Warner Bros. Sets Up $38.7 Million in Cash Bonuses to Retain Executives Through Netflix Merger, Discovery Split
Warner Bros. Discovery’s board of directors have adopted a transaction bonus program designed to retain key executives through the closing of Netflix’s $82.7 billion acquisition of its streaming and studio assets and the company’s separation of its linear networks business into Discovery Global.
Read the memo Warner Bros. Discovery sent employees after Netflix won the bidding war for its key assets
Netflix agreed to buy Warner Bros. in a media mega-merger that could upend Hollywood. Read the memo WBD sent staffers.
NBC Washington
Warner Bros. Discovery shares surge 15% after company announces linear, streaming restructuring
Warner Bros. Discovery on Thursday announced a restructuring plan to segment its business into linear and streaming units in a move that could simplify future consolidation. Shares of WBD were up roughly 15% in early trading Thursday. The company's new ...
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