Warner Bros. Discovery is dividing its assets into two separate publicly traded companies, the media conglomerate announced Monday. The move will put the company's iconic movie studio, prestige TV operation,

Warner Bros. Discovery will split into two public companies by next year, calving off cable operations from its streaming service as the number of people “cutting the cord” brings with it a

Warner Bros. Discovery is splitting into two media companies. One will largely keep studios and streaming, while the other keeps live cable networks.