Warner Bros. Discovery to split into two independent public companies

Warner Bros. Discovery announced on Monday that it will separate into two distinct publicly traded companies, a sweeping restructuring move aimed at unlocking the full potential of its diverse media portfolio.

According to a corporate statement cited by international media, the company plans to reorganize its assets into two specialized entities. One will encompass the company's entertainment powerhouses—including Warner Bros. Television, Warner Bros. Motion Picture Group, DC Studios, HBO, and the HBO Max streaming platform.

The second company will take charge of Warner Bros. Discovery’s television assets, including prominent US networks like CNN and TNT Sports, as well as European free-to-air channels and digital platforms such as Discovery+ and Bleacher Report.

As part of the transition, Warner Bros. Discovery said it would secure a $17.5 billion loan, which is expected to be recapitalized ahead of the formal split.