1314 ET - A spinoff of Warner Bros. Discovery's streaming and studios business could be the best way to unlock unrecognized value, Bank of America analyst Jessica Ehrlich says. Shares of the media company have underperformed Ehrlich's expectations since Warner Media and Discovery merged in 2022. But exploring strategic alternatives like a spinoff could help them rally. There are signs the company is at least considering that option, Ehrlich says. Warner Bros. Discover in December announced a new corporate structure reorganizing itself into two parts, with one dedicated to streaming studios, which Ehrlich believes could nicely set up a spinoff. (katherine.hamilton@wsj.com)
(END) Dow Jones Newswires
June 02, 2025 13:14 ET (17:14 GMT)
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