Overview

• Warner Bros. will consolidate the company’s premium studios, HBO, HBO Max, gaming and film assets into a standalone public entity
• Discovery Global will house CNN, TNT Sports in the United States, Discovery and the Discovery+ streaming service
• David Zaslav will lead Warner Bros. with a focus on streaming growth and creative franchises
• Gunnar Wiedenfels will serve as CEO of Discovery Global overseeing news, sports and factual operations
• The split addresses the underperformance of the 2022 merger and the shift of over 70 percent of U.S. households to streaming platforms