WBD Stock Pops as Warner Bros. Considers Streaming Spinoff
WBDWarner Bros. Discovery(WBD) Investor Place·2024-07-18 23:53

Warner Bros. (NASDAQ:WBD) stock is in the news Thursday as investors react to reports that the entertainment company is considering a spinoff of its streaming division.According to these reports, Warner Bros. is weighing options that would have it breaking up its business. That includes splitting off its streaming and studio businesses from its television division.Reports of this plan come as Warner Bros. continues to deal with growing debt. The company is still sitting with $39 billion of debt and that’s o ...