Warner Bros. Discovery to split into two public companies by next year
- On June 9, 2025, Warner Bros. Discovery revealed plans to separate into two independent publicly traded firms, with one concentrating on streaming services and studio operations, and the other managing cable television properties.
- The split follows Warner Bros. Discovery's 2022 merger of WarnerMedia and Discovery Inc., amid broader media shifts pushing streaming over traditional cable.
- David Zaslav will oversee the newly established division focused on streaming and studios, while Gunnar Wiedenfels will lead the global networks segment, which includes CNN and TNT.
- Zaslav stated that the newly established global networks firm serves audiences numbering 1.1 billion across almost 70 languages worldwide, while the streaming service is projected to exceed 150 million subscribers by the close of 2026.
- The split aims to unlock shareholder value and allow each company to move faster in growth while enabling Warner Bros. Discovery to reduce debt and sharpen strategic focus.
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Warner Bros. Discovery Is Breaking Up. We Have Questions.
David Zaslav’s plans to split WBD into two companies — one focused on streaming and studio hits and the other on a debt-laden portfolio of cable channels that includes Discovery, TNT Sports, and CNN. We have questions.
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