Speculation over Warner Bros Discovery breakup

Two of the biggest entertainment companies in the world delivered their financial results overnight, with blockbuster movie franchises still driving the fortunes of the media giants

Warner Bros Discovery divided its March quarter results into different segments for the first time, fuelling talks that the company is planning to split into two: the linear cable networks, and then Max coupled with the studio.

CNBC’s David Faber notes “they’ve already done all of the reapportioning necessary” for such a split, adding: “It’s become relatively clear to me from the many conversations that I’ve had that we could get some sort of an announcement in the not too distant future that they are planning to try to split the company.”