David Zaslav, president and CEO of Warner Bros. Discovery, will be attending the Milken Institute Global Conference 2025, held in Beverly Hills, California, USA on May 7, 2025.
Mike Blake | Reuters
Warner Bros Discovery On Monday, the company name and leadership team for the two future businesses announced that the company is preparing to split it in mid-2026.
The streaming and studio division is called “Warner Bros.”. And that global network segment is named “Discovery Global.”
Warner Bros. will house movie properties, including DC Studios and its streaming service HBO MAX. Meanwhile, Discovery Global includes entertainment, sports and news networks such as US CNN, TNT Sports, Discovery, The Discovery+ Streaming Service, and Bleacher Report.
“Over the past few years, we have made significant advances across our business, launching and investing in profitable global streaming services, reinvigorating our studios and returning to our leading position in the industry.”
The company announced last month a split as WBD attempted to navigate the industry-wide change in consumer viewing habits from traditional cable to streaming. The spinoff creates two publicly traded businesses following a similar move Comcast In the coming months, we will split cable assets, including CNBC.
The new name announced by Warner Bros. Discovery is a callback to two entities that existed before the company merged. This is WarnerMedia and Discovery, Inc., which completed the transaction in 2022. is.
WBD has also announced top executives in both divisions, including 13 leaders from Warner Bros. and 16 leaders from Discovery Global. Zaslav leads Warner Bros., with current Warner Bros Discovery CFO Gunnar Wiedenfels becoming CEO of Discovery Global.
“With our unparalleled portfolio of Storytelling IPs, we are now an incredible creative partner and an executive team of proven, bold, committed, creative and corporate leaders, we continue to launch and grow meaningfully the company that is worthy of Streed’s past,” Zaslav said.
Disclosure: Comcast NBCuniversal is the parent company of CNBC.
