Faber said that is “almost definitely” will see the Warner Bros. studios paired with Max, leaving WBD’s cable networks as the odd assets out. It’s basically exactly what NBCUniversal is doing to Faber. A spokesperson for Warner Bros. Discovery did not immediately respond to The Hollywood Reporter ’s request for comment on the Faber report.

The Warner Bros. studio struggled in the quarter, but the company's streaming unit grew by 5.3 million subscribers.

Warner Bros Discovery is moving towards a potential breakup, CNBC reported on Thursday, as media companies explore options for their struggling cable TV businesses and sharpen focus on their faster-growing streaming and studios divisions.