Warner Bros. Discovery To Split Into Two Companies For Cable, Streaming

Warner Bros. Discovery has announced plans to split into two separate publicly traded companies by mid-2026, separating its legacy cable operations from its streaming and studio businesses, Michelle Chapman reported for the Associated Press (AP).

The strategic separation is aimed at allowing each business to focus on its core strengths amid a rapidly evolving media landscape. I Photo: Warner Bros. Discovery Facebook

The new Streaming & Studios entity will include Warner Bros. Television, Warner Bros. Motion Picture Group, DC Studios, HBO, and HBO Max, along with a vast library of film and television content.

The second company, Global Networks, will house CNN, TNT Sports, Discovery’s international free-to-air channels, Discovery+, and Bleacher Report.

Current CEO David Zaslav will head the Streaming & Studios division, while CFO Gunnar Wiedenfels will lead Global Networks. Both executives will remain in their current roles until the split is finalized.

The strategic separation is aimed at allowing each business to focus on its core strengths amid a rapidly evolving media landscape marked by streaming growth, declining cable subscriptions, and intensifying global competition.