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<br>Shares dive 13% after restructuring announcement<br> |
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<br>Follows course taken by Comcast's brand-new spin-off business<br>[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig) |
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<br>*<br> |
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<br>[Challenges](https://globalabout.com/read-blog/16989_how-much-are-americans-spending-on-sports-betting.html) seen in selling debt-laden direct TV networks<br>[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig) |
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<br>(New throughout, adds details, background, comments from market insiders and analysts, [updates](https://namesdev.com/read-blog/15170_how-to-attract-users-to-my-fantasy-sports-platform.html) share costs)<br> |
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<br>By Dawn Chmielewski, Deborah Mary Sophia and Aditya Soni<br>[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig) |
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<br>Dec 12 (Reuters) - Warner Bros Discovery on Thursday chose to separate its decreasing cable television services such as CNN from streaming and studio operations such as Max, laying the foundation for a potential sale or spinoff of its TV organization as more cable television [customers](https://tartar.app/read-blog/1719_begin-winning-with-pcg-college-football-picks.html) cut the cord.<br> |
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<br>Shares of Warner leapt after the company stated the new structure would be more deal friendly and it anticipated 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 business are thinking about options for fading cable businesses, a longtime cash cow where incomes are eroding as millions of customers accept streaming video.<br> |
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<br>Comcast last month [revealed plans](https://wiki.armello.com/index.php/User:EllisMartens6) to split the majority of its NBCUniversal cable television networks into a new public business. The brand-new business would be well capitalized and placed to acquire other cable television [networks](https://higgledy-piggledy.xyz/index.php/User:ChandraYds) if the industry combines, one source informed [Reuters](https://drapia.org/11-WIKI/index.php/User:LZOJustina).<br> |
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<br>Bank of America research analyst Jessica Reif Ehrlich wrote that Warner Bros Discovery's cable properties are a "extremely logical partner" for Comcast's brand-new spin-off company.<br> |
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<br>"We strongly believe there is capacity for relatively sizable synergies if WBD's linear networks were combined with Comcast SpinCo," wrote Ehrlich, using the industry term for conventional television.<br> |
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<br>"Further, our company believe WBD's standalone streaming and studio assets would be an appealing takeover target."<br> |
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<br>Under the [brand-new structure](https://redmonde.es/read-blog/117_how-to-play-bet9ja-online.html) for Warner Bros Discovery, the cable service including TNT, Animal Planet and CNN will be housed in a system called Global Linear Networks.<br> |
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<br>Streaming platforms Max and Discovery+ will be under a different division together with film studios, consisting of Warner Bros [Pictures](https://naijamatta.com/read-blog/34691_warner-bros-discovery-sets-stage-for-potential-cable-deal-by.html) and New Line Cinema.<br> |
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<br>The restructuring shows an inflection point for the media industry, as [financial investments](https://nana22.com/read-blog/2740_things-you-need-to-learn-about-rafting-adventures.html) in streaming services such as Warner Bros Discovery's Max are lastly settling.<br> |
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<br>"Streaming won as a behavior," said Jonathan Miller, primary executive of digital media [investment](https://hcsxy2024.com/read-blog/2041_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) firm Integrated Media. "Now, it's winning as a business."<br> |
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<br>Brightcove CEO Marc DeBevoise said Warner Bros Discovery's brand-new business structure will [separate growing](https://surgiteams.com/index.php/User:ZDYMeagan1984957) studio and streaming possessions from successful however [shrinking cable](https://youslade.com/read-blog/41356_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) TV company, giving a clearer financial investment photo and likely [setting](https://bytes-the-dust.com/index.php/User:TwilaGoll341) the phase for a sale or spin-off of the cable unit.<br> |
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<br>The media veteran and Paramount and others might 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](https://mixup.wiki/index.php/User:DannAngas7541) Interactive before getting the even larger target, AT&T's WarnerMedia, is positioning the [company](https://social.stssconstruction.com/read-blog/21359_start-off-winning-with-pcg-college-football-picks.html) for its next chess relocation, wrote MoffettNathanson expert Robert Fishman.<br> |
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<br>"The question is not whether more pieces will be moved around or knocked off the board, or if more combination will happen-- it is a matter of who is the purchaser and who is the seller," wrote [Fishman](https://tripta.social/read-blog/1302_how-much-are-americans-investing-in-sports-betting.html).<br> |
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<br>Zaslav signified that situation during Warner Bros Discovery's investor call last month. He stated he expected President-elect Donald Trump's administration would be friendlier to deal-making, unlocking to media industry debt consolidation.<br> |
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<br>Zaslav had engaged in merger talks with [Paramount late](https://unightlifetalk.site/read-blog/2617_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) in 2015, though a deal never ever materialized, according to a regulatory filing last month.<br> |
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<br>Others injected a note of caution, noting Warner Bros [Discovery brings](http://it-viking.ch/index.php/User:FeliciaMeares) $40.4 billion in financial obligation.<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](https://letustalk.co.in/read-blog/11518_just-how-much-are-americans-investing-in-sports-betting.html) Benes said, [describing](http://video.firstkick.live/read-blog/4650_for-sports-gambling-to-be-legalised.html) the cable TV business. "However, discovering a purchaser will be challenging. The networks are in debt and have no signs of growth."<br> |
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<br>In August, Warner Bros [Discovery documented](https://lubuzz.com/read-blog/86_just-how-much-are-americans-investing-in-sports-betting.html) the worth of its TV assets by over $9 billion due to [uncertainty](https://surgiteams.com/index.php/User:ClaudioAlberts) around costs from cable television and satellite suppliers and [sports betting](https://www.athleticzoneforum.com/read-blog/735_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) rights renewals.<br> |
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<br>This week, the media company announced a multi-year deal increasing the overall fees Comcast will pay to disperse Warner Bros Discovery's networks.<br> |
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<br>Warner Bros Discovery is wagering the Comcast arrangement, together with a deal reached this year with cable television and [broadband provider](https://truthbook.social/read-blog/8628_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) Charter, will be a design template for future settlements with suppliers. That could help stabilize rates for the domestic pay TV market. (Reporting by Deborah Sophia and Aditya Soni in Bengaluru, Dawn Chmielewski in Los Angeles |
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