The film and television giant will turn its cable networks, including CNN and TNT, into one company and its streaming and studios business into another.

NEW YORK (AP) — Warner Bros. Discovery will split into two public companies by next year, calving off cable operations from its streaming service as the number of people “cutting the cord” brings with it a sustained upheaval in the entertainment industry.

The new Streaming & Studios company will include DC Studios and HBO, while Global Networks will include CNN and TNT.