Part 2/12:
At the core of the ongoing negotiations is Warner Brothers' valuation, which, according to sources, is being segmented into different units. Warner Brothers is reportedly being valued over $30 per share for its streaming services and film studios alone. This indicates that the traditional cable and linear broadcasting segments are considered a drag on the overall valuation. The market seems to be emphasizing the growth potential of Warner's streaming and production-side assets over its legacy cable and broadcast operations.