earlier this year, Warner Brothers Discovery Chief Executive Officer David Zaslav ended his company’s long relations with the National Basketball Association. Now, he can fully establish the platform to eliminate his relationship with our game.
WBD announced on Monday Divide themselves into two companies – A concept CNBC The steam was raised for the first time in April. A company, temporarily called streaming and studios, will include Warner Brothers Television, Warner Brothers Motion Picture Group, DC Studio, HBO and HBO Max. Other, currently the global network dub, the rest of the company will have the rest: Legacy cable network, TNT sports, digital products and free-to-air channels in Europe.
Zaslav will be the CEO of streaming and studio. Gunner Videnafales, the current Warner Brothers Discovery will become CEO of the Global Network, CEO.
Divorce raises the question of where the Live Sports Wright organized by TNT will land without Warner Brothers. Discovery’s streaming portfolio as part of the same company.
During a conference call on Monday, Jaslav said that it would be for Widenafales and his team to decide whether they want to license TNT sports programming for streaming and studio business – or someone else – in the future.
Currently, all TNT games HBO Max, Warner Brothers appear on the major streaming service of Discovery. Zaslav said that American sports HBO Max Sign-ups have not been a major driver, suggesting that it could be understood to be consciously uncontrolled for TNT sports below streaming service.
“Inside the US, the game has been less important,” Jaslav said on a call with investors on Monday. “It is seen, but it has not been a real driver for us. So it will continue on HBO Max, but the global network business will evaluate over time where the best place for him is.”
HBO Max will continue the game license for existing deals. Nevertheless, Videnfels will have options for TNT’s future streaming and mudification of digital sports rights. He can attack a licensing deal with a separate media company with a separate media company with a separate media company for live sports such as Turner Network (TNT, TBS and Trutv) such as NCAA’s march madness, French Open, NASCAR, Major League baseball and National Hockey League.
“American sports rights will live on global networks, and its management team will determine that it is best to mudge streaming and digital rights over time,” said Widenfels. “Internationally, the game will be largely co -existed, both linear and streaming, as they do today.”
Or, he can decide to merge TNT Games with another unit, such as the upcoming Comcast Spinout, versant. Mark Lazarus, CEO of Versent, Told CNBC Sport last month He was interested in bidding on sports rights to achieve distribution hafts with pay-TV operators. Getting TNT game can be a big step in that direction.
If Wiedenfels protests for consolidation, it will have to weigh the tax effects of selling assets after isolation. While Warner Bros. Discovery mentioned that the division is tax-free, Widenfels insisted on Monday’s call that transactions may begin in the form of separation, which is expected by the middle of 2026.
“On the tax side, I said it earlier, I want to be completely clear: once the deal is closed, both companies are going to be independent and clear,” said Widenfels. “There is no minimum time.”
A spokesperson for a vesant refused to comment.
Disclosure: Comcast is the original company of CNBC. On completion of the spinout, Versent will become the original company of CNBC.
