In June 2025, Warner Bros. Discovery Inc.
(“WBD”) revealed that it would
separate its Global Networks division from its Streaming and
Studios division. WBD's Streaming and Studios division
includes its television and movie studios (Warner Bros. Television,
Warner Bros. Motion Picture Group, HBO, DC Studios, etc.), its
streaming platform (HBO Max) and its vast media library.
WBD's Global Networks division includes its global linear
cable network properties such as CNN, TNT Sports, TBS, HGTV, Food
Network and Discovery. The Global Networks division also
encompasses several free-to-air channels across Europe and digital
products such as Discovery+ and Bleacher
Report. The separation would result in Global Networks being spun
off into its own publicly traded company, Discovery Global, in Q3
2026.
