Warner Bros. Discovery

Warner Bros. Discovery

Entertainment
Warner Bros. Discovery was formed in 2022 through the combination of WarnerMedia and Discovery Communications. In 2026, it intends to split its global networks business from its streaming and studios businesses, forming two separate companies. The streaming business includes HBO Max, which is rapidly increasing its international footprint in addition to its major presence in the US. Studios include industry leaders in both film and television, which produce movies and television series that are monetized in multiple ways, including theatrical release, sales to third parties, and feeding into Warner’s own platforms. Global networks consist of basic cable networks like CNN, TNT, TBS, Discovery, HGTV, and The Food Network. The Discovery+ streaming service will remain part of global networks.

$29.8B

Market Cap • 8/28/2025

2008

(17 years)

Founded

2005

(20 years ago)

IPO

NASDAQ

Listing Exchange

Flag of United States

United States

Country

S&P500 Participant

Index Composite • 2025

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