Netflix addresses concerns over Warner Bros. deal
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A major transaction has long felt inevitable. The 2022 merger saddled the company with roughly $50 billion in debt, leaving its leadership little choice but to explore a breakup or sale. If the split proceeds, WBD CEO David Zaslav would continue leading the Warner Bros. side, and Discovery Global would be led by current CFO David Wiedenfels.
EXCLUSIVE: The Warner Bros Motion Picture Group is undergoing 10% cuts in its workforce, we’ve learned. This follows Monday’s news about how leadership is being split between the new Warner Bros and Discovery Global. Layoffs are across marketing ...