The first of these two companies is tentatively dubbed "Streaming & Studios," though it will almost certainly maintain the Warner Bros. name. This company will comprise Warner Bros. Television, Warner Bros. Motion Picture Group, DC Studios, HBO and the streaming service HBO Max, along with these brands' existing film and television libraries.

Warner Bros. Discovery plans to mostly separate its cable channels, including CNN, from its streaming portfolio. © 2025 American City Business Journals. All rights reserved. Use of and/or registration on any portion of this site constitutes acceptance of our User Agreement (updated August 13,

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.