Warner Bros. Discovery to split into two firms, dividing cable and streaming services

Warner Bros. Discovery will split into two public firms by subsequent 12 months, carving off its cable operations from its streaming service. File
| Photo Credit: Reuters

Warner Bros. Discovery will split into two public firms by subsequent 12 months, carving off its cable operations from its streaming service.

Warner Bros. Discovery stated Monday (June 9, 2025) that Streaming & Studios will embody Warner Bros. Television, Warner Bros. Motion Picture Group, DC Studios, HBO, and HBO Max, in addition to their movie and tv libraries.

The Global Networks firm will embody CNN, TNT Sports within the U.S., and Discovery, high free-to-air channels throughout Europe, and digital merchandise such because the Discovery+ streaming service and Bleacher Report.

Shares jumped greater than 9% earlier than the market open.

Warner Bros. Discovery CEO David Zaslav will function CEO of Streaming & Studios. Gunnar Wiedenfels, chief monetary officer of Warner Bros. Discovery, will function CEO of Global Networks. Both will proceed of their present roles till the separation.

“By working as two distinct and optimised firms sooner or later, we’re empowering these iconic manufacturers with the sharper focus and strategic flexibility they want to compete most successfully in at present’s evolving media panorama,” Mr. Zaslav said in a statement.

The split is expected to be completed by the middle of next year. It still needs final approval from the Warner Bros. Discovery board.