The CEO also said that Disney+ will "probably" emulate Netflix and stop reporting subscriber numbers at some point, he noted during a CNBC appearance.

The split comes three years after Warner Bros. and Discovery merged in a bid to capture more of the highly competitive streaming market.

EXCLUSIVE: Adam Galen has been promoted to Vice President of Development at Warner Bros. Pictures Animation, the division’s President Bill Damaschke announced on Tuesday. In his elevated role, Galen will work alongside Susan Akinbola to lead the studio’s feature development slate,

Director Noëlle Raffaele is adapting Marissa Meyer's best-selling book series for the film that hails from Locksmith Animation.

Stocks were rising Monday as trade talks between the U.S. and China resumed in London. These shares were making moves:Tesla rose 1.4% to $299.24 after closing up 3.8% on Friday. Shares of the electric-vehicle company ended the week with a loss of nearly 15%—the stock’s worst weekly decline since the week ended Oct.