Warner Bros. Discovery to Split Into Two Firms

Warner Bros. Discovery announced plans to split into two separate, publicly traded companies by mid-2026, named Warner Bros. and Discovery Global. Warner Bros. will oversee film, TV, and gaming assets, including Warner Bros. Motion Picture Group, DC Studios, HBO, HBO Max, and the company's content libraries. David Zaslav will remain CEO of Warner Bros., while Gunnar Wiedenfels, now CFO, will become CEO of Discovery Global. Discovery Global will manage television networks, sports, and news assets such as CNN, TNT Sports, Discovery, Discovery+, and Bleacher Report, serving audiences in over 200 countries. The restructuring aims to address Warner Bros. Discovery's significant debt and provide each company with greater strategic flexibility, reflecting broader industry trends as media giants reverse past mergers. Leadership changes and executive appointments have also been outlined as part of the upcoming operational split.