Warner Bros. Discovery to Split into Two Public Companies by 2026
Warner Bros. Discovery plans to separate its cable operations from its streaming services, creating two distinct entities by mid-2026 to enhance operational focus.
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Overview
Warner Bros. Discovery will split into two public companies by mid-2026, separating its cable operations from its streaming services.
The split will create one company focusing on streaming and studios, including HBO Max and Warner Bros. Television.
Gunnar Wiedenfels will lead the new Global Networks entity, while David Zaslav will head the Streaming & Studios company.
This restructuring comes amid declining revenues and a significant drop in WBD's stock value since the merger.
The move reflects a broader trend in the media industry as companies adapt to changing market conditions and consumer preferences.