Warner Bros. Discovery Is Splitting In Two

It’s official – Warner Bros. Discovery is splitting into two publicly traded companies.

One will be Streaming & Studios which will consist of Warner Bros. Television, Warner Bros. Motion Picture Group, DC Studios, HBO, and HBO Max along with their massive film and TV libraries.

The second, Global Networks, is their cable efforts – Discovery, CNN, TNT Sports, and digital products like Discovery+ and Bleacher Report.

As a result of the split, current Warner Bros. Discovery president and CEO David Zaslav will take on the same positions at the Streaming & Studios company.

Gunnar Wiedenfels, current CFO of Warner Bros. Discovery, will serve as president and CEO of the Global Networks company. Until the separation is complete, which is expected to be mid-2026, both will continue in their present roles at WBD.

The split is subject to various approvals, such as final approval by the Warner Bros. Discovery board. The businesses are reportedly being separated in a “tax-free manner for U.S. federal income tax purposes.”

The news follows in the wake of other legacy media companies doing similar splits – Lionsgate splitting from Starz, and Comcast spinning off its cable networks into Versant.

Source: THR

The post Warner Bros. Discovery Is Splitting In Two appeared first on Dark Horizons.