Warner Bros. Discovery, Inc. (WBD) is an American
multinational mass media
Mass media refers to a diverse array of media technologies that reach a large audience via mass communication. The technologies through which this communication takes place include a variety of outlets.
Broadcast media transmit information ...
and
entertainment
Entertainment is a form of activity that holds the attention and interest of an audience or gives pleasure and delight. It can be an idea or a task, but is more likely to be one of the activities or events that have developed over thousa ...
conglomerate headquartered at 230
Park Avenue South
Park Avenue is a wide New York City boulevard which carries north and southbound traffic in the boroughs of Manhattan and the Bronx. For most of the road's length in Manhattan, it runs parallel to Madison Avenue to the west and Lexington Avenu ...
in
New York City
New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...
. It was formed after the
spin-off of
WarnerMedia
Warner Media, LLC ( traded as WarnerMedia) was an American multinational mass media and entertainment conglomerate. It was headquartered at the 30 Hudson Yards complex in New York City, United States.
It was originally established in 1972 by ...
by
AT&T
AT&T Inc. is an American multinational telecommunications holding company headquartered at Whitacre Tower in Downtown Dallas, Texas. It is the world's largest telecommunications company by revenue and the third largest provider of mobile tel ...
, and its merger with
Discovery, Inc.
Discovery, Inc. was an American multinational mass media factual television conglomerate (company), conglomerate based in New York City. Established in 1985, the company operated a group of factual television, factual and lifestyle television bra ...
on April 8, 2022.
The company's properties are divided into nine business units, including the flagship
Warner Bros.
Warner Bros. Entertainment Inc. (commonly known as Warner Bros. or abbreviated as WB) is an American film and entertainment studio headquartered at the Warner Bros. Studios complex in Burbank, California, and a subsidiary of Warner Bros. D ...
film
A film also called a movie, motion picture, moving picture, picture, photoplay or (slang) flick is a work of visual art that simulates experiences and otherwise communicates ideas, stories, perceptions, feelings, beauty, or atmosphere ...
and
television
Television, sometimes shortened to TV, is a telecommunication medium for transmitting moving images and sound. The term can refer to a television set, or the medium of television transmission. Television is a mass medium for advertisin ...
studios,
comic book
A comic book, also called comicbook, comic magazine or (in the United Kingdom and Ireland) simply comic, is a publication that consists of comics art in the form of sequential juxtaposed panels that represent individual scenes. Panels are of ...
publisher
DC Entertainment
DC Entertainment is an American entertainment company that was founded in September 2009 and was based in Burbank, California. The company is a subsidiary of Warner Bros. Discovery that manages its DC Comics units and characters in other units, ...
,
Home Box Office, Inc.
Home Box Office, Inc. (HBO) is an American multinational media and entertainment company operating as a unit of Warner Bros. Discovery.
Founded by Charles Dolan and based out of WarnerMedia's former corporate headquarters at the 30 Hudson Yar ...
(which includes
HBO
Home Box Office (HBO) is an American premium television network, which is the flagship property of namesake parent subsidiary Home Box Office, Inc., itself a unit owned by Warner Bros. Discovery. The overall Home Box Office business unit is ba ...
), U.S. Networks (which includes the majority of the ad-supported cable networks of its predecessors, including Discovery,
Scripps Networks
Katz Broadcasting, LLC, doing business as Scripps Networks, is an American specialized digital multicasting network media company and a subsidiary of E. W. Scripps Company. The company owns (as of 2022) nine television networks that each carry ...
,
Turner Broadcasting
Turner Broadcasting System, Inc. (alternatively known as Turner Entertainment Networks from 2019 until 2022) was an American television and media conglomerate. Founded by Ted Turner and based in Atlanta, Georgia, it merged with Time Warner (lat ...
, and Warner),
CNN
CNN (Cable News Network) is a multinational cable news channel headquartered in Atlanta, Georgia, U.S. Founded in 1980 by American media proprietor Ted Turner and Reese Schonfeld as a 24-hour cable news channel, and presently owned by the M ...
,
Sports
Sport pertains to any form of competitive physical activity or game that aims to use, maintain, or improve physical ability and skills while providing enjoyment to participants and, in some cases, entertainment to spectators. Sports can, th ...
(which includes
Motor Trend Group
Motor Trend Group, LLC, formerly known as Source Interlink Media and TEN: The Enthusiast Network, is a media company that specializes in enthusiast brands, such as ''Motor Trend'', ''Hot Rod'', and ''Roadkill''. Headquartered in New York City, i ...
,
AT&T SportsNet
AT&T Sports Networks, LLC (ATTSN) is a group of regional sports networks in the United States that primarily own and operate AT&T Sports Networks (founded in 2009, as Liberty Sports Holdings, later DirecTV Sports Networks, LLC). It is owned by W ...
, TNT Sports, and
Eurosport
Eurosport is a group of pay television networks in Europe and parts of Asia. Owned by Warner Bros. Discovery through Warner Bros. Discovery Sports#Warner Bros. Discovery Sports Europe properties, its international sports unit, it operates two ...
, among others), Global Streaming & Interactive Entertainment (which includes the
Discovery+
Discovery may refer to:
* Discovery (observation), observing or finding something unknown
* Discovery (fiction), a character's learning something unknown
* Discovery (law), a process in courts of law relating to evidence
Discovery, The Discover ...
and
HBO Max
HBO Max is an American subscription video on-demand over-the-top streaming service owned by Warner Bros. Discovery. Launched in the United States on May 27, 2020, the service is built around the libraries of HBO, Warner Bros., Cartoon Netw ...
streaming services, and video game publisher
Warner Bros. Interactive Entertainment
Warner Bros. Interactive Entertainment (WBIE; also known as Warner Bros. Games or WB Games) is an American video game publisher based in Burbank, California, and part of the newly-formed Global Streaming and Interactive Entertainment unit of ...
), and International Networks. It also holds a minority stake in
The CW
''The'' () is a grammatical article in English, denoting persons or things already mentioned, under discussion, implied or otherwise presumed familiar to listeners, readers, or speakers. It is the definite article in English. ''The'' is the m ...
and a majority stake in the
Food Network
Food Network is an American basic cable channel owned by Television Food Network, G.P., a joint venture and general partnership between Warner Bros. Discovery Networks (which holds a 69% ownership stake of the network) and Nexstar Media Group ...
(including its spin-off network
Cooking Channel
Cooking Channel is an American basic cable channel owned by Food Network, a joint venture and general partnership between Warner Bros. Discovery Networks (69%) and Nexstar Media Group (31%). The channel is a spin-off of Food Network, broadcasting p ...
), all of which are alongside
Nexstar Media Group
Nexstar Media Group, Inc. is an American publicly traded media company with headquarter offices in Irving, Texas; Midtown Manhattan; and Chicago, Illinois. The company is the largest television station owner in the United States, owning 197 te ...
, and the former alongside
Paramount Global
Paramount Global (doing business as Paramount) is an American multinational mass media and entertainment conglomerate owned and operated by National Amusements (79.4%) and headquartered at One Astor Plaza in Midtown Manhattan, New York. I ...
.
Background
Warner Bros.
Warner Bros. Entertainment Inc. (commonly known as Warner Bros. or abbreviated as WB) is an American film and entertainment studio headquartered at the Warner Bros. Studios complex in Burbank, California, and a subsidiary of Warner Bros. D ...
,
Turner Broadcasting System
Turner Broadcasting System, Inc. (alternatively known as Turner Entertainment Networks from 2019 until 2022) was an American television and media conglomerate. Founded by Ted Turner and based in Atlanta, Georgia, it merged with Time Warner (lat ...
,
Scripps Networks Interactive
Scripps Networks Interactive, Inc. (SNI) was an American mass media company, which was formed on July 1, 2008, and acquired by and merged into Discovery Communications on March 6, 2018. It was formed in 2008, through the spin-off of the E. W. ...
and
Discovery, Inc.
Discovery, Inc. was an American multinational mass media factual television conglomerate (company), conglomerate based in New York City. Established in 1985, the company operated a group of factual television, factual and lifestyle television bra ...
have conjoined histories over the years. Warner Bros. was founded in 1923 by four brothers,
Harry
Harry may refer to:
TV shows
* ''Harry'' (American TV series), a 1987 American comedy series starring Alan Arkin
* ''Harry'' (British TV series), a 1993 BBC drama that ran for two seasons
* ''Harry'' (talk show), a 2016 American daytime talk show ...
,
Albert
Albert may refer to:
Companies
* Albert (supermarket), a supermarket chain in the Czech Republic
* Albert Heijn, a supermarket chain in the Netherlands
* Albert Market, a street market in The Gambia
* Albert Productions, a record label
* Alber ...
,
Sam, and
Jack Warner, the company established itself as a leader in the American
film
A film also called a movie, motion picture, moving picture, picture, photoplay or (slang) flick is a work of visual art that simulates experiences and otherwise communicates ideas, stories, perceptions, feelings, beauty, or atmosphere ...
industry before diversifying into
animation
Animation is a method by which image, still figures are manipulated to appear as Motion picture, moving images. In traditional animation, images are drawn or painted by hand on transparent cel, celluloid sheets to be photographed and exhibited ...
,
television
Television, sometimes shortened to TV, is a telecommunication medium for transmitting moving images and sound. The term can refer to a television set, or the medium of television transmission. Television is a mass medium for advertisin ...
, and
video games
Video games, also known as computer games, are electronic games that involves interaction with a user interface or input device such as a joystick, game controller, controller, computer keyboard, keyboard, or motion sensing device to gener ...
and is one of the
"Big Five" major American
film studio
A film studio (also known as movie studio or simply studio) is a major entertainment company or motion picture company that has its own privately owned studio facility or facilities that are used to make films, which is handled by the production ...
s, as well as a member of the
Motion Picture Association
The Motion Picture Association (MPA) is an American trade association representing the five major film studios of the United States, as well as the video streaming service Netflix. Founded in 1922 as the Motion Picture Producers and Distribu ...
(MPA). In 1965,
Turner Broadcasting System
Turner Broadcasting System, Inc. (alternatively known as Turner Entertainment Networks from 2019 until 2022) was an American television and media conglomerate. Founded by Ted Turner and based in Atlanta, Georgia, it merged with Time Warner (lat ...
was founded by
Ted Turner
Robert Edward "Ted" Turner III (born November 19, 1938) is an American entrepreneur, television producer, media proprietor, and philanthropist. He founded the Cable News Network (CNN), the first 24-hour United States cable news, cable news ch ...
and based in
Atlanta, Georgia
Atlanta ( ) is the capital and most populous city of the U.S. state of Georgia. It is the seat of Fulton County, the most populous county in Georgia, but its territory falls in both Fulton and DeKalb counties. With a population of 498,715 ...
. A year later,
Kinney National Company
Kinney National Service, Inc. (later known as Kinney Services, Inc.) was an American conglomerate company from 1966 to 1972. Its successors were National Kinney Corporation and Warner Communications, Time Warner, AOL Time Warner, and WarnerMedia ...
came into existence and its media division became
Warner Communications
Warner Media, LLC ( traded as WarnerMedia) was an American multinational mass media and entertainment conglomerate. It was headquartered at the 30 Hudson Yards complex in New York City, United States.
It was originally established in 1972 by ...
before merging with
Time Inc.
Time Inc. was an American worldwide mass media corporation founded on November 28, 1922, by Henry Luce and Briton Hadden and based in New York City. It owned and published over 100 magazine brands, including its namesake ''Time'', ''Sports Illu ...
in 1990 to become Time Warner. During its time as Warner Communications, the company made a number of further acquisitions.
In 1979, Warner formed a joint venture with credit card company
American Express
American Express Company (Amex) is an American multinational corporation specialized in payment card services headquartered at 200 Vesey Street in the Battery Park City neighborhood of Lower Manhattan in New York City. The company was found ...
called
Warner-Amex Satellite Entertainment
Paramount Media Networks (formerly known as Warner Cable Communications, Warner-Amex Satellite Entertainment, MTV Networks, Viacom Media Networks, and ViacomCBS Domestic Media Networks) is an American mass media division of Paramount Global tha ...
. This company owned such cable channels as
MTV
MTV (Originally an initialism of Music Television) is an American cable channel that launched on August 1, 1981. Based in New York City, it serves as the flagship property of the MTV Entertainment Group, part of Paramount Media Networks, a di ...
,
Nickelodeon
Nickelodeon (often shortened to Nick) is an American pay television television channel, channel which launched on April 1, 1979, as the first cable channel for children. It is run by Paramount Global through its List of assets owned by Param ...
,
The Movie Channel
The Movie Channel (TMC) is an American premium television network owned by Showtime Networks, a subsidiary of Paramount Global operated through its Media Networks unit. The network's programming mainly features first-run theatrically released ...
, and
VH1 (which was launched in 1985 on the channel space left by Turner's
Cable Music Channel
The Cable Music Channel (CMC) was a short-lived American basic cable channel that was owned by the Turner Broadcasting System. The all-music video channel was created by Ted Turner and launched in 1984, providing the first national competitio ...
). Warner bought out American Express's half in 1984 and sold the venture a year later to the
original iteration of Viacom, which renamed it
MTV Networks
Paramount Media Networks (formerly known as Warner Cable Communications, Warner-Amex Satellite Entertainment, MTV Networks, Viacom Media Networks, and ViacomCBS Domestic Media Networks) is an American mass media division of Paramount Global tha ...
(now known as Paramount Media Networks). In 1982, Warner purchased
Popular Library
Popular Library was a New York paperback book company established in 1942 by Leo Margulies and Ned Pines, who at the time were major pulp magazine and newspaper publishers. The company's logo of a pine tree was a tribute to Pines, and another P ...
from
CBS Publications
Hachette Filipacchi Media U.S., Inc. (HFM U.S.), originally known as CBS Publications, was a subsidiary of Hachette Filipacchi Médias (one of the world's largest magazine publishers), and was based in New York City.
History
It was formed in 19 ...
.
Meanwhile,
Cable Education Network was founded in 1985 and was renamed to Discovery Communications in 1994.
Scripps Networks Interactive
Scripps Networks Interactive, Inc. (SNI) was an American mass media company, which was formed on July 1, 2008, and acquired by and merged into Discovery Communications on March 6, 2018. It was formed in 2008, through the spin-off of the E. W. ...
was founded in 2008 spun off from
E. W. Scripps Company
The E. W. Scripps Company is an American broadcasting company founded in 1878 as a chain of daily newspapers by Edward Willis "E. W." Scripps and his sister, Ellen Browning Scripps. It was also formerly a media conglomerate. The company is he ...
's cable division.
On October 10, 1996, Time Warner acquired the Turner Broadcasting System; but the company later merged with
AOL
AOL (stylized as Aol., formerly a company known as AOL Inc. and originally known as America Online) is an American web portal and online service provider based in New York City. It is a brand marketed by the current incarnation of Yahoo (2017â ...
to form AOL Time Warner in 2001 and reverted back to Time Warner name in 2003. Time Warner spun off
its cable division (later known as
Spectrum
A spectrum (plural ''spectra'' or ''spectrums'') is a condition that is not limited to a specific set of values but can vary, without gaps, across a continuum. The word was first used scientifically in optics to describe the rainbow of colors i ...
owned by
Charter Communications
Charter Communications, Inc., is an American telecommunications and mass media company with services branded as Spectrum. With over 32 million customers in 41 states, it is the second-largest cable operator in the United States by subscribers, ...
) and AOL (now owned by
Yahoo! Inc.) in 2009 and Time, Inc. was spun out in 2013, which was later acquired by
Meredith Corporation
Meredith Corporation was an American media conglomerate based in Des Moines, Iowa, that owned magazines, television stations, websites, and radio stations. Its publications had a readership of more than 120 million and paid circulation of more ...
in January 2018 and is now known as
Dotdash Meredith
Dotdash Meredith (formerly About.com) is an American digital media company based in New York City. The company publishes online articles and videos about various subjects across categories including health, home, food, finance, tech, beauty, l ...
. Discovery Communications acquired Scripps Networks Interactive in March 2018 and was renamed to Discovery, Inc. while
AT&T
AT&T Inc. is an American multinational telecommunications holding company headquartered at Whitacre Tower in Downtown Dallas, Texas. It is the world's largest telecommunications company by revenue and the third largest provider of mobile tel ...
acquired Time Warner that June. In March 2019, AT&T dissolved the Turner Broadcasting System as part of its reorganization of its media assets.
History
Formation (2021–2022)
![Warner Bros](https://upload.wikimedia.org/wikipedia/commons/4/4f/Warner_Bros._Discovery_initial_wordmark.png)
On May 16, 2021,
Bloomberg News
Bloomberg News (originally Bloomberg Business News) is an international news agency headquartered in New York City and a division of Bloomberg L.P. Content produced by Bloomberg News is disseminated through Bloomberg Terminals, Bloomberg Televi ...
reported that
AT&T
AT&T Inc. is an American multinational telecommunications holding company headquartered at Whitacre Tower in Downtown Dallas, Texas. It is the world's largest telecommunications company by revenue and the third largest provider of mobile tel ...
was considering an offer to divest equity interest in their media subsidiary
WarnerMedia
Warner Media, LLC ( traded as WarnerMedia) was an American multinational mass media and entertainment conglomerate. It was headquartered at the 30 Hudson Yards complex in New York City, United States.
It was originally established in 1972 by ...
(the former Time Warner, which AT&T acquired in 2018 for just over $85 billion in an attempt to become a
vertically integrated
In microeconomics, management and international political economy, vertical integration is a term that describes the arrangement in which the supply chain of a company is integrated and owned by that company. Usually each member of the supply ...
media conglomerate
A media conglomerate, media group, or media institution is a company that owns numerous companies involved in mass media enterprises, such as music, television, radio, publishing, motion pictures, theme parks, or the Internet. According to the ...
), and have it merge with
Discovery, Inc.
Discovery, Inc. was an American multinational mass media factual television conglomerate (company), conglomerate based in New York City. Established in 1985, the company operated a group of factual television, factual and lifestyle television bra ...
to form a new publicly traded company. AT&T and Discovery officially confirmed the agreement the next day; the merger would be structured as a
Reverse Morris Trust
A Reverse Morris Trust in United States law is a transaction that combines a divisive reorganization ( spin-off) with an acquisitive reorganization ( statutory merger) to allow a tax-free transfer (in the guise of a merger) of a subsidiary. It may ...
, with AT&T shareholders holding a 71% interest in the new company's stock and appointing seven board members, and Discovery shareholders holding a 29% interest and appointing six board members. AT&T would receive US$43 billion in cash and debt from the divestment. The merger was expected to be completed in mid-2022.
The new company would be led by Discovery's current CEO,
David Zaslav
David Zaslav (born January 15, 1960) is an American media executive who currently serves as the Chief Executive Officer and President of Warner Bros. Discovery. Zaslav spearheaded the transaction between AT&T and Discovery to combine with Warner ...
; WarnerMedia's CEO
Jason Kilar
Jason Alan Kilar (; born April 26, 1971) is an American businessman. He was the CEO of WarnerMedia from May 2020 to April 2022. He was previously an Amazon executive, the founding CEO of the short-lived Vessel, and the CEO of Hulu.
Early life ...
's position in the new company was uncertain.
Zaslav stated that the two companies would spend a combined US$20 billion annually on content (outpacing even
Netflix
Netflix, Inc. is an American subscription video on-demand over-the-top streaming service and production company based in Los Gatos, California. Founded in 1997 by Reed Hastings and Marc Randolph in Scotts Valley, California, it offers a fil ...
). The company will aim to expand their streaming services, which includes WarnerMedia's
HBO Max
HBO Max is an American subscription video on-demand over-the-top streaming service owned by Warner Bros. Discovery. Launched in the United States on May 27, 2020, the service is built around the libraries of HBO, Warner Bros., Cartoon Netw ...
, to reach 400 million global subscribers.
It was stated that the company would aim to achieve $3 billion in cost savings via synergies within two years.
On June 1, 2021, it was announced that the merged company would be known as Warner Bros. Discovery, and an interim
wordmark
__notoc__
A wordmark, word mark, or logotype, is usually a distinct text-only typographic treatment of the name of a company, institution, or product name used for purposes of identification and branding. Examples can be found in the graphic iden ...
was unveiled with the tagline "The stuff that dreams are made of"—a quote from the 1941 Warner Bros. film ''
The Maltese Falcon''. Zaslav explained that the company aimed to be the "most innovative, exciting and fun place to tell stories in the world", and would combine Warner Bros.' "fabled hundred-year legacy of creative, authentic storytelling and taking bold risks to bring the most amazing stories to life" with Discovery's "integrity, innovation and inspiration."
In an
SEC filing
The SEC filing is a financial statement or other formal document submitted to the U.S. Securities and Exchange Commission (SEC). Public companies, certain insiders, and broker-dealers are required to make regular SEC filings. Investors and financi ...
on November 18, 2021, Discovery Inc. revealed that talks with AT&T had fallen through, in April 2021, due to disagreements over the ownership of the new company between AT&T and Discovery shareholders, and the amount of debt transferred to Discovery when they merged with WarnerMedia, before talks resumed on May 17, 2021.
In November 2021, during an earnings call, Discovery Streaming CEO JB Perrette discussed possible options for its
Discovery+
Discovery may refer to:
* Discovery (observation), observing or finding something unknown
* Discovery (fiction), a character's learning something unknown
* Discovery (law), a process in courts of law relating to evidence
Discovery, The Discover ...
streaming service post-merger, including bundling the service with HBO Max and eventually merging them under a single platform with a mixture of both companies' technologies. He also noted that WBD may prioritize launching Discovery+ and HBO Max as a unified platform in markets where Discovery+ has yet to launch, such as another parts of the Asia-Pacific. On March 14, 2022, Discovery CFO Gunnar Wiedenfels—who would assume the same position post-merger—confirmed that such a transition was a long-term goal.
On December 22, 2021, the transaction was approved by the
European Commission
The European Commission (EC) is the executive of the European Union (EU). It operates as a cabinet government, with 27 members of the Commission (informally known as "Commissioners") headed by a President. It includes an administrative body o ...
. On January 5, 2022, ''
The Wall Street Journal
''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published ...
'' reported that WarnerMedia and
Paramount Global
Paramount Global (doing business as Paramount) is an American multinational mass media and entertainment conglomerate owned and operated by National Amusements (79.4%) and headquartered at One Astor Plaza in Midtown Manhattan, New York. I ...
(at the time named ViacomCBS) were exploring a possible sale of either a majority stake or all of
The CW
''The'' () is a grammatical article in English, denoting persons or things already mentioned, under discussion, implied or otherwise presumed familiar to listeners, readers, or speakers. It is the definite article in English. ''The'' is the m ...
, and that
Nexstar Media Group
Nexstar Media Group, Inc. is an American publicly traded media company with headquarter offices in Irving, Texas; Midtown Manhattan; and Chicago, Illinois. The company is the largest television station owner in the United States, owning 197 te ...
(which became The CW's largest affiliate group when it acquired former
WB co-owner
Tribune Broadcasting
Tribune Broadcasting Company, LLC was an American media company which operated as a subsidiary of Tribune Media, a media conglomerate based in Chicago, Illinois. The group owned and operated television and radio stations throughout the United Sta ...
in 2019) was considered a leading bidder. The news led to speculation that, should a sale take place, new ownership could steer the network in a new direction, transforming The CW from a young adult-oriented network into one that featured more unscripted and even national news programming. However, reports also indicated that WarnerMedia and ViacomCBS could include a contractual commitment that would require any new owner to buy new programming from those companies, allowing them to reap some continual revenue through the network. Network president/CEO
Mark Pedowitz
Mark Pedowitz is the former chairman and CEO of The CW. He replaced Dawn Ostroff in 2011, who had been the Head of Entertainment since the network's inception in 2006. Pedowitz oversaw all aspects of The CW, including programming, sales, marketing ...
confirmed talks of a potential sale in a memo to CW staffers, but added that "It's too early to speculate what might happen" and that the network "must continue to do what we do best."
On January 26, 2022, AT&T CEO
John Stankey
John T. Stankey (born 1962) is an American businessman currently serving as CEO of AT&T Inc. and as a member of AT&T Inc.’s board of directors. He previously served as AT&T’s president and COO and was former CEO of WarnerMedia. Stankey led ...
stated that the merger was expected to close sometime during the second quarter of 2022. On February 1, 2022, it was reported that AT&T had finalized the structure of the merger: WarnerMedia would be spun off
pro rata
''Pro rata'' is an adverb or adjective meaning in equal portions or in proportion. The term is used in many legal and economic contexts. The hyphenated spelling ''pro-rata'' for the adjective form is common, as recommended for adjectives by some E ...
to AT&T's shareholders, and then merge into Discovery Inc. to form the new company. The transaction was approved by the Brazilian antitrust regulator
Cade on February 7, followed by the
United States Department of Justice
The United States Department of Justice (DOJ), also known as the Justice Department, is a federal executive department of the United States government tasked with the enforcement of federal law and administration of justice in the United State ...
on February 9. On March 11, 2022, the merger was approved by Discovery's shareholders. Due to the structure of the merger, it did not require separate approval from AT&T shareholders.
Beginning of operations (2022–present)
In an SEC filing on March 25, 2022, AT&T stated that two-way trading of WBD stock with that of AT&T would begin on April 4, 2022, and that a special dividend would be issued the next day to give AT&T shareholders a 0.24 share in WBD for each share of AT&T common stock they hold. The merger was officially completed on April 8, 2022, with trading beginning on the
Nasdaq
The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second ...
on April 11.
At this time the company unveiled its final logo, designed by
Chermayeff & Geismar & Haviv
Chermayeff & Geismar & Haviv (formerly Brownjohn, Chermayeff & Geismar and Chermayeff & Geismar) is a New York City, New York-based Branding agency, branding and graphic design firm. It is currently led by partners Tom Geismar and Sagi Haviv.
...
, which features a rendition of Warner Bros.' long-time shield logo.
The combined company retained several top executives from WarnerMedia, including film and television heads
Toby Emmerich
Toby Emmerich (born February 8, 1963), is an American producer, film executive, and screenwriter. He has been with Warner Bros. for much of his career, and formerly served as the chairman of the Warner Bros. Pictures Group.
Biography
Emmerich w ...
and
Channing Dungey
Channing Nicole Dungey (born March 14, 1969) is an American television executive and the first black American president of a major broadcast television network. In 2020, she was announced as the new chairwoman and CEO of Warner Bros. Television ...
, and HBO and HBO Max chief content officer Casey Bloys. Most of the company's top executive roles are filled by their Discovery counterparts, including Gunnar Wiedenfels as CFO, JB Perrette as president and CEO of global streaming and interactive, and Discovery's chief lifestyle brands officer
Kathleen Finch
HGTV (an initialism for Home & Garden Television) is an American pay television channel owned by Warner Bros. Discovery. The network primarily broadcasts reality programming related to home improvement and real estate. As of February 2015, app ...
—whose role has been expanded to cover most of the combined company's U.S. linear networks, besides
CNN
CNN (Cable News Network) is a multinational cable news channel headquartered in Atlanta, Georgia, U.S. Founded in 1980 by American media proprietor Ted Turner and Reese Schonfeld as a 24-hour cable news channel, and presently owned by the M ...
(which was taken over by
Chris Licht, replacing the outgoing
Jeff Zucker
Jeffrey Adam Zucker (born April 9, 1965) is an American former media executive. Between January 2013 and February 2022, Zucker was the president of CNN Worldwide. Zucker oversaw CNN, CNN International, HLN, and CNN Digital. He was previously C ...
),
Magnolia Network
Magnolia Network is an American basic cable network owned by Warner Bros. Discovery and Chip and Joanna Gaines. It broadcasts personality-based lifestyle programs related to topics such as home construction, renovation, and cuisine.
The channel ...
(which reports to Bloys, after having previously reported directly to Zaslav under Discovery), and the
Turner Sports
Warner Bros. Discovery Sports (WBD Sports) is the division of Warner Bros. Discovery (WBD) that is responsible for sports broadcasting, sports broadcasts on its parent company's various channels in the United States, including TBS (American TV ch ...
unit (which would be overseen by the newly-formed Warner Bros. Discovery Sports division).
In an introductory town hall featuring
Oprah Winfrey
Oprah Gail Winfrey (; born Orpah Gail Winfrey; January 29, 1954), or simply Oprah, is an American talk show host, television producer, actress, author, and philanthropist. She is best known for her talk show, ''The Oprah Winfrey Show'', br ...
as host, Zaslav stated that the combined company would need to have "one culture" that "starts with people feeling safe, people feeling valued for who they are", as opposed what he described as a culture of internal competition between WarnerMedia's businesses. He also expected that "investment avoidance" via the consolidation of redundant business units (such as streaming) and staff would be one of the main ways that the company would achieve its promised $3 billion in cost savings. On April 21, 2022, Licht and Perrette announced the shutdown of CNN's streaming service
CNN+
The Cable News Network (CNN) is a multinational news channel and website headquartered in Atlanta, Georgia, U.S. Founded in 1980 by American media proprietor Ted Turner and Reese Schonfeld as a 24-hour cable news channel, and presently owne ...
, which had only launched two weeks prior to the completion of the merger; the new leadership considered it to be incompatible with their goal of a unified streaming service for all WBD properties.
In an investors' call on April 26 (concurrent with the first quarter earnings reports for Discovery Inc., its last prior to the merger), Zaslav contrasted the company's streaming businesses with those of Netflix (whose stock saw a decline after a quarterly loss in subscribers), describing Warner Bros. Discovery as being a "far more balanced and competitive company" that would "invest at scale smartly" and not "overspend" on growth and that its streaming businesses would complement its linear television. He stated that HBO Max had "meaningful subscriber
churn
Churn may refer to:
* Churn drill, large-diameter drilling machine large holes appropriate for holes in the ground
Dairy-product terms
* Butter churn, device for churning butter
* Churning (butter), the process of creating butter out of mil ...
", and that the planned merger of it with Discovery+ would help to reduce it by offering a broader array of content. It was reported that the company had also suspended scripted development at
TBS and
TNT
Trinitrotoluene (), more commonly known as TNT, more specifically 2,4,6-trinitrotoluene, and by its preferred IUPAC name 2-methyl-1,3,5-trinitrobenzene, is a chemical compound with the formula C6H2(NO2)3CH3. TNT is occasionally used as a reagen ...
, in order to evaluate their strategies moving forward. The following day, Zaslav purchased approximately $1 million worth of WBD stock.
On May 11, 2022, Warner Bros. Discovery eliminated several executive positions carried over from WarnerMedia, including
Kids, Young Adults and Classics head
Tom Ascheim
Tom Ascheim is an American television producer and executive. He most recently served president of Warner Bros. Global Kids, Young Adults and Classics from July 2020 until May 2022. From 1998 to 2003, Ascheim was the general manager of Noggin, whi ...
, and general manager of TBS, TNT, and
TruTV
TruTV (stylized as truTV) is an American basic cable channel owned by Warner Bros. Discovery. The channel primarily broadcasts comedy, docusoaps and reality shows.
The channel was originally launched in 1991 as Court TV, a network that focu ...
head Brett Weitz. These networks will be overseen by Finch as head of U.S. Networks, while the studios under the Kids, Young Adults and Classics division was moved under
Warner Bros. Television
Warner Bros. Television Studios (operating under the name Warner Bros. Television; formerly known as Warner Bros. Television Division) is an American television production and distribution studio of the Warner Bros. Television Group division of ...
. The same day, it announced an agreement with British telecom company
BT Group
BT Group plc (trading as BT and formerly British Telecom) is a British multinational telecommunications holding company headquartered in London, England. It has operations in around 180 countries and is the largest provider of fixed-line, broa ...
for it to contribute its
BT Sport
BT Sport is a group of broadcasting of sports events, pay television sports channels in the United Kingdom and Republic of Ireland, Ireland. Owned by Warner Bros. Discovery Sports#Warner Bros. Discovery Sports Europe properties, Warner Bros. Dis ...
channels into a 50/50 joint venture with its UK
Eurosport
Eurosport is a group of pay television networks in Europe and parts of Asia. Owned by Warner Bros. Discovery through Warner Bros. Discovery Sports#Warner Bros. Discovery Sports Europe properties, its international sports unit, it operates two ...
channels, and eventually merge them.
On June 9, WBD named former Discovery and
Univision
Univision () is an American Spanish-language free-to-air television network owned by TelevisaUnivision. It is the United States' largest provider of Spanish-language content. The network's programming is aimed at the Latino public and includes ...
executive
Luis Silberwasser
Luis Silberwasser is a Colombian-American media executive who served as president of Telemundo Networks from 2014 to 2018. Prior to joining Telemundo, Silberwasser served as executive vice president and chief content officer for Discovery, Inc., Di ...
as chairman of Sports.
In July 2022, Warner Bros. Pictures head
Toby Emmerich
Toby Emmerich (born February 8, 1963), is an American producer, film executive, and screenwriter. He has been with Warner Bros. for much of his career, and formerly served as the chairman of the Warner Bros. Pictures Group.
Biography
Emmerich w ...
announced that he would step down and establish a new studio, which will be funded by and have an exclusive, five-year distribution deal with Warner Bros. Pictures. Warner Bros. Pictures was then divided into three business units with their own leadership: former
MGM
Metro-Goldwyn-Mayer Studios Inc., also known as Metro-Goldwyn-Mayer Pictures and abbreviated as MGM, is an American film, television production, distribution and media company owned by Amazon through MGM Holdings, founded on April 17, 1924 a ...
executives
Michael De Luca
Michael De Luca (born August 13, 1965) is an American film studio executive, film producer and screenwriter. The former president of production at both New Line Cinema and DreamWorks, De Luca has been nominated for three Academy Awards for Best ...
and Pamela Abdy became the co-chairs of
Warner Bros. Pictures
Warner Bros. Pictures is an American film production and distribution company of the Warner Bros. Pictures Group division of Warner Bros. Entertainment (both ultimately owned by Warner Bros. Discovery). The studio is the flagship producer of liv ...
and
New Line Cinema
New Line Cinema is an American film production studio owned by Warner Bros. Discovery and is a film label of Warner Bros. It was founded in 1967 by Robert Shaye as an independent film distribution company; later becoming a film studio after acq ...
, and will temporarily oversee the
DC Films
DC Studios is an American film and television studio that is a division of Warner Bros., which is a subsidiary of Warner Bros. Discovery. It is dedicated to the production of films, series, and animations based on characters from DC Comics, am ...
and
Warner Animation Group
The Warner Animation Group (WAG) is an American animation studio serving as the computer-animated feature film label of Warner Bros.' theatrical film production and distribution division, Warner Bros. Pictures. Established on January 7, 2013, th ...
units until new executives are hired for the positions.
Alan Horn
Alan Frederick Horn (born February 28, 1943) is an American entertainment industry executive. Horn became President and COO of Warner Bros. from 1999 to 2012. Horn next served as the chairman of Walt Disney Studios from 2012 to 2020. During his ...
also rejoined Warner Bros. as a consultant.
WBD delivered its second-quarter earnings report—its first since the merger—on August 4, 2022. Ahead of the report, the company performed multiple cuts to HBO Max throughout July and early-August, including cutting new programming development in much of Europe,
live-action children's programming development, and direct-to-streaming films—leading to the notable August 3 cancellations of the nearly-completed films ''
Batgirl
Batgirl is the name of several superheroines appearing in American comic books published by DC Comics, depicted as female counterparts and allies to the superhero Batman. Although the character Betty Kane was introduced into publication in ...
'' and ''
Scoob! Holiday Haunt'' as tax
write-off
A write-off is a reduction of the recognized value of something. In accounting, this is a recognition of the reduced or zero value of an asset. In income tax statements, this is a reduction of taxable income, as a recognition of certain expenses ...
s, and the quiet removals of multiple HBO Max original films from the platform and its upcoming releases.
In the second quarter of 2022, WBD took $9.8 billion in revenue and a net loss of $2.2 billion
pro forma
The term ''pro forma'' (Latin for "as a matter of form" or "for the sake of form") is most often used to describe a practice or document that is provided as a courtesy or satisfies minimum requirements, conforms to a Convention (norm), norm or ...
, primarily from integration and restructuring expenses. The company took $825 million in write-offs on "content impairments and development". The company confirmed cuts to children's programming development, and abandoned the production of direct-to-streaming films for HBO Max—with Zaslav arguing that they lacked economic value and impact in comparison to theatrical releases. WBD renewed its contracts with Bloys and other key HBO executives, with Zaslav praising his performance as chief content officer. Zaslav stated that a "10-year plan" was in development for DC Films, modeled after those of
Marvel Studios
Marvel Studios, LLC (originally known as Marvel Films from 1993 to 1996) is an American film and television production company that is a subsidiary of Walt Disney Studios, a division of the Walt Disney Company. Marvel Studios produces the Mar ...
, while Perrette stated that the planned merger of Discovery+ and HBO Max would occur by summer 2023 in the United States, with other markets to follow.
HBO subsequently faced a reorganization on August 15 to dismantle most of HBO Max's autonomous units, with HBO Max's head of comedy Suzanna Makkos now reporting to HBO's head of comedy Amy Gravitt, and layoffs within HBO Max's non-scripted, live-action family entertainment, international originals, and casting units, as well as HBO's acquisitions unit. HBO Max also continued to remove and cancel some of its lesser-viewed original programming, particularly family-oriented and animated series.
In September 2022, WBD became the subject of a proposed class-action lawsuit by one of its shareholders, alleging that WarnerMedia was overinvesting in streaming content "without sufficient concern for return on investments", and had overstated the number of HBO Max subscribers by at least 10 million by counting inactivated subscriptions bundled with AT&T services—thus misleading investors in violation of the
Securities Act
The Securities Act of 1933, also known as the 1933 Act, the Securities Act, the Truth in Securities Act, the Federal Securities Act, and the '33 Act, was enacted by the United States Congress on May 27, 1933, during the Great Depression and after ...
. It also alleged that Discovery executives failed to warn investors that WarnerMedia's
prospectus contained misleading statements.
On September 28 during a company town hall, Zaslav addressed speculation that WBD was pursuing a possible sale as early as 2024, stating that they were "absolutely not for sale", and "have everything we need to be successful." On October 11, Warner Bros. Television Group laid off 82 employees and eliminated 43 vacant positions as part of a restructuring that primarily impacts their unscripted and animation units. The restructuring saw the consolidation of Warner Horizon and
Telepictures
Telepictures (also known as Telepictures Productions; formerly known as Telepictures Distribution and Telepictures Corporation) is an American television show and filmmaking company, currently operating as a subsidiary of Warner Bros. Television S ...
' creative operations, and the consolidation of
Cartoon Network Studios
Cartoon Network Studios is an American animation studio owned by the Warner Bros. Television Studios division of Warner Bros., a subsidiary of Warner Bros. Discovery. The studio is the production arm of Cartoon Network, and started operating on ...
' and
Warner Bros. Animation
Warner Bros. Animation Inc. is an American animation studio which is part of the Warner Bros. Television Studios division of Warner Bros., a flagship of Warner Bros. Discovery. As the successor to Warner Bros. Cartoons, which was active from 1 ...
's development and production teams (with the two studios remaining separate
labels
A label (as distinct from signage) is a piece of paper, plastic film, cloth, metal, or other material affixed to a container or product, on which is written or printed information or symbols about the product or item. Information printed dir ...
with their own distinct output).
In October 2022, it was announced that filmmaker
James Gunn
James Francis Gunn Jr. (born August 5, 1966) is an American filmmaker and executive. He began his career as a screenwriter in the mid-1990s, starting at Troma Entertainment with ''Tromeo and Juliet'' (1997). He then began working as a director ...
and producer
Peter Safran
Peter Safran (born 22 November 1965) is a British-American film producer and manager. He currently serves as the co-chairperson and CEO of DC Studios alongside James Gunn.
Early life
After growing up in the UK, Safran graduated from Princeton Un ...
would serve as the co-CEO and co-chairmen of DC Films which will be rebranded as DC Studios moving forward. The duo has signed a four-year deal that will oversee the production of films, television, and animation under the DC label. The pair will report directly to Zaslav, while also working alongside but independently with other members of the studio. Gunn will oversee creative development on DC projects, while Safran will oversee the business aspect.
During an earnings report in November 2022, it was announced that the launch of WBD's streaming service had been moved up to spring 2023. In early-December 2022, it was reported by CNBC via inside sources that the unified platform was being developed under the codename "BEAM", and that multiple names were being considered—including simply "Max".
Institutional ownership
Former Discovery shareholder
Advance Publications
Advance Publications, Inc., doing business as Advance, is an American media company owned by the descendants of S.I. Newhouse Sr., Donald Newhouse and S.I. Newhouse Jr. It owns a large number of subsidiary companies, including Condé Nast, an ...
holds a 8.16% stake in WBD's stock.
The Vanguard Group
The Vanguard Group, Inc. is an American registered investment advisor based in Malvern, Pennsylvania, with about $7 trillion in global assets under management, as of January 13, 2021. It is the largest provider of mutual funds and the second-lar ...
(6.79%) and
BlackRock
BlackRock, Inc. is an American Multinational corporation, multi-national investment company based in New York City. Founded in 1988, initially as a Enterprise risk management, risk management and fixed income institutional asset manager, BlackR ...
(4.74%) also hold stakes.
Assets
Warner Bros. Discovery consists of nine primary business divisions:
*
Warner Bros. Entertainment
Warner Bros. Entertainment Inc. (commonly known as Warner Bros. or abbreviated as WB) is an American Film studio, film and entertainment studio headquartered at the Warner Bros. Studios, Burbank, Warner Bros. Studios complex in Burbank, Califo ...
consists of assets including
DC Studios
DC Studios is an American film and television studio that is a division of Warner Bros., which is a subsidiary of Warner Bros. Discovery. It is dedicated to the production of films, series, and animations based on characters from DC Comics, am ...
,
Warner Bros. Theatre Ventures,
Turner Entertainment
Turner Entertainment Company is an American multimedia company founded by Ted Turner in 1986. Purchased by Time Warner in 1996 as part of its acquisition of Turner Broadcasting System (TBS), the company was largely responsible for overseeing th ...
,
The Wolper Organization
David Lloyd Wolper (January 11, 1928 – August 10, 2010) was an American television and film producer, responsible for shows such as ''Roots'', '' The Thorn Birds'', and ''North and South'', and the theatrically-released films ''L.A. Confiden ...
,
WaterTower Music
WaterTower Music (formerly New Line Records from 2000 to 2010) is an American record label serving as the in-house music label and run by entertainment company Warner Bros., ultimately owned by Warner Bros. Discovery. The name and logo are based o ...
and Warner Bros. Studio Operations.
** Warner Bros. Pictures Group consists of the company's filmed entertainment and theatrical entertainment businesses, including
Warner Bros. Pictures
Warner Bros. Pictures is an American film production and distribution company of the Warner Bros. Pictures Group division of Warner Bros. Entertainment (both ultimately owned by Warner Bros. Discovery). The studio is the flagship producer of liv ...
,
New Line Cinema
New Line Cinema is an American film production studio owned by Warner Bros. Discovery and is a film label of Warner Bros. It was founded in 1967 by Robert Shaye as an independent film distribution company; later becoming a film studio after acq ...
,
Warner Animation Group
The Warner Animation Group (WAG) is an American animation studio serving as the computer-animated feature film label of Warner Bros.' theatrical film production and distribution division, Warner Bros. Pictures. Established on January 7, 2013, th ...
, and
Castle Rock Entertainment
Castle Rock Entertainment is an American film and television production company founded in 1987 by Martin Shafer, director Rob Reiner, Andrew Scheinman, Glenn Padnick and Alan Horn. It is a label of Warner Bros. Entertainment, itself a subsidiar ...
. The division is led by former
MGM
Metro-Goldwyn-Mayer Studios Inc., also known as Metro-Goldwyn-Mayer Pictures and abbreviated as MGM, is an American film, television production, distribution and media company owned by Amazon through MGM Holdings, founded on April 17, 1924 a ...
executives
Michael De Luca
Michael De Luca (born August 13, 1965) is an American film studio executive, film producer and screenwriter. The former president of production at both New Line Cinema and DreamWorks, De Luca has been nominated for three Academy Awards for Best ...
and Pamela Abdy.
** Warner Bros. Television Group consists of domestic and international network of television production companies, including the flagship
Warner Bros. Television
Warner Bros. Television Studios (operating under the name Warner Bros. Television; formerly known as Warner Bros. Television Division) is an American television production and distribution studio of the Warner Bros. Television Group division of ...
label, alongside
Telepictures
Telepictures (also known as Telepictures Productions; formerly known as Telepictures Distribution and Telepictures Corporation) is an American television show and filmmaking company, currently operating as a subsidiary of Warner Bros. Television S ...
,
Alloy Entertainment
Alloy Entertainment (formerly Daniel Weiss Associates and 17th Street Productions) is a book packaging and television production unit of Warner Bros. Television Studios. It produces books, television series, and feature films.
Alloy Entertainment ...
,
Warner Bros. Animation
Warner Bros. Animation Inc. is an American animation studio which is part of the Warner Bros. Television Studios division of Warner Bros., a flagship of Warner Bros. Discovery. As the successor to Warner Bros. Cartoons, which was active from 1 ...
,
Cartoon Network Studios
Cartoon Network Studios is an American animation studio owned by the Warner Bros. Television Studios division of Warner Bros., a subsidiary of Warner Bros. Discovery. The studio is the production arm of Cartoon Network, and started operating on ...
,
Williams Street
Williams Street Productions, LLC, d/b/a Williams Street and formerly known as Ghost Planet Industries, is an American animation and live action television production studio owned by the Warner Bros. Television Studios division of Warner Bros., ...
, and Warner Horizon Unscripted Television. The division is also responsible for 50% of
All3Media
All3Media Limited is a British worldwide independent television, film and digital production and distribution company based in London, England. The All3Media group comprises more than 40 production and distribution companies from across the U ...
and 12.5% of
The CW
''The'' () is a grammatical article in English, denoting persons or things already mentioned, under discussion, implied or otherwise presumed familiar to listeners, readers, or speakers. It is the definite article in English. ''The'' is the m ...
. The division is led by
Channing Dungey
Channing Nicole Dungey (born March 14, 1969) is an American television executive and the first black American president of a major broadcast television network. In 2020, she was announced as the new chairwoman and CEO of Warner Bros. Television ...
.
*
Home Box Office, Inc.
Home Box Office, Inc. (HBO) is an American multinational media and entertainment company operating as a unit of Warner Bros. Discovery.
Founded by Charles Dolan and based out of WarnerMedia's former corporate headquarters at the 30 Hudson Yar ...
is the parent company of the
HBO
Home Box Office (HBO) is an American premium television network, which is the flagship property of namesake parent subsidiary Home Box Office, Inc., itself a unit owned by Warner Bros. Discovery. The overall Home Box Office business unit is ba ...
and
Cinemax
Cinemax is an American pay television, cable, and satellite television network owned by the Home Box Office, Inc. subsidiary of Warner Bros. Discovery. Developed as a companion "maxi-pay" service complementing the offerings shown on parent net ...
pay television
Pay television, also known as subscription television, premium television or, when referring to an individual service, a premium channel, refers to Subscription business model, subscription-based television services, usually provided by multichan ...
services. The division, which also oversees the production of Warner Bros. Discovery's streaming service
HBO Max
HBO Max is an American subscription video on-demand over-the-top streaming service owned by Warner Bros. Discovery. Launched in the United States on May 27, 2020, the service is built around the libraries of HBO, Warner Bros., Cartoon Netw ...
Originals as well as the former Discovery joint venture
Magnolia Network
Magnolia Network is an American basic cable network owned by Warner Bros. Discovery and Chip and Joanna Gaines. It broadcasts personality-based lifestyle programs related to topics such as home construction, renovation, and cuisine.
The channel ...
, is led by Chairman and Chief Executive Officer Casey Bloys.
* CNN Global operates the
CNN
CNN (Cable News Network) is a multinational cable news channel headquartered in Atlanta, Georgia, U.S. Founded in 1980 by American media proprietor Ted Turner and Reese Schonfeld as a 24-hour cable news channel, and presently owned by the M ...
news channel and other global broadcast news assets owned by Warner Bros. Discovery, including sister network
HLN and
various international CNN branches. The division is led by
Chris Licht.
*
DC Entertainment
DC Entertainment is an American entertainment company that was founded in September 2009 and was based in Burbank, California. The company is a subsidiary of Warner Bros. Discovery that manages its DC Comics units and characters in other units, ...
consists of the comic book publisher
DC Comics
DC Comics, Inc. (doing business as DC) is an American comic book publisher and the flagship unit of DC Entertainment, a subsidiary of Warner Bros. Discovery.
DC Comics is one of the largest and oldest American comic book companies, with thei ...
and its associated intellectual properties. The unit works with other divisions of Warner Bros. Discovery on content adapted from its properties, such as films, television series and video games.
*
Warner Bros. Discovery Networks
Warner can refer to:
People
* Warner (writer)
* Warner (given name)
* Warner (surname)
Fictional characters
* Yakko, Wakko, and Dot Warner, stars of the animated television series ''Animaniacs''
* Aaron Warner, a character in '' Shatter Me ...
owns and/or operates most of the company's linear cable networks in the United States, including the former brands of Discovery Communications channels (such as
Discovery Channel
Discovery Channel (known as The Discovery Channel from 1985 to 1995, and often referred to as simply Discovery) is an American cable channel owned by Warner Bros. Discovery, a publicly traded company run by CEO David Zaslav. , Discovery Channe ...
,
TLC
TLC may refer to:
Arts and entertainment Television
* ''TLC'' (TV series), a 2002 British situational comedy television series that aired on BBC2
* TLC (TV network), formerly the Learning Channel, an American cable TV network
** TLC (Asia), an A ...
,
Animal Planet
Animal Planet (stylized in all lowercase since 2018) is an American multinational pay television channel owned by the Warner Bros. Discovery Networks unit of Warner Bros. Discovery. First established on June 1, 1996, the network is primarily dev ...
,
OWN
Ownership is the state or fact of legal possession and control over property, which may be any asset, tangible or intangible. Ownership can involve multiple rights, collectively referred to as title, which may be separated and held by different ...
, and
Investigation Discovery
Investigation Discovery (stylized and branded on-air as ID since 2008) is an American multinational pay television network dedicated to true crime documentaries owned by Warner Bros. Discovery. As of February 2015, approximately 86 million Ameri ...
),
Scripps Networks Interactive
Scripps Networks Interactive, Inc. (SNI) was an American mass media company, which was formed on July 1, 2008, and acquired by and merged into Discovery Communications on March 6, 2018. It was formed in 2008, through the spin-off of the E. W. ...
channels (such as
Food Network
Food Network is an American basic cable channel owned by Television Food Network, G.P., a joint venture and general partnership between Warner Bros. Discovery Networks (which holds a 69% ownership stake of the network) and Nexstar Media Group ...
and
Cooking Channel
Cooking Channel is an American basic cable channel owned by Food Network, a joint venture and general partnership between Warner Bros. Discovery Networks (69%) and Nexstar Media Group (31%). The channel is a spin-off of Food Network, broadcasting p ...
with
Nexstar Media Group
Nexstar Media Group, Inc. is an American publicly traded media company with headquarter offices in Irving, Texas; Midtown Manhattan; and Chicago, Illinois. The company is the largest television station owner in the United States, owning 197 te ...
, and
HGTV
HGTV (an initialism for Home & Garden Television) is an American pay television channel owned by Warner Bros. Discovery. The network primarily broadcasts reality programming related to home improvement and real estate. As of February 2015, appr ...
), and now-defunct
Turner Broadcasting System
Turner Broadcasting System, Inc. (alternatively known as Turner Entertainment Networks from 2019 until 2022) was an American television and media conglomerate. Founded by Ted Turner and based in Atlanta, Georgia, it merged with Time Warner (lat ...
channels (including
TBS,
TNT
Trinitrotoluene (), more commonly known as TNT, more specifically 2,4,6-trinitrotoluene, and by its preferred IUPAC name 2-methyl-1,3,5-trinitrobenzene, is a chemical compound with the formula C6H2(NO2)3CH3. TNT is occasionally used as a reagen ...
,
TruTV
TruTV (stylized as truTV) is an American basic cable channel owned by Warner Bros. Discovery. The channel primarily broadcasts comedy, docusoaps and reality shows.
The channel was originally launched in 1991 as Court TV, a network that focu ...
,
Turner Classic Movies
Turner Classic Movies (TCM) is an American movie channel, movie-oriented pay television, pay-TV television network, network owned by Warner Bros. Discovery. Launched in 1994, Turner Classic Movies is headquartered at Turner's Techwood broadcasti ...
, and
Cartoon Network
Cartoon Network (often abbreviated as CN) is an American cable television channel owned by Warner Bros. Discovery. It is a part of The Cartoon Network, Inc., a division that also has the broadcasting and production activities of Boomerang, Car ...
/
Adult Swim
Adult Swim (AS; stylized as dult swim
Dult is a village in Batala in Gurdaspur district of Punjab State, India. It is located from sub district headquarter, from district headquarter and from Sri Hargobindpur. The village is administrated by Sarpanch an elected representati ...
and often abbreviated as s is an American adult-oriented night-time cable television Television channel, channel that shares channel space with the basic cable network Cartoon Network and is programme ...
among others). The division is led by Kathleen Finch.
*
Warner Bros. Discovery Sports
Warner Bros. Discovery Sports (WBD Sports) is the division of Warner Bros. Discovery (WBD) that is responsible for sports broadcasts on its parent company's various channels in the United States, including TBS, TNT, AT&T SportsNet, and TruTV. ...
is the brand name used for sports-related divisions of the company. The American division manages the company's domestic broadcast sports businesses, including
MLB Network
The MLB Network is an American television sports channel dedicated to baseball. It is primarily owned by Major League Baseball, with Warner Bros. Discovery through its sports unit, Comcast's NBC Sports Group, Charter Communications, and Cox Com ...
,
NBA TV
NBA TV is an American sports-oriented pay television network owned by the National Basketball Association (NBA) and operated by Warner Bros. Discovery through its sports unit. Dedicated to basketball, the network features exhibition, regular ...
and
AT&T SportsNet
AT&T Sports Networks, LLC (ATTSN) is a group of regional sports networks in the United States that primarily own and operate AT&T Sports Networks (founded in 2009, as Liberty Sports Holdings, later DirecTV Sports Networks, LLC). It is owned by W ...
, while the European division handles Warner Bros. Discovery's international sports operations, including
Eurosport
Eurosport is a group of pay television networks in Europe and parts of Asia. Owned by Warner Bros. Discovery through Warner Bros. Discovery Sports#Warner Bros. Discovery Sports Europe properties, its international sports unit, it operates two ...
,
Golf Digest
''Golf Digest'' is a monthly golf magazine published by Warner Bros. Discovery through its sports unit under its Warner Bros. Discovery Golf division. It is a generalist golf publication covering recreational golf and men's and women's competiti ...
and its
GolfTV
GolfTV was an international streaming service owned by Warner Bros. Discovery through its international sports unit and ran by its Warner Bros. Discovery Golf division, which aired golf tournaments, news and documentaries.
History
In June 201 ...
international streaming service, and the sports division of Warner Bros. Discovery in Latin America, Warner Bros. Discovery Sports Latin America which owns the sports channel
TNT Sports
Warner Bros. Discovery Sports (WBD Sports) is the division of Warner Bros. Discovery (WBD) that is responsible for sports broadcasts on its parent company's various channels in the United States, including TBS, TNT, AT&T SportsNet, and TruTV. ...
which replaces
Esporte Interativo
TNT Sports is a subsidiary of Warner Bros. Discovery in Brazil responsible for sports broadcasts on TNT and Space channels in the country.
Esporte Interativo started as a television channel, inaugurated on January 20, 2007 with the live broadcas ...
. Both divisions are led by
Luis Silberwasser
Luis Silberwasser is a Colombian-American media executive who served as president of Telemundo Networks from 2014 to 2018. Prior to joining Telemundo, Silberwasser served as executive vice president and chief content officer for Discovery, Inc., Di ...
.
* Warner Bros. Discovery Global Streaming & Interactive Entertainment manages the operations of the company's direct-to-consumer platforms, online brands and gaming businesses, including the streaming services
HBO Max
HBO Max is an American subscription video on-demand over-the-top streaming service owned by Warner Bros. Discovery. Launched in the United States on May 27, 2020, the service is built around the libraries of HBO, Warner Bros., Cartoon Netw ...
and
Discovery+
Discovery may refer to:
* Discovery (observation), observing or finding something unknown
* Discovery (fiction), a character's learning something unknown
* Discovery (law), a process in courts of law relating to evidence
Discovery, The Discover ...
, video game publisher
Warner Bros. Interactive Entertainment
Warner Bros. Interactive Entertainment (WBIE; also known as Warner Bros. Games or WB Games) is an American video game publisher based in Burbank, California, and part of the newly-formed Global Streaming and Interactive Entertainment unit of ...
, and the digital media company
Rooster Teeth
Rooster Teeth Productions, LLC is an American digital media company headquartered in Austin, Texas. Founded in 2003 by Burnie Burns, Matt Hullum, Geoff Ramsey, Jason Saldaña, Gus Sorola, and Joel Heyman, Rooster Teeth is a subsidiary of Warner ...
. The division is led by JB Perrette.
*
Warner Bros. Discovery Global Brands and Experiences
Warner Bros. Discovery Global Brands and Experiences (formerly Warner Bros. Global Brands and Experiences, then Warner Bros. Global Brands and Franchises) is one of Warner Bros. Discovery's major business segments and divisions. It was founded in ...
manages Warner Bros. theme parks and studio tours. Additional business segments include divisions responsible for Global Content Distribution (which comprises Warner Bros. Worldwide Television Distribution and
Warner Bros. Home Entertainment) and Advertising Sales. The division is led by Bruce Campbell, who serves as the company's Chief Revenue Officer.
*
Warner Bros. Discovery International
Warner Bros. Discovery International, formerly known as Turner Broadcasting System International and WarnerMedia International, is an international unit of Warner Bros. Discovery led by president Gerhard Zeiler.
Divisions Asia-Pacific
* 9R ...
focuses on local and regional variations that pipelined with global market through operations for its domestic television channels, including region-specific operations such as
TVN Group
TVN Group (''TVN S.A.'') is a Polish media and entertainment group established in 1995 as ''TVN Sp. z o.o''. The CEO of TVN Group is Katarzyna "Kasia" Kieli, president and managing director of TVN Warner Bros. Discovery.
Its TV channel, TVN, i ...
in Poland and
Three
3 is a number, numeral, and glyph.
3, three, or III may also refer to:
* AD 3, the third year of the AD era
* 3 BC, the third year before the AD era
* March, the third month
Books
* '' Three of Them'' (Russian: ', literally, "three"), a 1901 ...
in New Zealand, as well as responsible for the distribution of linear networks from CNN Global and Warner Bros. Discovery Sports. The division is led by
Gerhard Zeiler
Gerhard Zeiler (born 20 July 1955) is an Austrian businessman who is the current president (corporate title), president of Warner Bros. Discovery International, part of Warner Bros. Discovery. Before taking up the role at Turner/Warner, Mr Zeiler ...
. It is split into four regional hubs:
Warner Bros. Discovery Asia-Pacific
Warner Bros. Discovery Networks Asia-Pacific is a subsidiary of Warner Bros. Discovery that operates several television channels in Asia and Australasia, along with the Discovery+ streaming service.
In April 2022, WarnerMedia Entertainment Netw ...
,
Warner Bros. Discovery EMEA
Warner Bros. Discovery EMEA is a subsidiary of Warner Bros. Discovery. The subsidiary is responsible for managing the collection of their cable and satellite networks around the Europe, Middle East and Africa regions.
History
WarnerMedia ...
,
TVN Warner Bros. Discovery
TVN Warner Bros. Discovery (formerly known as TVN Grupa Discovery) is a subsidiary of Warner Bros. Discovery that operates television channels and services in Poland. It operates the TVN Group, a media company acquired by Scripps Networks Inter ...
(Poland),
and
Warner Bros. Discovery Americas.
Leadership
; Board of Directors
*
Samuel A. DiPiazza (Chairman)
*
David Zaslav
David Zaslav (born January 15, 1960) is an American media executive who currently serves as the Chief Executive Officer and President of Warner Bros. Discovery. Zaslav spearheaded the transaction between AT&T and Discovery to combine with Warner ...
*
Robert R. Bennett
Robert R. Bennett (born 1958) is an American businessman who was the president and director of the Discovery Holding Company from 2005 to 2008 and president and CEO of Liberty Media from 1997 to 2005.
Early life
Bennett obtained a bachelor's degr ...
* Li Haslett Chen
*
Richard W. Fisher
* Paul A. Gould
*
Debra L. Lee
Debra L. Lee (born August 8, 1954) is an American businesswoman. She was the Chairman and Chief Executive Officer of BET, the parent company for Black Entertainment Television from 2005 to May 28, 2018. Lee has sat on the board of directors for ...
*
Dr. John C. Malone
* Fazal Merchant
* Steven A. Miron
* Steven O. Newhouse
* Paula A. Price
* Geoffrey Y. Yang
; Executives
[
* ]David Zaslav
David Zaslav (born January 15, 1960) is an American media executive who currently serves as the Chief Executive Officer and President of Warner Bros. Discovery. Zaslav spearheaded the transaction between AT&T and Discovery to combine with Warner ...
, President and Chief Executive Officer
* Adria Alpert Romm, Chief People and Culture Officer
** Asif Sadiq, Chief Global Diversity, Equity and Inclusion Officer
* Bruce Campbell, Chief Revenue and Strategy Officer
** Jon Steinlauf, Chief U.S. Advertising Sales Officer
* Mike De Luca, Chairperson and CEO, Warner Bros. Film Group
* Pam Abdy, Chairperson and CEO, Warner Bros. Film Group
* James Gunn
James Francis Gunn Jr. (born August 5, 1966) is an American filmmaker and executive. He began his career as a screenwriter in the mid-1990s, starting at Troma Entertainment with ''Tromeo and Juliet'' (1997). He then began working as a director ...
, Chairmen and CEO, DC Studios
DC Studios is an American film and television studio that is a division of Warner Bros., which is a subsidiary of Warner Bros. Discovery. It is dedicated to the production of films, series, and animations based on characters from DC Comics, am ...
* Peter Safran
Peter Safran (born 22 November 1965) is a British-American film producer and manager. He currently serves as the co-chairperson and CEO of DC Studios alongside James Gunn.
Early life
After growing up in the UK, Safran graduated from Princeton Un ...
, Chairmen and CEO, DC Studios
* Channing Dungey
Channing Nicole Dungey (born March 14, 1969) is an American television executive and the first black American president of a major broadcast television network. In 2020, she was announced as the new chairwoman and CEO of Warner Bros. Television ...
, Chairman, Warner Bros. Television Group
* Kathleen Finch
HGTV (an initialism for Home & Garden Television) is an American pay television channel owned by Warner Bros. Discovery. The network primarily broadcasts reality programming related to home improvement and real estate. As of February 2015, app ...
, Chairman and Chief Content Officer, US Networks Group
* Casey Bloys, Chairman and CEO, HBO
Home Box Office (HBO) is an American premium television network, which is the flagship property of namesake parent subsidiary Home Box Office, Inc., itself a unit owned by Warner Bros. Discovery. The overall Home Box Office business unit is ba ...
and HBO Max
HBO Max is an American subscription video on-demand over-the-top streaming service owned by Warner Bros. Discovery. Launched in the United States on May 27, 2020, the service is built around the libraries of HBO, Warner Bros., Cartoon Netw ...
Content
* Chris Licht, Chairman and CEO of CNN Worldwide
Turner Broadcasting System, Inc. (alternatively known as Turner Entertainment Networks from 2019 until 2022) was an American television and media conglomerate. Founded by Ted Turner and based in Atlanta, Georgia, it merged with WarnerMedia, Tim ...
* Luis Silberwasser
Luis Silberwasser is a Colombian-American media executive who served as president of Telemundo Networks from 2014 to 2018. Prior to joining Telemundo, Silberwasser served as executive vice president and chief content officer for Discovery, Inc., Di ...
, Chairman and CEO of Warner Bros. Discovery Sports
* David Leavy, Chief Corporate Affairs Officer
** Nathaniel Brown, Chief Corporate Communications Officer
* JB Perrette, CEO and President, Global Streaming and Interactive
* Savalle Sims, General Counsel
* Gunnar Wiedenfels, Chief Financial Officer
** Lori Locke, Chief Accounting Officer
* Gerhard Zeiler
Gerhard Zeiler (born 20 July 1955) is an Austrian businessman who is the current president (corporate title), president of Warner Bros. Discovery International, part of Warner Bros. Discovery. Before taking up the role at Turner/Warner, Mr Zeiler ...
, President, International
International is an adjective (also used as a noun) meaning "between nations".
International may also refer to:
Music Albums
* ''International'' (Kevin Michael album), 2011
* ''International'' (New Order album), 2002
* ''International'' (The T ...
References
External links
*
{{Authority control, state=expanded
2022 establishments in New York City
American companies established in 2022
Cable network groups in the United States
Companies based in New York City
Conglomerate companies of the United States
Conglomerate companies established in 2022
Entertainment companies based in New York City
Entertainment companies established in 2022
Entertainment companies of the United States
Mass media companies based in New York City
Mass media companies established in 2022
Mass media companies of the United States
Multinational companies headquartered in the United States
Multinational companies based in New York City
Publicly traded companies based in New York City
Publishing companies established in 2022