Warner Bros. Discovery is Separating TV Networks from Streaming and Studio

Warner Bros. Discovery is Separating TV Networks from Streaming and Studio

CNN has announced that its parent company, Warner Bros. Discovery , is ready to split. The entertainment company has decided to unmerge the merger that came up between " Warner Bros. " and " Discovery ". The merger birthed Warner Bros. Discovery in 2022. The split will birth two publicly traded companies by mid-2026, separating its streaming and studio operations from its cable television networks. The company explains that it'll isolate Discovery+ , Bleacher Reporter , and Warner’s TV channels (which includes CNN , TNT , and TBS ) from part of the company's Streaming & Studios department. While the ones isolated will be under newly created company called " Global Networ k", the Film Studios and Streaming Services of the company will remain under Warner Bros., the department that will house Warner Bros ., HBO , DC Studios , and Max under the control and supervision of the current CEO David Zaslav . The Global Networks will be led by CFO Gunnar Wiedenfels , and Wa…