Overview
- Streaming & Studios will become Warner Bros. under CEO David Zaslav, overseeing television, film, DC Studios, HBO, HBO Max and gaming operations.
- Global Networks will be rebranded as Discovery Global under CEO Gunnar Wiedenfels, encompassing CNN, TNT Sports, Discovery channels, Discovery+, Bleacher Report and Warner Bros. International TV Production.
- Warner Bros. Motion Picture Group has initiated roughly 10% layoffs across marketing, distribution, production, strategy and operations to adopt a global operating model.
- The spin-off aims to isolate Discovery Global’s legacy debt from Warner Bros. to bolster Warner’s stock valuation and provide clearer investor propositions.
- The separation process, reversing the 2022 merger, is on track to complete by mid-2026 as WBD adapts to shifting media consumption patterns and investor demands.