Warner Bros. Discovery to Split into Two Companies

⁢ ⁣ Updated ⁤June 09, 2025

Warner Bros. Discovery, the media⁣ conglomerate that houses everything from HBO Max to CNN, is planning a corporate ‍restructuring. The company will separate into two distinct public entities: ⁢Streaming⁣ & Studios and Global Networks. The proclamation comes just a few years⁣ after Discovery and WarnerMedia completed their merger in 2022.

The planned split⁤ aims to create shareholder value and aggressively pursue new ventures ⁢in the streaming and entertainment⁢ sectors. Streaming & Studios will encompass HBO ‌Max,Warner Bros. movies and gaming, and DC Studios. Global‍ Networks will⁣ include Discovery Plus, CNN, Bleacher Report, and TNT Sports.

The separation is projected to ⁣be complete by 2026. It remains unclear how this restructuring will affect consumers, especially regarding content ⁤availability on existing subscription​ services like⁢ HBO Max, which currently features content slated for both new companies.Pricing adjustments for these services are also uncertain.

Warner Bros. Discovery logo
Warner Bros. ‌Discovery owns ‍a vast portfolio of ⁢media and entertainment brands.

What’s next

While the company has not yet detailed specific changes for consumers, ⁢further ⁤details regarding the impact on streaming services and content availability‍ is expected as the 2026 completion date approaches. The⁢ focus remains ​on maximizing ‌shareholder value and exploring new business opportunities within the evolving media landscape.