt bike in donuts around a burning vehicle, while cops fired tear gas into a crowd. The protests spilled over into nearby Compton and San Francisco, and by the evening of June 7 Donald Trump had sent 2,000 National Guard members to disperse the gatherings in LA. But demonstrators stayed on the streets throughout Saturday night into Sunday, with some launching what LAPD Chief Jim McDonnell described as deadly 'commercial grade fireworks' at officers. On Monday, 700 US Marines joined the fray. LA Mayor Karen Bass said 23 businesses were looted during that day alone. Local authorities imposed a curfew from 8pm until 6am in an effort to clear the streets, while California Democrats fought with the federal government about how to police the riots. Trump favored a heavy-handed approach and even said it would be 'great' if his border tsar Tom Homan arrested California Governor Gavin Newsom. Newsom hit back by challenging Homan to arrest him, while slamming Trump's decision to deploy troops in LA as fulfilling 'the deranged fantasy of a dictatorial president'. The protests in LA are ongoing, and have inspired anti-ICE demonstrations other cities including New York, Boston, Chicago, Dallas and Atlanta. Some demonstrations involved a few dozen people, while others attracted thousands.