Monday’s news that Warner Bros. Discovery is splitting into two companies – one consisting of studios and streaming, the other linear TV networks – has cued up Hollywood’s latest succession drama.

Warner Bros. Discovery Inc. (NASDAQ: WBD) is a major entertainment and media company that owns high-profile entertainment brands and IPs. The consumer discretionary sector Goliath was formed through a ...

Warner Bros. Discovery is considering a bifurcation into two standalone entities, one for linear assets and one for direct-to-consumer assets. The potential spinoff could result in significant gains ...

While the merger had high hopes for growth and cost synergies, the company has had many speed bumps along the way, leading to layoffs, box office disasters, budget cuts, cancellations and closures.