
Warner Bros. Discovery to split into two companies, dividing cable and streaming services
NEW YORK — Warner Bros. Discovery will split into two public companies by next year, calving off its cable operations from its streaming service.
Warner Bros. Discovery said Monday that Streaming & Studios will include Warner Bros. Television, Warner Bros. Motion Picture Group, DC Studios, HBO, and HBO Max, as well as their film and television libraries.
The Global Networks company will include CNN, TNT Sports in the U.S., and Discovery, top free-to-air channels across Europe, and digital products such as the Discovery+ streaming service and Bleacher Report.
Warner Bros. Discovery CEO David Zaslav will serve as CEO of Streaming & Studios. Gunnar Wiedenfels, chief financial officer of Warner Bros. Discovery, will serve as CEO of Global Networks. Both will continue in their current roles until the separation.
The split is expected to be completed by the middle of next year.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Bloomberg
38 minutes ago
- Bloomberg
Jamie Dimon Says Wells Fargo's Asset Cap Was ‘Grossly Unfair'
Wells Fargo & Co. 's Federal Reserve-imposed asset cap that restricted its size for more than seven years was 'grossly unfair,' said Jamie Dimon, longtime boss of its biggest rival. 'They went through a long, arduous road to get out of that thing,' JPMorgan Chase & Co. 's chief executive officer said at a conference Tuesday. 'Punishment should fit the crime, not be something you don't understand at all.'


New York Times
38 minutes ago
- New York Times
Lee Corso's final ‘College GameDay' to come at Ohio State in Week 1
Lee Corso's final mascot headgear pick for 'College GameDay' will come at Ohio State, where it all began. ESPN's flagship college football show will go to Columbus, Ohio, in Week 1, where the Buckeyes will face Texas in what is expected to be a top-five matchup. ESPN said in April that the 89-year-old Corso would retire after Week 1 of the upcoming season, giving him a celebratory sendoff, but it did not name the location. There was some speculation the show could go to the Florida State-Alabama game, as Corso played at FSU in the 1950s alongside actor Burt Reynolds (and because Ohio State-Texas will be broadcast on Fox). 📍 Week 1: Columbus, OH We're kicking off College GameDay with a trip to Texas-Ohio State, as we celebrate Lee Corso's final show back where he first made headgear history! 🤩 — College GameDay (@CollegeGameDay) June 10, 2025 But the show will send Corso off where the headgear picks began. While Corso has been on the show since its inception in 1987, his first mascot pick came at Ohio State in 1996 for the Buckeyes' game against Penn State. Corso has made 430 headgear picks, from Buckeyes to animals to helmets to full-on costumes. He's correctly picked 66.5 percent of those choices, according to ESPN, including a perfect 11-0 in 1999. Brutus Buckeye has been the most popular pick, chosen 45 times, with Alabama just behind at 38. 'When it was our game, I was always hoping he didn't pick us,' Nick Saban said in April, 'because I knew the players were watching and I wanted reverse rat poison.' Coach Lee Corso by the numbers 🤯 🐻 430 mascot headgear picks🏈 66.5% win rate of picks all-time🏆 Perfect season = 1999 More on LC's 38 years on @CollegeGameDay: — ESPN PR (@ESPNPR) April 17, 2025 'My family and I will be forever indebted for the opportunity to be part of ESPN and 'College GameDay' for nearly 40 years,' Corso said in a news release in April. 'I have a treasure of many friends, fond memories and some unusual experiences to take with me into retirement.'


CBS News
39 minutes ago
- CBS News
Sacramento Railyards soccer stadium plan faces key city council vote
A key Sacramento city council vote deciding the future of Republic FC's new soccer stadium is set for Tuesday. Plans for Republic FC's new home, an expandable 12,000-seat facility, can't come to life without figuring out how to cover infrastructure in the area – things like roadways, pedestrian bike lanes, and traffic lights that the city estimates will to cost north of $90 million. Tuesday's vote will be to approve a special tax district that the city is looking to use to cover the cost. "I think this one is a good investment. We're not investing, subsidizing the stadium," said Sacramento Mayor Kevin McCarty. The Railyards development will cost an estimated $321 million at least, according to city numbers, with most of it privately funded, like Republic FC's stadium and the area around it. Developers of the project – including Indomitable Ventures, formed by Republic FC – would pay for the infrastructure costs up front, then be reimbursed through funds generated by the special tax district. "We're subsidizing the infrastructure by giving a return on property taxes that but for this project wouldn't be generated anyways," McCarty said. If approved by the council, the deal would commit the city to paying more than $90 million to the project developers in the form of future tax revenue from the soccer stadium and central shops. McCarty says construction would start this year if the plan passes. The stadium is planned to be opened by 2027.