Faber said that we “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 currently doing to Faber.

STORY: Shares of Warner Brothers Discovery jumped as much as nine percent Thursday morning after CNBC reported the media giant is moving toward a potential breakup.Shares had fallen earlier in the session after the company posted revenue that missed forecasts and a wider-than-expected loss due to a sluggish box office performance and ongoing declines in cable TV.

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