Warner Bros. Discovery to split, dividing TV and streaming services
The move to spin off one company devoted to streaming and a second devoted to traditional television comes as the company struggles with a decline in overall business.
The organisation said the new Streaming & Studios group would include Warner Bros. Television, Warner Bros. Motion Picture Group, DC Studios, HBO and HBO Max as well as their film and television libraries.
The Global Networks company will include CNN, TNT Sports, Discovery+ and other digital products.
Shares in the company jumped more than 9% ahead of the market opening.
Current Warner Bros. Discovery CEO David Zaslav will continue as the head of Streaming & Studios, while the company's chief financial officer Gunnar Wiedenfels will become CEO of Global Networks.
Both executives will continue in their current positions until the company separates.
'By operating as two distinct and optimised companies in the future, we are empowering these iconic brands with the sharper focus and strategic flexibility they need to compete most effectively in today's evolving media landscape,' Zaslav said in a statement.
The US media giant said the split would unlock value for shareholders and create opportunities for both businesses.
The split still needs final approval from the company's board but is expected to be completed by the middle of next year.
Warner Bros. Discovery was created only three years ago after a merger between Warner Media and Discovery.
The main street without many people, alleys that are not crowded with visitors; these are uncommon sights during the summer months in Santorini's capital, Fira.
For the first year since the COVID-19 pandemic, Santorini, one of the most popular Greek islands, is experiencing a decline in tourist traffic.
Earthquake activity on the island earlier this year deterred many international visitors from choosing it for their summer holidays.
In recent weeks, arrivals have been increasing, but the numbers are far short of the highs of previous years.
"In Santorini, available airline seats are down 26% from the beginning of the year to date. But the indications we have in terms of supply of seats are down in the range of 7%-8% for the summer, so we expect a result with losses of 10%-15%," said president of the Association of Greek Tourism Enterprises (SETE), Yannis Paraschis.
The president of the Santorini hoteliers, Antonis Pagoni, told Euronews he estimates a further fall in tourist traffic and warned that the effects will spread throughout the entire Greek economy.
"The president of SETE talked about airport arrivals," he added, "but I will unfortunately say that overall arrivals will be down about 20%-25%. Right now we are moving at -25% to -30%. It's a huge reduction in a destination like Santorini that attracts more than 3 million visitors. You know, it's 10% of Greek tourism. We are not sure if Greece can afford to lose that revenue."
The island's hoteliers are offering discounts on room rates to attract last-minute tourists.
Almost every day three cruise ships stop in Santorini and thousands of visitors get off to admire the island's sights.
The cruise tax, which will finally start to be collected from July, is not expected to affect this year's cruise ship arrivals.
At the same time, the cost of living crisis affecting many parts of the world is also leaving its mark on Santorini.
This year, visitors are more restrained in their spending and this can be seen not only in hotel bookings but also in the alleys of the Greek islands.
According to shop owners, tourists this year are spending significantly less than in previous years, not only on dining but also on buying souvenirs.
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Image Screenshot of a post on Facebook taken July 31, 2025, with red cross added by AFP The image was shared across numerous other accounts on Facebook, as well as on X, Instagram, Threads and YouTube. ad in multiple languages including Greek, French and Bulgarian. arches reveal that "Henek" is just one of many fake characters featured in fabricated narratives about violin players including "Eliska Varga," "Miriam Grünbaum," "Eliezer," "Jakob," "Eli Grunfeld," "Leon," "David Morgenstern" and multiple images of men apparently nam." Image Screenshots of multiple posts on Facebook taken July 31, 2025, with red cross added by AFP The images follow an alarming trend of content creators churning out AI-generated content for money, targeting Westerners' emotional reactions to the Holocaust, in which six million Jewish people were killed (archived here). The Auschwitz-Birkenau State Museum repeatedly condemned the content (archived here) -- also lodging complaints with Facebook owner Meta over the posts. But it said the technology giant did not respond. Nations Educational, Scientific and Cultural Organization (UNESCO) warned of the dangers of false Holocaust content in a 2024 report, which said AI-generated posts can warp historical narratives and fuel anti-Semitism (archived here). While music was an integral part of everyday life in almost all the Nazi-run camps, with prisoners being forced to either sing or play instruments (archived here), both the image and the story shared on social media are fabricated. Visual inconsistencies ntified several visual inconsistencies in the image of "Henek." The violinist seems to have square-like knuckles that are disproportionate in size. One figure in the background only has three fingers. Image The image shared on social media, with visual inconsistencies highlighted by AFP The fourth string of the violin also disappears at the bottom part of the instrument. Image The image shared on social media, with visual inconsistencies highlighted and magnified by AFP His appearance is also inconsistent with the other figures in the "Henek" has a head full of hair while those in the background have their heads shaved. A shirt clings to the violinist's torso while the majority of the prisoners are shirtless and wearing pants with a belt. Both modes of dressing, however, differ from the blue and and jacket required in the Nazi-run camps (archived here). Sybille Steinbacher, professor of contemporary history at the University of Vienna (archived here), said her doubts about the authenticity of the image were reinforced by the shirtless men depicted. s had to be clothed; there was no such thing as standing for roll call with a naked upper body," she said on July 23 to AFP. Pawel Sawicki, deputy spokesperson for the Auschwitz Memorial (archived here), said in a July 24 email that prisoners "did not have belts and camp numbers were also sewn onto their trousers." pointed out that in 1943 prisoners would have had tattoos with their numbers on their arms. Image The image shared on social media, with visual inconsistencies highlighted by AFP AFP also analyzed a video posted on Facebook, which pointed to further visual inconsistencies. The InVID Verification Plugin magnifier tool reveals frames in the clip where the faces in the background appear The person to the left of the musician also looks as if he has no sternum or stomach, with ribs showing down to his belt. Image Screenshot of a keyframe with results from the InVID verification tool taken July 21, 2025, with visual inconsistencies highlighted by AFP Historical inaccuracies Researchers other historical inaccuracies pertaining to the story of "Henek." On July 6, the Auschwitz Memorial account posted a screenshot of a false post on X, saying: "Publishing fake, AI-generated images of Auschwitz is not only a dangerous distortion. Such fabrication disrespects victims and harasses their memory" (archived here). In a comment below the post, it pointed to inaccurate details in the story, including that it was improbable for a girl to have walked past a male violinist as the "men's orchestra played in the men's camp." Publishing fake, AI-generated images of Auschwitz is not only a dangerous distortion. Such fabrication disrespects victims and harasses their memory. If you see such posts, please don't share them. Instead, follow the official @AuschwitzMuseum, where every name, every photo, and… — Auschwitz Memorial (@AuschwitzMuseum) July 6, 2025 Auschwitz-Birkenau museum historian Jacek Lachendro (archived here) said that some historical accounts mention the men's orchestra in Birkenau playing while newly arrived Jews were being led to the gas chambers or while "prisoners were being led to the place of their execution by hanging or shooting (but not during the execution itself)." However, he emphasized that the musicians did not play in these situations "as a Elise Petit, whose research focuses on music within the Nazi camp system, agreed, telling AFP on July 21 that musicians mainly "played close to the gate when prisoners were marching in and out of the camp to work," (archived here, here and here). The Auschwitz Memorial concurred with Petit's analysis, writing in a comment on the July 6 post that "Orchestras at Auschwitz did not play 'while men, women, and children were marched to their deaths'. Their main job was to play when columns of prisoners walked out to work and marched back to the camp." ed the Arolsen Archives -- a containing victims and survivors of the Nazi regime -- for the name "Henek" and individuals mentioned in other posts, using a filter for "Konzenstrationslager Auschwitz" under "Place of Incarceration." But the search results do not match the identity of "Henek" or others depicted in the images and stories shared online. AI Detectors AFP analyzed the image developed by cybersecurity company GetReal Lab, which the image was synthetic. Image Screenshot taken July 18, 2025 showing the results of synthetic content analysis done using GetReal Lab AFP through the Hive Moderation AI detection tool, which found that the image is highly likely to contain AI-generated or deepfake content, with a 99.9 percent confidence level. Image Screenshot taken July 21, 2025 showing the results of analysis using Hive Moderation first concentration camps, established in 1933 shortly after Adolf Hitler became chancellor, were primarily used to imprison opponents of Nazi policy. By the end of 1942, six extermination camps were in operation, including Auschwitz-Birkenau, following the Wannsee conference that formalized the Nazis' policy of extermination of Jews in occupied Europe. Around 1.1 million people were systemically murdered in Auschw it the largest death camp. Approximately one million of those killed at Auschwitz were Jews, with Roma, Russian prisoners of war and Poles among the rest murdered. AFP fact-checked other claims related to AI here.
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US tourists shift to Europe's local favourites for summer 2025
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