Warner Bros. Discovery (NASDAQ:WBD) is expected to restrict creditors from forming certain cooperation groups as the company completes a debt deal tied to its two-way split, according to a Wall Street Journal report from Thursday.

Warner Bros. Discovery is splitting into two separate publicly traded companies – one oriented around the HBO Max streaming service and Warner Bros. studio, and the other around CNN and other television networks.

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.