Why Warner Bros. Discovery is splitting into two and what this means
Warner Bros. Discovery will split into two separate public companies by mid-2026, focusing on streaming /studios and global networks respectively, amid the ongoing shift from cable to streaming.
David Zaslav will oversee the streaming and studios business (including HBO Max), while Gunnar Wiedenfels will head the global networks company (including CNN, TNT, and Discovery).
The separation aims to allow each company to leverage its strengths, pursue investment opportunities, and enhance shareholder value in the evolving media landscape.
This move mirrors Comcast's earlier spin-off of its cable assets into a separate entity, Versant, signaling a broader trend of restructuring among media giants facing cord-cutting challenges.
The split follows WBD's earlier restructuring plan to separate its linear networks and streaming units, and comes as Zaslav has been focused on reducing the company's debt, a move that has faced internal criticism.
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