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From now on, the “Streaming & Studios” company will be Warner Bros., while the “Global Networks” company will be Discovery Global, both with new leadership confirmed.

La primera incluirá a Warner Bros Television, Warner Bros Motion Picture Group, DC Studios, HBO, HBO Max y sus catálogos de cine y TV; mientras que la segunda abarcará sus marcas de entretenimiento, deportes y noticias en todo el mundo.

The company will separate its business units into Streaming & Studios (Warner Bros. Television, Warner Bros. Motion Picture Group, DC Studios, HBO, and HBO Max) and Global Networks (CNN, TNT Sports in the U.S., and Discovery, top free-to-air channels across Europe, Discovery+, and Bleacher Report).

WBD’s streaming business has incredible momentum, turning around its profitability by almost $3B in just two years and scaling globally with 22M subscribers added over the past year, with a clear path to over 150M+ by the end of 2026.

Streaming revenue rose 8% to $2.66 billion, with adjusted EBITDA reaching $339 million in Q1. The studio segment saw an 18% revenue drop, driven by underperforming titles and a 27% decline in content revenue.