Warner Bros May Prefer Smaller Asset Sale Instead of Split: FT

Warner Bros Discovery’s is looking to offload smaller assets in a bid to avoid a break up of the company, Financial Times reports, citing two unidentified people familiar with the matter.

• Considering offers to sell Polish broadcaster TVN or a stake in Warner’s video games business, which holds intellectual property to Harry Potter games
• Chief executive David Zaslav and chief financial officer Gunnar Wiedenfels determined fencing off streaming, studio businesses was not the best option at this time
• Company spokesperson declined to comment to FT
• NOTE: In July, Warner Bros Mulls Split of Digital Streaming, Studio Units: FT

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