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Warner Bros. Discovery will split into two publicly traded companies in mid-2026: Warner Bros. (streaming, studios) led by David Zaslav, and Discovery Global (TV networks, Discovery+) headed by Gunnar Wiedenfels. Warner Bros. will encompass HBO, DC Studios, and Warner Bros. Pictures, while Discovery Global will include CNN and other international networks. Both companies have announced key leadership appointments, with Zaslav's compensation decreasing and Wiedenfels' increasing. The split aims to streamline operations and capitalize on the strengths of each entity.

Prepared by Christopher Adams and reviewed by editorial team.