Warner Bros. Discovery Inc. on the Brink of Business Split

According to a report by CNBC's David Faber, Warner Bros. Discovery Inc. is inching closer to a significant business reorganization. The potential split would separate the company's linear cable networks from its studio unit, marking a pivotal shift in its operational structure.

Market Reacts Positively to Split Rumors

Following the news, the company's stock experienced a notable surge, jumping 6.37% to $9.11 per share at 10:13 am ET. This investor enthusiasm comes amidst the backdrop of the company's latest quarterly earnings, which revealed a 10% annual drop in revenue to $9 billion for the first quarter of fiscal 2025.

Official Announcement Expected Soon

While Warner Bros. Discovery has yet to make an official statement regarding the split, sources suggest that an announcement could be made in the "not too distant future." Stakeholders and industry watchers are keenly awaiting further details on this transformative move.