Warner Bros. Discovery is splitting into two separate entities: Warner Bros. and Discovery Global, effective mid-2026. Warner Bros. will encompass film, TV, and gaming divisions, while Discovery Global will handle news, sports, and other non-fiction programming. David Zaslav will lead Warner Bros., and Gunnar Wiedenfels will head Discovery Global. This restructuring aims to address the company's substantial debt and improve its stock performance, though the long-term financial prospects of Discovery Global remain unclear.

Prepared by Christopher Adams and reviewed by editorial team.