Warner Bros. Discovery Aktie News

When Warner Bros. Discovery (WBD 5.04%) was formed, the idea was that the collection of assets would be more valuable than they were individually.

Warner Bros. Discovery Inc.'s plan to spin off television channels like CNN, TNT and Food Network from its studio and streaming businesses is causing angst in the bond market, with a big selloff following ratings downgrades of the company's debt to junk status.

Credit ratings agency Fitch Ratings on Wednesday downgraded Warner Bros Discovery to junk status following the company's announced split-up earlier this week, as investors weigh the deal's likely impact on holders of its debt.

Recent volatility in Warner Bros. Discovery NASDAQ: WBD stock is tied directly to a landmark strategic pivot.

Warner Bros. Discovery's new plan to split up marks companies' latest effort to adapt to streaming, and more moves are expected.

Warner Bros. Discovery, Inc. plans to split its high-growth streaming and struggling network segments to unlock value and improve cash flow and debt management. Despite a 10% YoY revenue decline, adjusted EBITDA remained strong, and the company generated over $300 million in free cash flow in Q1. The breakup aims to assign debt strategically, monetize assets, and allow each business to achieve ...

The password is “separate.” Warner Bros. Discovery's formal announcement of its anticipated separation into two distinct media companies follows the industry's latest M&A trend. WBD joins Comcast and Lionsgate – and Fox of several years ago - in spinning off cable networks that still throw off cash but represent a spectacularly successful media past rather than a foundation for the future.

Warner Bros. Discovery plans to divide into WBD Streaming & Studios and WBD Global Networks by mid-2026 to unlock value and streamline operations.