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'Evolving Media Landscape': Warner Bros. Discovery Is Separating Into 2 Companies. Here's What We Know.

Erin Davis

created: June 9, 2025, 3:13 p.m. | updated: June 10, 2025, 3:01 p.m.

Warner Bros. Warner Bros. "Streaming & Studios" will consist of Warner Bros. Television, Warner Bros. Motion Picture Group, DC Studios, HBO, and HBO Max. The other entity, "Global Networks," will include CNN, TNT Sports in the U.S., Discovery, the Discovery+ streaming service, and Bleacher Report (B/R). Warner Bros.

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