Warner Bros. Discovery's split is just the beginning! Netflix executive warns: The industry will face a "major reshuffle"

According to the Zhitong Financial APP, Netflix (NFLX.US) Co-CEO Greg Peters stated on Thursday that Warner Bros. Discovery (WBD.US) has decided to split into two independent companies, marking a bigger "reshuffling" in the entire media industry. The industry is increasingly dominated by streaming and on-demand services.