Warner Bros. Discovery

American mass media and entertainment conglomerate

Warner Bros. Discovery, Inc.

Logo used from 2022

Company type| Public

Traded as

* Nasdaq: WBD (Series A)
* Nasdaq-100 component
* S&P 500 component[1]

ISIN| US9344231041
Industry|

* Media
* Entertainment

Predecessors|

* WarnerMedia
* Discovery, Inc.

Founded| April 8, 2022; 3 years ago (2022-04-08)
Headquarters| 230 Park Avenue South,

New York City, New York

United States

Area served

| Worldwide

Key people

* Samuel DiPiazza (chairman)
* David Zaslav (president and CEO)
* John C. Malone (chairman emeritus)

Revenue|  US$39.32 billion (2024)

Operating income

|  US$−10.03 billion (2024)

Net income

|  US$−11.31 billion (2024)
Total assets|  US$104.6 billion (2024)
Total equity|  US$34.04 billion (2024)
Owner| Advance Publications (3.97%)[2]

Number of employees

| 35,000 (2024)
Divisions|

* Streaming and Studios
* Global Linear Networks

Subsidiaries| List of assets owned by Warner Bros. Discovery
Website| wbd.com
Footnotes / references
[3]

Warner Bros. Discovery, Inc. (WBD) is an American multinational mass media and entertainment conglomerate headquartered in New York City. It was formed from WarnerMedia's spin-off by AT&T and merger with Discovery, Inc. on April 8, 2022.

The company's properties are divided into two divisions: Streaming & Studios—which consists of the flagship Warner Bros. studios, HBO, DC Entertainment, and the company's streaming services among other properties, and Global Linear Networks—which largely consists of advertising-supported cable networks inherited from its predecessors Discovery (such as Discovery Channel among others), Scripps Networks Interactive (such as HGTV among others), and Turner Broadcasting System (such as Cartoon Network, CNN, TBS, and TNT among others). Warner Bros. Discovery International is also included in the division, which oversees WBD's broadcasting operations outside of the United States.

## Background

[edit]

Main articles: WarnerMedia and Discovery, Inc.

### 1923–1979

[edit]

2019–2022 WarnerMedia logo

Warner Bros., Turner Broadcasting System, Scripps Networks Interactive and Discovery, Inc. have conjoined histories. Warner Bros. was founded on April 4, 1923, by four brothers, Harry, Albert, Sam, and Jack Warner. The company established itself as a leader in the American film industry[4] before diversifying into animation, television, and video games and is one of the "Big Five" American film studios, as well as a member of the Motion Picture Association (MPA). In 1965, Turner Broadcasting System was founded by Ted Turner and based in Atlanta, Georgia. A year later, Kinney National Company came into existence and it reincorporated as Warner Communications in 1972 before merging with Time Inc. in 1990 to become Time Warner. During its time as Warner Communications, the company made a number of further acquisitions.[5][6]

### 1979–1996

[edit]

In 1979, Warner Communications formed a joint venture with credit card company American Express called Warner-Amex Satellite Entertainment. American Express acquired a 50% stake in Warner Communications' cable television holdings for $175 million.[7][8] This company owned such cable channels as MTV, Nickelodeon, The Movie Channel, and VH1 (which was launched in 1985 on the channel space left by Turner's Cable Music Channel). Warner Communications bought out American Express's half in 1984 and sold the venture a year later to the original iteration of Viacom, which renamed it MTV Networks (now known as Paramount Media Networks).[9] In 1982, Warner Communications purchased Popular Library from CBS Publications. Meanwhile in the same year, Cable Education Network was founded, launching The Discovery Channel three years later and was renamed to Discovery Communications in 1994.

### 1996–2021

[edit]

Time Warner acquired Turner Broadcasting System in 1996, allowing it to reenter the cable industry. In 2001, it merged with America Online (AOL) to form AOL Time Warner in 2001, but the merger proved disastrous, with the media company reverting to its former name, Time Warner, in 2003.[10]

Time Warner spun off its cable division (later known as Spectrum owned by Charter Communications), AOL (now owned by Yahoo! Inc.) in 2009, and Time Inc. was spun out in 2013, which was later acquired by Meredith Corporation and is now known as Dotdash Meredith.[11][12]

In 2018, Discovery Communications and AT&T acquired Scripps Networks Interactive (a 2008 spun off from E. W. Scripps Company's cable division)[13] and Time Warner, and were renamed to Discovery, Inc. and WarnerMedia respectively. In 2019, AT&T, WarnerMedia's new parent company, integrated its assets into Warner's business divisions as part of its reorganization of its media assets, effectively breaking up Turner Broadcasting System.[14]

## History

[edit]

### Formation and beginning of operations (2021–2022)

[edit]

The company's initial wordmark logo

On May 16, 2021, Bloomberg News reported that AT&T was considering an offer to divest equity interest in their media subsidiary WarnerMedia (the former Time Warner, which AT&T acquired in 2018 for just over $85 billion in an attempt to become a vertically integrated media conglomerate), and have it merge with Discovery, Inc. to form a new publicly traded company.[15][16] AT&T and Discovery officially confirmed the agreement the next day; the merger would be structured as a Reverse Morris Trust, with AT&T shareholders holding a 71% interest in the new company's stock and appointing seven board members, and Discovery shareholders holding a 29% interest and appointing six board members. AT&T would receive US$43 billion in cash and debt from the divestment. The merger was expected to be completed in mid-2022.[17][18][19]

The new company would be led by Discovery's current CEO, David Zaslav; WarnerMedia's CEO Jason Kilar's position in the new company was uncertain.[17] Zaslav stated that the two companies would spend a combined US$20 billion annually on content (outpacing even Netflix). The company will aim to expand their streaming services, which includes WarnerMedia's HBO Max, to reach 400 million global subscribers.[18] It was stated that the company would aim to achieve $3 billion in cost savings via synergies within two years.[20]

On June 1, 2021, it was announced that the merged company would be known as Warner Bros. Discovery, and an interim wordmark was unveiled with the tagline "The stuff that dreams are made of"—a quote from the 1941 Warner Bros. film The Maltese Falcon, itself paraphrasing Shakespeare's The Tempest. Zaslav explained that the company aimed to be the "most innovative, exciting and fun place to tell stories in the world", and would combine Warner Bros.' "fabled hundred-year legacy of creative, authentic storytelling and taking bold risks to bring the most amazing stories to life" with Discovery's "integrity, innovation and inspiration."[21][22]

In an SEC Filing on November 18, 2021, Discovery revealed that talks with AT&T had fallen through, in April 2021, due to disagreements over the ownership of the new company between AT&T and Discovery shareholders, and the amount of debt transferred to Discovery when they merged with WarnerMedia, before talks resumed on May 17, 2021.[23]

In November 2021, during an earnings call, Discovery Streaming CEO JB Perrette discussed possible options for its Discovery+ streaming service post-merger, including bundling the service with HBO Max and eventually merging them under a single platform with a mixture of both companies' technologies. He also noted that WBD may prioritize launching Discovery+ and HBO Max as a unified platform in markets where Discovery+ has yet to launch, such as another parts of the Asia-Pacific.[24] On March 14, 2022, Discovery CFO Gunnar Wiedenfels—who would assume the same position post-merger—confirmed that such a transition was a long-term goal.[25]

On December 22, 2021, the transaction was approved by the European Commission.[26][27] On January 5, 2022, The Wall Street Journal reported that WarnerMedia and Paramount Global (at the time named ViacomCBS) were exploring a possible sale of either a majority stake or all of The CW, and that Nexstar Media Group was considered a leading bidder.[28] The reports also indicated that WarnerMedia and ViacomCBS could include a contractual commitment that would require any new owner to buy new programming from those companies, allowing them to reap some continual revenue through the network.[29] The CW's then-president-and-CEO Mark Pedowitz confirmed talks of a potential sale in a memo to CW staffers, but added that "It's too early to speculate what might happen."[30][31]

On January 26, 2022, AT&T CEO John Stankey stated that the merger was expected to close sometime during the second quarter of 2022.[32][33] On February 1, 2022, it was reported that AT&T had finalized the structure of the merger: WarnerMedia would be spun off pro rata to AT&T's shareholders, and then merge into Discovery Inc. to form the new company.[34][35] The transaction was approved by the Brazilian antitrust regulator Cade on February 7,[36] followed by the United States Department of Justice on February 9.[37] On March 11, 2022, the merger was approved by Discovery's shareholders. Due to the structure of the merger, it did not require separate approval from AT&T shareholders.[38][39]

Textless version of the Warner Bros. Discovery logo.[40] It is based on the 1999 variant of the 1998 Warner Bros. Pictures on-screen logo.

In an SEC filing on March 25, 2022, AT&T stated that two-way trading of WBD stock with that of AT&T would begin on April 4, 2022, and that a special dividend would be issued the next day to give AT&T shareholders a 0.24 share in WBD for each share of AT&T common stock they hold.[41][42] The merger was officially completed on April 8, 2022, with trading beginning on the Nasdaq on April 11.[43] At this time the company unveiled its final logo, designed by Chermayeff & Geismar & Haviv, which features a rendition of Warner Bros.' long-time shield logo.[44]

The combined company retained several top executives from WarnerMedia, including film and television heads Toby Emmerich and Channing Dungey, and HBO and HBO Max chief content officer (CCO) Casey Bloys. Most of the company's top executive roles are filled by their Discovery counterparts, including Gunnar Wiedenfels as Warner Bros. Discovery's chief financial officer (CFO), JB Perrette as president and CEO of global streaming and interactive, and Discovery's chief lifestyle brands officer Kathleen Finch—whose role has been expanded to cover most of the combined company's U.S. linear networks, besides CNN (which was taken over by Chris Licht, replacing the outgoing Jeff Zucker), Magnolia Network (which reports to Bloys, after having previously reported directly to Zaslav under Discovery), and the Turner Sports unit (which would be overseen by the newly formed Warner Bros. Discovery Sports division).[45][46][47]

In an introductory town hall featuring Oprah Winfrey as host, Zaslav stated that the combined company would need to have "one culture" that "starts with people feeling safe, people feeling valued for who they are", as opposed what he described as a culture of internal competition between WarnerMedia's businesses.[48] He also expected that "investment avoidance" via the consolidation of redundant business units (such as streaming) and staff would be one of the main ways that the company would achieve its promised $3 billion in cost savings.[49] On April 21, 2022, Licht and Perrette announced the shutdown of CNN's streaming service CNN+, which had only launched two weeks prior to the completion of the merger; the new leadership considered it to be incompatible with their goal of a unified streaming service for all WBD properties.[50][51][52]

In an investors' call on April 26 (concurrent with the first quarter earnings reports for Discovery Inc., its last prior to the merger), Zaslav contrasted the company's streaming businesses with those of Netflix (whose stock saw a decline after a quarterly loss in subscribers), describing Warner Bros. Discovery as being a "far more balanced and competitive company" that would "invest at scale smartly" and not "overspend" on growth and that its streaming businesses would complement its linear television. He stated that HBO Max had "meaningful subscriber churn", and that the planned merger of it with Discovery+ would help to reduce it by offering a broader array of content.[53] It was reported that the company had also suspended scripted development at TBS and TNT, to evaluate their strategies moving forward.[54] The following day, Zaslav purchased approximately $1 million worth of WBD stock.[55]

On May 11, 2022, Warner Bros. Discovery eliminated several executive positions carried over from WarnerMedia, including Kids, Young Adults and Classics head Tom Ascheim, and general manager of TBS, TNT, and TruTV head Brett Weitz. These networks would be overseen by Finch as head of U.S. Networks, while the studios under the Kids, Young Adults and Classics division (Warner Bros. Animation, Cartoon Network Studios, Williams Street and Hanna-Barbera Studios Europe) was moved under Warner Bros. Television.[56][57][58] The same day, it announced an agreement with British telecom company BT Group for it to contribute its BT Sport channels into a 50/50 joint venture with its UK Eurosport channels, and eventually merge them.[59][60]

On June 1, 2022, Warner Bros. Pictures head Toby Emmerich announced that he would step down and establish a new studio, which will be funded by and have an exclusive, five-year distribution deal with Warner Bros. Pictures.[61] Warner Bros. Pictures was then divided into three business units with their own leadership: former MGM executives Michael De Luca and Pamela Abdy became the co-chairs of Warner Bros. Pictures and New Line Cinema, and temporarily oversaw the DC Films and Warner Animation Group units.[61][62] Eight days later, WBD named former Discovery and Univision executive Luis Silberwasser as chairman of Sports.[63][64] In July 2022, Alan Horn rejoined Warner Bros. as a consultant.[65]

WBD delivered its second-quarter earnings report on August 4, 2022. Ahead of the report, the company performed multiple cuts to HBO Max throughout July and early-August, including cutting new programming development in much of Europe,[66] live-action children's programming development,[67] and direct-to-streaming films—leading to the notable August 3 cancellations of the nearly completed films Batgirl and Scoob! Holiday Haunt as tax write-offs, and the quiet removals of multiple HBO Max original films from the platform and its upcoming releases.[68]

In the second quarter of 2022, WBD took $9.8 billion in revenue and a net loss of $2.2 billion pro forma, primarily from integration and restructuring expenses. The company took $825 million in write-offs on "content impairments and development".[69][70] The company confirmed cuts to children's programming development,[71] and abandoned the production of direct-to-streaming films for HBO Max—with Zaslav arguing that they lacked economic value and impact in comparison to theatrical releases. WBD renewed its contracts with Bloys and other key HBO executives, with Zaslav praising his performance as chief content officer.[72] Zaslav stated that a "10-year plan" was in development for DC Films, modeled after those of Marvel Studios,[73][74] while Perrette stated that the planned merger of Discovery+ and HBO Max would occur by summer 2023 in the United States, with other markets to follow.[75]

HBO subsequently faced a reorganization on August 15 to dismantle most of HBO Max's autonomous units, with HBO Max's head of comedy Suzanna Makkos now reporting to HBO's head of comedy Amy Gravitt, and layoffs within HBO Max's non-scripted, live-action family entertainment, international originals, and casting units, as well as HBO's acquisitions unit.[76][77] HBO Max also continued to remove and cancel some of its lesser-viewed original programming, particularly family-oriented and animated series.[78][79]

On August 15, 2022, Nexstar confirmed to another report by WSJ in June that it would buy a 75% controlling interest in The CW; WBD and Paramount would each retain a 12.5% ownership interest in the network.[80][81] Nexstar stated that Mark Pedowitz would remain chairman and CEO of the network. WBD and Paramount would still produce content for The CW as the network's main content suppliers, but Nexstar stated that the arrangement would be for the 2022–23 broadcast season, and it was given "the option to extend the partnership."[81][82] As the transaction did not need any regulatory approval (unlike the "Big Four" networks, The CW does not own any of its stations), Nexstar immediately took over the network's operations.[83]

In September 2022, WBD became the subject of a proposed class-action lawsuit by one of its shareholders, alleging that WarnerMedia was overinvesting in streaming content "without sufficient concern for return on investments", and had overstated the number of HBO Max subscribers by at least 10 million by counting inactivated subscriptions bundled with AT&T services—thus misleading investors in violation of the Securities Act. It also alleged that Discovery executives failed to warn investors that WarnerMedia's prospectus contained misleading statements.[84][85]

On September 28 during a company town hall, Zaslav addressed speculation that WBD was pursuing a possible sale as early as 2024, stating that they were "absolutely not for sale", and "have everything we need to be successful."[86][87] On October 11, Warner Bros. Television Group laid off 82 employees and eliminated 43 vacant positions as part of a restructuring that primarily impacts their unscripted and animation units. The restructuring saw the consolidation of Warner Horizon and Telepictures' creative operations, and the consolidation of Cartoon Network Studios' and Warner Bros. Animation's development and production teams (with the two studios remaining separate labels with their own distinct output).[88]

On October 3, 2022, Nexstar closed its deal to acquire a controlling interest in The CW. Mark Pedowitz resigned from his position as the network's chairman and CEO, with Dennis Miller stepping in as the president of The CW.[89]

In October 2022, it was announced that filmmaker James Gunn and producer Peter Safran would serve as the co-CEO and co-chairmen of DC Films which rebranded as DC Studios moving forward. The duo has signed a four-year deal that will oversee the production of films, television, and animation under the DC label. The pair will report directly to Zaslav, while also working alongside but independently with other members of the studio. Gunn will oversee creative development on DC projects, while Safran will oversee the business aspect.[90] During an earnings report in November 2022, it was announced that the launch of WBD's streaming service had been moved up to spring 2023.[91] Max was unveiled April 12, 2023.[92] In December 2022, CNN announced cutbacks and a reorganization to prioritize its "core" operations, resulting in sister channel HLN being brought under the auspices of Investigation Discovery and abandoning its remaining original live news programming.[93][94]

### Turnover, cutbacks and restructuring (2023–2025)

[edit]

In January 2023, WBD announced licensing agreements with the free ad-supported streaming television (FAST) services The Roku Channel and Fox Corporation's Tubi, featuring library content from Discovery, TLC, HGTV, Food Network, Warner Bros. Pictures, Warner Bros. Television, and HBO (including some of the series that were pulled from HBO Max earlier).[95][96]

On February 8, 2023, The Wall Street Journal reported that WBD had amended its plans to merge Discovery+ with HBO Max, with HBO Max's successor slated to include "most" Discovery content, and Discovery+ remaining operational to retain its subscriber base, and provide an alternative option for customers not interested in the higher-priced unified service.[97] On February 24, WBD CEO David Zaslav confirmed the change of plans during an earnings call, saying that Discovery+ has "profitable subscribers that are very happy with the product offering".[98]

In early-June 2023, Chris Licht was fired from CNN.[99][100] On June 20, 2023, WBD underwent a round of layoffs affecting around 100 employees in the U.S. Networks division, most notably including multiple Turner Classic Movies (TCM) executives such as Pola Changnon (who had been with Turner for over 25 years). WBD announced plans to place the channel under Cartoon Network head Michael Ouweleen.[101] It was also reported that WBD was preparing a deal to sell half of the published music catalog of Warner Bros. Entertainment (which consists primarily of music composed for its films and television series, and is currently being administered by Universal Music Publishing Group) for around $500 million.[102] Amid concerns over the future of TCM, Martin Scorsese, Steven Spielberg, and Paul Thomas Anderson met with Zaslav, and on June 23 it was announced that the channel would be placed under Warner Bros. Pictures Group heads Michael De Luca and Pamela Abdy—who both affirmed the cultural significance of TCM and pledged to keep its programming "untouched and protected".[103][104][105]

In December 2023, Warner Bros. Discovery announced the purchase of Turkish streaming platform BluTV, with operations in the MENA region.[106][107] On February 16, 2024, RedBird Capital Partners (via its United Arab Emirates-backed partnership RedBird IMI) announced its intent to acquire All3Media—a WBD joint venture with Liberty Global—for £1.15 billion.[108] The acquisition was completed on May 16, 2024.[109] WBD had previously announced an intent to sell its stake in the company to British broadcaster ITV plc,[110] but the company declined.[111][112]

In April 2024, Warner Bros. Discovery New Zealand announced that it would shut down its news department Newshub (which produced bulletins for its free-to-air channel Three) in July 2024, citing declining local advertising revenue.[113][114] Newshub would be supplanted by a partnership with local media company Stuff, which launched an evening newscast under the ThreeNews banner using its resources and former Newshub staff.[115][116][117] In July 2024, CNN CEO Mark Thompson announced 100 employees would be laid off as part of a larger strategy to consolidate and integrate its television and digital operations.[118] A week later, a smaller number of WBD employees at Max and in production, business affairs, and finance were also let go.[119]

On July 24, 2024, the NBA officially announced new media rights agreements with Disney (ESPN and ABC), NBCUniversal (NBC and Peacock), and Amazon Prime Video beginning in the 2025–26 season, ending a nearly 36-year association between the NBA and TNT. WBD had attempted to invoke a condition in its contract allowing it to match offers made by competitors (with the company, in particular, targeting the package sold to Amazon), but the league argued that it did not sufficiently match Amazon's offer. WBD threatened legal action, claiming that the NBA had "grossly misinterpreted our contractual rights".[120]

In August 2024, WBD reported that it had lost $10 billion in the second quarter of 2024, relating to continued losses from its direct-to-consumer segment and the devaluation of its linear television assets.[121]

In November 2024, WBD agreed to a legal settlement with the NBA. The settlement included access to NBA highlights at no additional cost for Bleacher Report and House of Highlights and allowed for WBD, under its TNT Sports division, to continue operating NBA TV and NBA.com for the NBA. The agreement also included live game rights for select international territories in Nordic Europe and South America. In a separate agreement with Disney, WBD agreed to a deal to move its NBA studio show Inside the NBA to ESPN and ABC (with TNT Sports continuing to produce the program), in exchange for ESPN sublicensing Big 12 college football and basketball games to TNT Sports.[122][123][124][125]

On March 24, 2025, WBD announced that it would be buying a 30% minority stake in Dubai-based OSN Streaming Limited for $57 million.[126]

In mid July 2025, WBD confirmed it would sell its New Zealand assets including the Three TV channel and ThreeNow streaming service to the New Zealand media company Sky Network Television, effective August 1, 2025.[127][128]

### Proposed company separation into Warner Bros. and Discovery Global (2025–present)

[edit]

On July 18, 2024, it was reported by the Financial Times that Zaslav and WBD executives had been discussing the possibility of breaking up the company, so that WBD's unprofitable linear television networks could be insulated from its more profitable studio and direct-to-consumer businesses.[129][130] On December 12, 2024, WBD announced plans to reorganize its studios, networks and direct-to-consumer/streaming divisions in mid-2025. These businesses would be reorganized into two units: "Streaming & Studios"—which would include Warner Bros., HBO, and Max, and "Global Linear Networks". Zaslav stated that the new structure would enable greater flexibility and "potential future strategic opportunities".[131]

On May 8, 2025, CNBC's David Faber reported that WBD was "moving towards" the possibility of divesting its Global Linear Networks division as an independent company, following the lead of NBCUniversal's similar plan to spin off most of its cable networks as a new Comcast-controlled public company known as Versant.[132][133] The plans were officially announced on June 9, 2025,[134] with WBD later announcing on July 28 that the two companies would be known as Warner Bros. and Discovery Global respectively.[135] Zaslav stated that "by operating as two distinct and optimized companies in the future, we are empowering these iconic brands with the sharper focus and strategic flexibility they need to compete most effectively in today’s evolving media landscape".[136][137][138]

Warner Bros. will include the Warner Bros. film, television, and video game studios, DC Entertainment, HBO and HBO Max, and TCM. Discovery Global will be led by current WBD CFO Gunnar Wiedenfels, and include assets such as WBD's linear television brands and Discovery+; assets such as Cartoon Network Studios will remain with the Warner Bros. Television Group, while Warner Bros. International Television Production (except Hanna-Barbera Studios Europe) will contrarily go to Discovery Global. Sports rights would be diffused between the two companies, with TNT Sports US assets going to Discovery Global, and TNT Sports in the UK and Ireland going to Warner Bros. The transactions are expected to be completed in mid-2026; the split is being structured to be tax-free, while Discovery Global will assume Warner Bros.' debt.[134][139][140][137]

## Assets

[edit]

For a more comprehensive list, see list of assets owned by Warner Bros. Discovery and list of libraries owned by Warner Bros. Discovery.

Warner Bros. Discovery consists of two primary business divisions:[47]

* Warner Bros. Discovery Streaming & Studios consists of assets including Warner Bros. Entertainment and its units, Warner Bros. Theatre Ventures, Warner Bros. Discovery Home Entertainment, Turner Entertainment Co., The Wolper Organization, WaterTower Music and Warner Bros. Studio Operations.
* Warner Bros. Motion Picture Group consists of the company's filmed entertainment and theatrical entertainment businesses, including Warner Bros. Pictures, New Line Cinema, Warner Bros. Pictures Animation and Castle Rock Entertainment. The division is led by former MGM executives Michael De Luca and Pamela Abdy.
* Warner Bros. Television Group consists of domestic and international network of television production companies, including the flagship Warner Bros. Television label, Telepictures, Alloy Entertainment, Warner Bros. Animation, Cartoon Network Studios, Williams Street and Warner Horizon Unscripted Television. The division is also responsible for 12.5% of The CW along with the CBS Entertainment Group unit of Paramount Skydance Corporation and Turner Classic Movies. The division is led by Channing Dungey.
* Warner Bros. Discovery Streaming manages the operations of the company's direct-to-consumer platforms, online brands and gaming businesses, including the streaming services HBO Max, the video game publisher Warner Bros. Games, and the now-defunct digital media company Rooster Teeth. It also houses Home Box Office, Inc., the parent company of the HBO and Cinemax premium television services and production studios.
* Warner Bros. Discovery Global Experiences manages Warner Bros. theme parks and studio tours. Additional business segments include divisions responsible for Global Content Distribution (Warner Bros. Worldwide Television Distribution), and Advertising Sales.[141]
* DC Entertainment oversees DC Comics and Mad. It works with other WBD units and delves into those units within their flagship DC Universe franchise.
* DC Studios oversees DC Comics and is the film and series production sites of WBD for DC media in the new film and series franchise DC Universe. The division is led by James Gunn and Peter Safran.
* Warner Bros. Discovery Global Linear Networks consists of the company's linear cable networks in the United States and international countries, including streaming service Discovery+, television networks such as Discovery Channel, TLC, Animal Planet, Oprah Winfrey Network, Investigation Discovery, Food Network and Cooking Channel, HGTV, TBS, TNT, TruTV, Cartoon Network/Adult Swim/Cartoonito, and Boomerang. The division is also led by Channing Dungey.
* CNN Worldwide operates the CNN news channel and other global broadcast news assets owned by Warner Bros. Discovery, including various international CNN branches and HLN. The division is led by Mark Thompson.
* TNT Sports is the brand name used for sports-related divisions of the company. The American division manages the company's domestic broadcast sports businesses, including MLB Network, NBA TV, and the sports media website Bleacher Report and previously AT&T SportsNet until it shut down in 2023, while the European division handles Warner Bros. Discovery's international sports operations, including Eurosport and TNT Sports UK, and the sports division of Warner Bros. Discovery in Latin America, Warner Bros. Discovery Sports Latin America which owns the sports channel TNT Sports LATAM which replaces Esporte Interativo. Both divisions are led by Luis Silberwasser.
* Warner Bros. Discovery International focuses on local and regional variations that pipelined with global market through operations for its domestic television channels, including region-specific operations such as TVN Group in Poland and Three in New Zealand, as well as responsible for the distribution of linear networks from CNN Worldwide and TNT Sports, including Eurosport. The division is led by Gerhard Zeiler. It is split into four regional hubs: Warner Bros. Discovery Asia-Pacific, Warner Bros. Discovery EMEA, TVN Warner Bros. Discovery (Poland),[142] and Warner Bros. Discovery Americas.

## Leadership

[edit]

Board of Directors[143]

* Samuel A. DiPiazza Jr. (Chair)
* Richard W. Fisher
* Paul A. Gould
* Debra L. Lee
* Joey Levin
* Anton Levy
* Kenneth W. Lowe
* John C. Malone (Chair Emeritus)
* Fazal Merchant
* Anthony Noto
* Paula A. Price
* Daniel E. Sanchez
* Geoffrey Y. Yang
* David Zaslav

Executives[143]

* David Zaslav, President and CEO
* Pamela Abdy and Michael De Luca, Co-Chair and CEO Warner Bros. Motion Picture Group
* Priya Aiyar, Chief Legal Officer
* Casey Bloys, Chairman and CEO, HBO and Max Content
* Bruce Campbell, Chief Revenue and Strategy Officer
* Channing Dungey, Chairman and CEO, Warner Bros. Television Group and US Networks
* Robert Gibbs, Chief Communications and Public Affairs Officer
* Amy Girdwood, Chief People and Culture Officer
* James Gunn and Peter Safran, Co-Chairman and CEO of DC Studios
* JB Perrette, CEO and President, Global Streaming and Games
* Asif Sadiq, Chief Inclusion Officer
* Avi Saxena, Chief Technology Officer
* Luis Silberwasser, Chairman and CEO of TNT Sports
* Mark Thompson, Chairman and CEO, CNN Worldwide
* Gunnar Wiedenfels, Chief Financial Officer
* Dave Duvall, Chief Information Officer
* Lori Locke, Chief Accounting Officer
* Gerhard Zeiler, President, International

|

## References

[edit]

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## External links

[edit]

* Official website
* Business data for Warner Bros. Discovery:

* Google
* Reuters
* SEC filings
* Yahoo!

* v
* t
* e

Warner Bros. Discovery

Executives|

| Board of directors|

* Samuel DiPiazza (Chairman)
* David Zaslav (CEO)
* Robert Bennett
* Li Haslett Chen
* Richard Fisher
* Paul Gould
* Debra Lee
* John C. Malone
* Fazal Merchant
* Paula Price
* Geoff Yang

|

Senior management|

* David Zaslav (President and CEO)
* Michael De Luca
* Pamela Abdy
* Channing Dungey
* Casey Bloys
* Kathleen Finch
* Sir Mark Thompson
* JB Perrette
* Gerhard Zeiler
* David Decker

Facilities|

* Warner Bros. Studios
* Burbank
* Leavesden

Streaming &
Studios|

| Streaming|

* Discovery+
* HBO Go
* HBO Max
* original programming
* Player.pl

|

Warner Bros.|

| Motion
Picture Group|

* Warner Bros. Pictures
* New Line Cinema
* Warner Bros. Pictures Animation
* Castle Rock Entertainment
* Discovery Films
* Spyglass Media Group (minority)
* Flagship Entertainment Group (49%)

|

Television
Group|

* Warner Bros. Television
* Warner Horizon Unscripted Television
* Telepictures
* A Very Good Production
* Alloy Entertainment
* Blue Ribbon Content
* Cartoon Network Studios
* Williams Street
* Warner Bros. Animation
* Warner Bros. International Television Production
* Netherlands
* UK
* Ricochet
* Twenty Twenty Television
* Wall to Wall
* Hanna-Barbera Studios Europe
* Spain
* Australia
* CN LA Original Productions

Games|

* Avalanche Software
* Cartoon Network Games
* Monolith Productions
* NetherRealm Studios
* Player First Games
* Portkey Games
* Rocksteady Studios
* TT Games
* Traveller's Tales
* WB Games Boston
* WB Games Montréal

Other units|

* Warner Bros. Discovery Home Entertainment
* Studio Distribution ServicesJV
* Warner Bros. Theatre Ventures
* WaterTower Music
* Fandango Media (25% with NBCUniversal)
* Ritmo 95.7JV
* Turner Entertainment Co.
* Wolper Organization

DC|

* DC Comics
* DC Black Label
* DC's Young Animal
* Milestone Media
* WildStorm
* DC Universe Infinite
* DC Studios
* Mad

Home Box
Office, Inc.|

| U.S. services|

* HBO (Multiplex)
* Cinemax (Multiplex)

|

International|

* Asia
* HBO Family
* HBO Hits
* HBO Signature
* Cinemax
* Brazil
* Canada
* Europe
* Cinemax Central Europe
* New Zealand

Ventures|

* HBO Films
* HBO Documentary Films

Global
Experiences|

* Consumer Products
* Themed Entertainment
* Warner Bros. Movie World
* Parque Warner Madrid
* Warner Bros. World Abu Dhabi
* Studio Tours
* Hollywood
* London
* The Wizarding World of Harry Potter
* Harry Potter: The Exhibition

Global
Linear
Networks|

* The Cartoon Network, Inc.
* Television Food Network, G.P. (69%)

United
States|

| Factual and
Lifestyle|

* American Heroes Channel
* Animal Planet
* Discovery Channel
* Discovery en Español
* Discovery Life
* Food NetworkJV
* Cooking Channel
* HGTV
* Hogar de HGTV
* Magnolia NetworkJV
* Oprah Winfrey Network (95%)

|

Entertainment|

* Destination America
* HLN
* Investigation Discovery
* Science Channel
* TBS
* TCM
* TLC
* TNT
* Travel Channel
* TruTV

Kids and Family|

* Boomerang
* Cartoon Network
* Adult Swim
* Adult Swim Games
* Toonami
* Cartoonito
* brand
* Discovery Family (60%)
* Discovery Familia

TNT Sports|

* Bleacher Report
* NBA TV
* MLB Network (16.67%)
* Golf Digest
* Golf World

Broadcast TV &
FAST channels|

* The CW (12.5%)
* The CW Plus
* CW Seed
* Free TV NetworksJV
* The365
* Outlaw
* Dare (50%)
* VCR Action
* VCR Haha
* WBTV
* Watchlist
* Keeping It Real
* All Together
* Sweet Escapes
* Paws & Claws
* Slice of Life
* Welcome Home
* At the Movies
* How To
* Supernatural
* Crime Series
* Mysteries
* Love & Marriage
* Family Rules
* Cartoon Rewind

CNN
Global|

| United States|

* CNN
* CNN Business
* CNN en Español

|

International|

* CNN-News18
* CNN Türk
* CNN International
* EMEA
* Asia-Pacific
* South Asia
* Licensed
* A2 CNN
* Antena 3 CNN
* CNN Chile
* CNN Brazil
* CNN Indonesia
* CNN Philippines (defunct)
* CNN Portugal
* CNN Prima News
* N1

Other properties|

* CNN Headlines
* CNN Fast
* Production
* CNN Films

Asia-
Pacific|

| Pan-Asia|

* Animal Planet
* Asian Food Network
* Cartoon Network
* Cartoonito
* Discovery Asia
* Discovery Channel
* Discovery Science
* DMAX
* Eurosport Asia Pacific
* EVE
* Food Network
* TLC
* Travel Channel

|

East Asia|

* Cartoon Network
* Japan
* Korea
* Taiwan
* Cartoonito Korea
* Mondo TV (Japan)
* Tabi Channel

South Asia|

* Cartoon Network
* India
* HD+
* Pakistan
* Pogo
* Animal Planet India
* Discovery Channel India
* HGTV India
* Travel Channel
* Food Network
* DTamil India
* Discovery Science India
* Discovery Turbo India
* Discovery Kids India
* Eurosport India
* Investigation Discovery
* TLC India

Southeast Asia|

* Boomerang Thailand
* Cartoon Network
* Asia
* Philippines
* Cartoonito Asia
* Cinemax Asia
* HBO Asia
* Family
* Hits
* Signature
* World Heritage Channel
* Warner TV

Australasia|

* Animal Planet
* Discovery
* Discovery Turbo
* Investigation Discovery
* TLC
* Australia
* 9Rush (co-owned with Nine)
* New Zealand
* Cartoon Network
* HBO
* Living

EMEA|

| France|

* Boomerang
* Cartoon Network
* Cartoonito
* Discovery Channel
* Discovery Investigation
* Eurosport
* 1
* 2
* TCM Cinéma
* TLC
* Warner TV
* Warner TV Next

|

Germany,
Benelux & CEE|

* Animal Planet
* Germany
* Netherlands & Flanders
* Cartoon Network
* Central & Eastern Europe
* Western Europe
* Cartoonito
* Discovery
* Flanders
* Germany
* Hungary
* Netherlands
* Romania
* CIS
* Discovery Science
* Netherlands
* DMAX (Germany)
* Eurosport
* 1
* 2
* 2 Xtra
* HGTV
* Netherlands
* Investigation Discovery
* Tele 5 (Germany)
* TLC
* Germany
* MENA
* Netherlands
* Romania
* Warner TV
* Czech Republic
* Germany
* Comedy
* Film
* Serie
* Romania
* Travel Channel

Italy|

* Boing
* Boomerang
* Cartoon Network
* Cartoonito
* Discovery Channel
* DMAX
* Eurosport
* 1
* 2
* Frisbee
* Giallo
* K2
* Motor Trend
* Nove
* Real Time
* Warner TV

Scandinavia|

* Animal Planet
* Cartoon Network
* Cartoonito
* Discovery
* Denmark
* Finland
* Sweden
* Norway
* Eurosport
* 1
* 2
* Discovery Science
* TLC
* Sweden
* Norway
* Travel Channel
* Denmark
* 6'eren
* Canal 9
* Kanal 4
* Kanal 5
* Max
* Finland
* Frii
* Kutonen
* TV5
* Kanal 5
* Kanal 9
* Kanal 11
* Norway
* FEM
* REX
* Travel Channel
* TVNorge
* VOX
* Sweden
* Kanal 5
* Kanal 9
* Kanal 11

Iberia|

* Boing Spain
* Cartoon Network Portugal
* Cartoonito Portugal
* Discovery
* Portugal
* Spain
* DMAX Spain
* HGTV
* Portugal
* Investigation Discovery
* Portugal
* TCM Spain
* Warner TV Spain

UK and Ireland|

* Adult Swim
* Animal Planet
* Boomerang
* Cartoon Network
* Cartoonito
* Discovery
* Discovery History
* Discovery Science
* Discovery Turbo
* DMAX
* Eurosport 1
* Eurosport 2
* Food Network
* HGTV
* Investigation Discovery
* Quest
* Quest Red
* Really
* TLC
* TNT Sports
* TNT Sports 4
* TNT Sports Box Office

Turkey|

* Cartoon Network
* Cartoonito
* DMAX
* Eurosport 1
* Eurosport 2
* TLC

MENA|

* Asharq Discovery
* Boing (Africa)
* Cartoon Network
* Africa
* Arabic
* Hindi
* MENA
* Cartoonito
* Toonami (Africa)
* TNT Africa
* Warner TV

Poland|

| TVN Group|

* TVN
* TVN 7
* TVN24
* TVN24 BiS
* TVN Fabuła
* iTVN
* iTVN Extra
* TVN Style
* TVN Turbo
* TTV

|

Other channels|

* Food Network
* HGTV
* Travel Channel
* Discovery
* Discovery Science
* Animal Planet
* TLC
* Discovery Life
* ID
* DTX
* Discovery Historia
* Metro
* Eurosport 1
* Eurosport 2
* HBO
* HBO 2
* HBO 3
* Cinemax
* Cinemax 2
* Warner TV
* Cartoon Network
* Cartoonito

Americas|

| Canada
(licenced)|

* Animal Planet
* Adult Swim
* Boomerang
* Cartoon Network
* Cooking Channel
* Discovery Channel
* Discovery Science
* Discovery Velocity
* Food Network
* HGTV
* HBO
* Investigation Discovery
* Magnolia Network

|

Latin America,
Caribbean
and Brazil|

* Adult Swim
* Cartoon Network
* Cartoonito
* Cinemax
* Discovery
* Home & Health
* Kids
* Science
* Theater HD
* Turbo
* World HD
* Food Network
* Golf Channel
* HBO
* +
* 2
* Brasil
* Caribbean
* Family
* Mundi
* Pop
* Signature
* Xtreme
* HGTV
* HTV
* ID
* Space
* TCM
* TLC
* TNT
* Novelas
* Series
* TNT Sports
* Argentina
* Brazil
* Chile
* Mexico
* Tooncast
* Warner TV

Predecessors|

* Time Warner / WarnerMedia
* Kinney National Company
* Time Inc.
* AOL
* Turner Broadcasting System
* Discovery, Inc.
* Discovery Holding Company
* Scripps Networks Interactive

Former units|

| from
Warner Bros.|

* Crunchyroll
* DramaFever
* eleveneleven
* Hooq (17.5%)
* In2TV
* Midway Games
* New Line Home Entertainment
* Infinifilm
* Outright Distribution
* QuibiJV
* Rooster Teeth (Global Streaming & Interactive Entertainment)
* Shed Productions
* Snowblind Studios
* Stage 13
* Surreal Software
* The WB
* The WB 100+ Station Group
* Warner Premiere
* Raw Feed
* Warner Bros. Family Entertainment
* Warner Bros. Global Kids, Young Adults and Classics
* Warner Independent Pictures
* DC Universe
* Warner Max
* Watershed Television
* Yalli Productions

|

from Turner|

* Audience Network
* AT&T SportsNet
* Root Sports Northwest (29%)
* Pittsburgh
* SportsNet Rocky Mountain
* Southwest
* Boomerang (Australia)
* Boomerang (Latin America)
* Cable Music Channel
* Cartoon Network Too
* CNN+
* CNN+ (Channel)
* CNNfn
* CNNSI
* CNN Airport
* CNX
* FilmStruck
* Game Show Network (42%)
* Great Big Story
* Hulu (10%)
* iStreamPlanet
* LazyTown Entertainment
* Oh!K
* Retro
* Super Deluxe
* Studio T
* Toonami Channel (Asia)
* Toonami India
* Toonami UK
* TNT Sweden
* TCM South East Asia
* TCM Northern Europe
* Turner Program Services
* Turner South
* WB Channel
* Woohoo (Brazil)
* Universal Wrestling Corporation
* WPCH-TV

from HBO|

* Festival
* HBO Boxing Pay-Per-View
* HBO Defined (India)
* HBO Downtown Productions
* HBO en Español
* HBO España
* HBO Hits
* HBO Home Entertainment
* HBO Independent Productions
* HBO Latin America Group
* HBO Netherlands
* HBO Nordic
* HBO Now
* HBO NYC Productions
* HBO Portugal
* Red by HBO
* Take 2
* Time Life Television

from
Discovery
& Scripps|

* All3MediaJV
* 3netJV
* 7food network
* Animal Planet Italy
* Canal 8 Sport
* Canal+ DiscoveryJV (Poland)
* Discovery Channel Radio
* Discovery Civilization
* Discovery Digital Networks
* Discovery Family (France)
* Discovery Geschichte
* Discovery Health Channel
* Discovery Home & Health
* Southeast Asia
* UK & Ireland
* Discovery Kids
* Australia
* Canada
* Southeast Asia
* United Kingdom
* Discovery Kids on NBC
* Discovery Networks
* CEEMEA
* Northern Europe
* Discovery People
* Discovery Real Time
* France
* UK and Ireland
* Discovery Shed
* Discovery Showcase HD
* Discovery Travel & Living Europe
* Discovery Turbo Asia
* Discovery Wings
* Discovery World Europe
* DKids
* Dplay
* Eurosport 360°
* Eurosport 2 Xtra Portugal
* Eurosport DK
* Eurosport News
* Eurosport Pluss (Norway)
* Fine Living Europe
* FitTV
* Focus
* Food Network New Zealand
* FYI Canada
* GB News (minority)
* Great American Country
* Good Food
* GolfTV
* GXT
* Joyn
* PixL
* Quest Arabiya
* Ready Set Learn!
* SBS Radio Nordic
* Setanta Sports Asia
* VivoltaJV (France)

See also|

* AT&T
* Advance Publications
* List of libraries owned by Warner Bros. Discovery

* v
* t
* e

Companies of the Nasdaq-100 index

* Adobe
* ADP
* AMD
* Airbnb
* Alphabet
* Amazon
* AEP
* Amgen
* Analog Devices
* Apple
* Applied Materials
* AppLovin
* Arm
* ASML
* AstraZeneca
* Atlassian
* Autodesk
* Axon
* Baker Hughes
* Biogen
* Booking Holdings
* Broadcom
* Cadence
* CDW
* Charter Communications
* Cintas
* Cisco
* Coca-Cola Europacific Partners
* Cognizant
* Comcast
* Constellation Energy
* Copart
* CoStar
* Costco
* CrowdStrike
* CSX
* Datadog
* Dexcom
* Diamondback Energy
* DoorDash
* Electronic Arts
* Exelon
* Fastenal
* Fortinet
* GE HealthCare
* Gilead
* GlobalFoundries
* Honeywell
* Idexx Laboratories
* Intel
* Intuit
* Intuitive Surgical
* Keurig Dr Pepper
* KLA
* Kraft Heinz
* Lam Research
* Linde
* Lululemon
* Marriott International
* Marvell
* Mercado Libre
* Meta
* Microchip
* Micron
* Microsoft
* MicroStrategy
* Mondelez International
* Monster Beverage
* Netflix
* Nvidia
* NXP
* O'Reilly Auto Parts
* Old Dominion
* onsemi
* Paccar
* Palantir
* Palo Alto Networks
* Paychex
* PayPal
* PDD Holdings
* PepsiCo
* Qualcomm
* Regeneron
* Roper Technologies
* Ross Stores
* Shopify
* Starbucks
* Synopsys
* Take-Two Interactive
* T-Mobile US
* Tesla
* Texas Instruments
* Thomson Reuters
* Trade Desk
* Verisk
* Vertex
* Warner Bros. Discovery
* Workday
* Xcel Energy
* Zscaler

Authority control databases |

* Yale LUX

|

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