Warner Bros. Discovery to separate into two firms, dividing cable and streaming providers

Warner Bros. Discovery will cut up into two public firms by subsequent yr, carving off its cable operations from its streaming service. File
| Picture Credit score: Reuters

Warner Bros. Discovery will cut up into two public firms by subsequent yr, carving off its cable operations from its streaming service.

Warner Bros. Discovery stated Monday (June 9, 2025) that Streaming & Studios will embrace Warner Bros. Tv, Warner Bros. Movement Image Group, DC Studios, HBO, and HBO Max, in addition to their movie and tv libraries.

The International Networks firm will embrace CNN, TNT Sports activities within the U.S., and Discovery, prime 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 International Networks. Each 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 should compete most successfully in right now’s evolving media panorama,” Mr. Zaslav stated in a press release.

The cut up is predicted to be accomplished by the center of subsequent yr. It nonetheless wants closing approval from the Warner Bros. Discovery board.