Archive · 10 Jun 2025
Warner Bros. Discovery Splits into Two Publicly Traded Companies
Warner Bros.
Discovery (WBD), the company behind HBO and CNN, is splitting into two separate companies.
One company will focus on streaming and movie studios like HBO Max and DC Studios, run by David Zaslav.
The other will handle TV networks like CNN, led by Gunnar Wiedenfels.
The split aims to help the company better compete in the streaming world, which is facing tough competition.
Investors and analysts have mixed opinions, but the split is expected to be done by mid-2026.
Warner Bros. Discovery is splitting into two publicly traded companies.
The split separates streaming and studio operations from TV networks.
David Zaslav will lead the streaming and studios unit.
Gunnar Wiedenfels will head the networks unit.
The separation is expected to be completed by mid-2026.
- Who
- Warner Bros. Discovery
- What
- WBD is splitting into two publicly traded companies.
- When
- By mid-2026
- Where
- N/A
- Why
- To better compete in the streaming era
Investor Concerns
Company Strategy
Future Outlook
Investor Concerns
Analysts express concerns over the split's effectiveness.
Company Strategy
Some analysts anticipate more media sector deals may follow the split.
- Company Involved
- Warner Bros. Discovery (WBD)
- Action
- Company Split
- Completion Date
- Mid-2026 (expected)
- Streaming & Studios CEO
- David Zaslav
- Networks Unit CEO
- Gunnar Wiedenfels
- Debt held by
- Global Networks Company
Sources
Warner Discovery splits cable from marquee streaming, studio businesses
Warner Bros Discovery to separate studios and streaming in two-way split
Warner Bros. Discovery To Split Into Two Companies; Streaming & Studios Will Separate From Global Networks
Warner Bros Discovery To Split Streaming, Studio & Cable Units By 2026
Warner Bros. Discovery stock in focus on Wall Street after firm announces split, shares up 6.8% in pre-market Nasdaq
Warner Bros. Discovery to split into two companies, dividing cable, streaming services