Tag: Versant

Fitch Ratings warns that the current wave of media spinoffs—splitting legacy TV from studios and streaming—may weaken financial profiles despite potential efficiency gains. The firm flagged Warner Bros. Discovery’s planned split as especially risky due to its heavy debt and…

Warner Bros. Discovery is splitting into two public companies by mid-2026, aiming to unlock greater value by separating its high-growth streaming and studio operations from its declining cable networks. CEO David Zaslav will lead WBD Streaming & Studios, housing HBO,…

The USGA is in the early stages of negotiating a new media-rights deal for the U.S. Open, with NBC Sports’ current contract set to expire after next year. CEO Mike Whan said there's strong interest from existing and potential partners,…

Warner Bros. Discovery is splitting into two independent public companies. One will focus on streaming and studios, led by David Zaslav. The other will contain the company’s cable networks and will be led by CFO Gunnar Wiedenfels. Most of WBD’s…

Variety discusses how this year’s TV upfronts were steeped in irony and anxiety, with media giants putting on a confident face despite industry-wide budget cuts, layoffs, and shifting strategies. Live sports dominated pitches, scripted TV continued to shrink on broadcast,…

Comcast has named its cable and digital spinoff "Versant," consolidating legacy brands like USA, CNBC, and Fandango under a single corporate identity. The move streamlines operations, enables strategic flexibility, and positions the unit for potential M&A or divestiture, reflecting broader…