MEDIA: Warner Bros/Discovery Preparing to Split Into Two According To Reports

To better compete in an increasingly complex media marketplace where clicks and time watched controls much of the value of a media organization, Warner Bros/Discovery is likely to pursue a corporate split that will split the iconic studio and streaming entertainment division and the global networks divisions of the current company according to reports in the Wall Street Journal and lightreading.com.

Hoping that investors and financial partners will value the efficiencies of splitting a company which combined just three years ago, the company is readying the reorganization rapidly as one of may efforts to deal with the extremely high debt load from the merger of WarnerMedia and Discovery about three years ago.

Traditional and emerging media companies are a major employer and economic opportunity for highly skilled technicians, talent, laborers, and vendors in California and across the globe. As the corporate entities for some of the world’s most famous brands search for ways forward, hundreds of thousands of jobs hang in the balance.

The Association of Western Employers will continue to track this emerging story and the issues around employment in media, the arts, and across the economy.