Warner Bros. Discovery plans to split into two companies by separating its studios and streaming from cable TV networks to better compete in the evolving media landscape.

Warner Bros. Discovery se dividirá en dos empresas cotizadas para el próximo año, separando sus operaciones de cable de su servicio de streaming. Warner Bros. Discovery dijo el lunes que Streaming & Studios incluirá Warner Bros.

The film and television giant will turn its cable networks, including CNN and TNT, into one company and its streaming and studios business into another.

Warner Bros. Discovery will split into two companies by next year, with much of its streaming and movie production moving under one company and its live sports and news to another, according to the Washington Post .

Four years ago, David Zaslav insisted that Discovery Communications together with what was then called WarnerMedia was more than the sum of its parts. They had a “formidable” lineup of global assets, he said.