Overview

• Warner Bros. Discovery announced plans to split into two independent companies focused on content production and global television networks.
• Streaming & Studios will bring together Warner Bros. Television, Warner Bros. Motion Picture Group, DC Studios, HBO, HBO Max and their film and TV libraries under David Zaslav.
• Global Networks will encompass CNN, TNT Sports in the U.S., Discovery’s free-to-air channels in Europe, Discovery+ and Bleacher Report led by Gunnar Wiedenfels.
• The spin-off is designed to be tax-free at the federal level and will rely on formal transition services and commercial agreements to maintain operational continuity.
• The move mirrors restructuring efforts by Lionsgate and Comcast as major media firms adapt to evolving consumer habits and technology.