Malone Says Investors Will Embrace Warner Bros. Spinoff

John Malone, the billionaire media executive who helped engineer the merger of Warner Bros. and Discovery Inc., said institutional investors will embrace a standalone studio and streaming business when it’s separated from the company’s cable TV channels.

“We’ll have a much higher valuation than the combined company,” Malone said in an interview Thursday with Bloomberg TV. “Once that pickle is out of that jar, there’s gonna be a lot of people interested in doing business with that pickle.”

Warner Bros. Discovery Inc. plans to split itself in two next year, with one business owning cable channels like CNN and TNT ...