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Warner Bros. Discovery Split: What Will Happen to the Movie Studios, HBO Max, Cable Networks and Other Businesses?
Here's a breakdown of what Warner Bros. Discovery's two entities would look like following the split, expected to be completed by mid-2026.
The other will be “WBD Global Networks,” home to CNN, TNT, TBS and more, largely comprising linear TV businesses that have suffered declines in revenue and profitability. The split, according to WBD chief David Zaslav, will give each company “sharper focus and strategic flexibility they need to compete most effectively in today’s evolving media landscape” — including potential M&A options. U.S. general and lifestyle entertainment networks including TNT, TBS, Turner Classic Movies, OWN, HGTV, Food Network, TLC, Discovery Channel, Animal Planet, Cartoon Network and Adult Swim CNN, including CNN International and CNN’s forthcoming subscription streaming service Discovery+ streaming service TNT Sports U.S. including rights with MLB, NCAA Division I Men’s Basketball Championship, NHL, United States Soccer Federation, Unrivaled, Nascar, Roland-Garros, NCAA Big 12 Football and Men’s Basketball, and NCAA Big East Men’s and Women’s Basketball Bleacher Report (B/R) and House of Highlights (under TNT Sports) Eurosport.com, Golf Digest (under TNT Sports)
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