Warner Bros. Discovery has officially announced its plans to split into two separate entities, as hinted at six months ago. The decision comes as a strategic move to adapt to the rapidly evolving media landscape and enhance competitiveness in the industry. The two new companies will be known as “WBD Streaming & Studios” and “WBD Global Networks,” each focusing on different aspects of the entertainment business.
The first entity, WBD Streaming & Studios, will encompass Warner Bros. Pictures, HBO Max, and other streaming services. This division will be led by David Zaslav and will include key assets such as Warner Bros. Motion Picture Group, DC Studios, Warner Bros. Television Group, Warner Bros. Games, and various studio production facilities. The company’s global streaming service, soon to be rebranded as HBO Max worldwide, will continue to expand its reach in 77 markets.
On the other hand, WBD Global Networks will house popular TV networks like CNN, TNT, TBS, Discovery Channel, and more. Gunnar Wiedenfels, the current CFO of Warner Bros. Discovery, will lead this segment. The company will also include streaming services like Discovery+ and TNT Sports U.S., along with rights to various sports events and entertainment channels.
The split is expected to be completed by mid-2026, with each company having its own distinct focus and strategic direction. The majority of WBD’s debt, which currently stands at around $34 billion, will be assigned to the TV networks spin-off. This restructuring aims to provide both entities with the flexibility and resources needed to thrive in the competitive media landscape.
The new companies will continue to deliver high-quality content and innovative experiences to their audiences. The split will enable them to better capitalize on their strengths and pursue potential merger and acquisition opportunities in the future. With a clear vision and dedicated leadership, Warner Bros. Discovery is poised to navigate the challenges and opportunities that lie ahead in the entertainment industry.
