Overview

• Warner Bros. Discovery announced its two successor companies will be named Warner Bros. for streaming and studios and Discovery Global for networks and news
• Warner Bros. will house HBO, HBO Max, Warner Bros. Television, Warner Bros. Motion Picture Group, DC Studios and Warner Bros. Gaming Studios alongside their content libraries
• Discovery Global will oversee CNN, TNT’s U.S. sports offerings, the Discovery channels, Discovery+, Bleacher Report and free-to-air networks in Europe
• David Zaslav will remain as CEO of Warner Bros. while Gunnar Wiedenfels will take on the role of president and CEO at Discovery Global
• The restructuring shifts major legacy debt into Discovery Global to bolster Warner Bros.’ financial position ahead of the mid-2026 separation