Warner Bros. Discovery To Split CNN, TNT From Streaming Service By Next Year
NEW YORK (AP) — 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 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.
Related Knowledge Center: State of the business model
The traditional journalism business model has long since collapsed, and news organizations have shrunk or disappeared entirely. While a number of promising experiments are under way, the public has not shown a willingness to buy what news organizations are selling.