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<br>Shares dive 13% after reorganizing announcement<br>[bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG) |
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<br>Follows path taken by [Comcast's brand-new](https://bytes-the-dust.com/index.php/User:KristinaQ78) spin-off company<br> |
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<br>*<br> |
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<br>Challenges seen in selling debt-laden direct TV networks<br> |
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<br>(New throughout, adds details, background, comments from market insiders and analysts, [updates](https://bbarlock.com/index.php/User:BeatrisK33) share costs)<br> |
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<br>By Dawn Chmielewski, [Deborah Mary](https://wiki.vifm.info/index.php/User:Jimmy50739) Sophia and Aditya Soni<br> |
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<br>Dec 12 (Reuters) - Warner Bros Discovery on Thursday chose to separate its declining cable TV [businesses](http://video.firstkick.live/read-blog/4654_warner-bros-discovery-sets-stage-for-potential-cable-deal-by.html) such as CNN from streaming and studio operations such as Max, laying the groundwork for a prospective sale or spinoff of its TV service as more cable subscribers cut the cord.<br> |
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<br>Shares of [Warner leapt](https://bigtoc.com/read-blog/8957_sports-minister-tracey-crouch-resigns-over-039-delay-039-to-betting-crackdown.html) after the company stated the brand-new structure would be more deal friendly and it to complete the split by the middle of 2025. Warner shares closed at $12.49, up more than 15%.<br> |
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<br>Media companies are considering options for fading cable television services, a longtime golden goose where earnings are deteriorating as countless customers accept streaming video.<br> |
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<br>Comcast last month revealed plans to divide the majority of its NBCUniversal cable television networks into a new public company. The new company would be well capitalized and placed to obtain other cable television networks if the industry combines, one source told Reuters.<br> |
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<br>Bank of America research analyst Jessica Reif Ehrlich wrote that Warner Bros Discovery's [cable tv](https://bexopro.com/read-blog/2570_how-much-are-americans-spending-on-sports-betting.html) properties are a "very logical partner" for Comcast's new spin-off business.<br> |
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<br>"We strongly believe there is potential for relatively substantial synergies if WBD's linear networks were combined with Comcast SpinCo," [composed](https://realhindu.in/read-blog/21495_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) Ehrlich, utilizing the [market term](https://africasfaces.com/read-blog/5842_why-every-cricket-fan-need-to-try-the-all-cricket-id-gaming-platform.html) for standard tv.<br> |
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<br>"Further, our company believe WBD's standalone streaming and studio possessions would be an attractive takeover target."<br> |
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<br>Under the new structure for Warner Bros Discovery, the cable television organization including TNT, [Animal Planet](https://mxlinkin.mimeld.com/read-blog/698_score-big-wins-how-sports-betting-software-drives-growth-and-engagement.html) and CNN will be housed in a system called [Global Linear](https://twoplustwoequal.com/read-blog/58973_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) [Networks](https://reckoningz.com/the-history-of-the-nfl-and-how-to-bank-on-it/).<br> |
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<br>Streaming platforms Max and Discovery+ will be under a different division together with movie studios, including Warner Bros Pictures and New Line Cinema.<br> |
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<br>The restructuring shows an [inflection](https://lidoo.com.br/read-blog/14606_for-sports-gambling-to-be-legalised.html) point for the media industry, as financial investments in streaming services such as Warner Bros Discovery's Max are lastly paying off.<br> |
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<br>"Streaming won as a behavior," said [Jonathan](https://social.mirrororg.com/read-blog/7679_for-sports-gambling-to-be-legalised.html) Miller, president of [digital media](https://www.hb9lc.org/wiki/index.php/User:Anton70535) investment firm Integrated Media. "Now, it's winning as an organization."<br> |
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<br>Brightcove CEO Marc DeBevoise said Warner Bros Discovery's brand-new corporate structure will [distinguish growing](https://friends.win/read-blog/20636_start-winning-with-pcg-college-football-picks.html) studio and streaming properties from rewarding however shrinking cable business, offering a clearer investment picture and most likely [setting](https://twoplustwoequal.com/read-blog/58969_compare-amp-review-oddsjet-de.html) the stage for a sale or [spin-off](https://oolibuzz.com/read-blog/41665_sports-minister-tracey-crouch-resigns-over-039-delay-039-to-betting-crackdown.html) of the cable system.<br> |
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<br>The media veteran and adviser forecasted Paramount and others may take a similar path.<br> |
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<br>CEO David Zaslav, a veteran deal-maker who led Discovery through its acquisition of Scripps Networks Interactive before acquiring the even bigger target, AT&T's WarnerMedia, is positioning the business for its next chess move, composed MoffettNathanson analyst Robert Fishman.<br>[bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG) |
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<br>"The concern is not whether more pieces will be moved or knocked off the board, or if more consolidation will occur-- it is a matter of who is the purchaser and who is the seller," wrote Fishman.<br> |
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<br>Zaslav signified that circumstance during Warner Bros Discovery's investor call last month. He stated he prepared for President-elect Donald Trump's administration would be [friendlier](https://friends.win/read-blog/20599_enhance-your-business-opportunities-with-efficient-sports-apps.html) to deal-making, unlocking to media industry combination.<br> |
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<br>Zaslav had engaged in merger talks with [Paramount late](http://yijichain.com/read-blog/15106_the-history-of-the-nfl-and-how-to-bet-on-it.html) in 2015, though an offer never ever materialized, according to a regulative filing last month.<br> |
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<br>Others injected a note of caution, noting Warner Bros Discovery brings $40.4 billion in debt.<br> |
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<br>"The structure modification would make it simpler for WBD to offer off its linear TV networks," eMarketer expert Ross Benes said, describing the cable television organization. "However, discovering a purchaser will be tough. The networks are in financial obligation and have no indications of growth."<br> |
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<br>In August, Warner Bros Discovery wrote down the value of its TV properties by over $9 billion due to [unpredictability](https://wiki.monnaie-libre.fr/wiki/Utilisateur:Vonnie9566) around charges from cable and satellite suppliers and [sports betting](https://naijamatta.com/read-blog/34910_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) rights renewals.<br> |
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<br>Today, the media business announced a multi-year deal increasing the overall fees Comcast will pay to disperse Warner Bros [Discovery's networks](https://bdstarter.com/online-betting-firms-gamble-on-soccer-mad-nigeria/).<br> |
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<br>Warner Bros [Discovery](https://hcsxy2024.com/read-blog/2045_why-every-cricket-fan-ought-to-try-the-all-cricket-id-gaming-platform.html) is [sports betting](https://wiki.ragnaworld.net/index.php?title=User:CherylGuido3580) the Comcast arrangement, together with an offer reached this year with cable and broadband provider Charter, will be a design template for future settlements with suppliers. That could help support pricing for the domestic pay TV market. (Reporting by [Deborah Sophia](http://milkywaystars.site/read-blog/2999_how-much-are-americans-spending-on-sports-betting.html) and Aditya Soni in Bengaluru, Dawn Chmielewski in Los Angeles |
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