Warner Bros. Discovery Announces Major Restructuring: Split into Two Companies

Warner Bros. Discovery to Split into Two Companies by Mid-2026 Warner Bros. Discovery, the parent company of popular channels like HBO Max, CNN, and TNT, announced a major restructuring on June 9, 2025. The company plans to separate into two independent, publicly traded entities by the middle of next year. This strategic move aims to enhance operational efficiency and unlock greater value for shareholders. One of the new companies will focus on the studio and streaming side, encompassing prominent brands such as Warner Bros., HBO Max, and DC Studios. The other will concentrate on the traditional cable networks, including CNN, TNT, and the Discovery portfolio. CNBC senior markets correspondent Dominic Chu commented on the impact, stating, "Warner Bros. Discovery shares are higher on this." The stock market reacted positively to the announcement, with shares rising as much as 9% in early trading. The split is anticipated to be fully completed by mid-2026. This restructuring represents a significant shift in the media landscape, potentially setting a precedent for other large media conglomerates.