Warner Bros. Discovery announces post-split companies will be ‘Warner Bros.’ and ‘Discovery Global’

Warner Bros. Discovery on Monday introduced the company names and management groups of its two future companies as the corporate prepares to separate in mid-2026.

Its streaming and studios division will be referred to as “Warner Bros.” and its world networks phase will be named “Discovery World.”

Warner Bros. will home its film properties, together with DC Studios and its streaming service HBO Max. In the meantime, Discovery World will embrace its leisure, sports activities and information networks, together with CNN, TNT Sports activities within the U.S., Discovery, the Discovery+ streaming service and Bleacher Report.

“Over the previous a number of years, we’ve made essential strides throughout the enterprise, launching and investing in a worthwhile, world streaming service and reinvigorating our studios to return them once more to an {industry} main place,” stated WBD President and CEO David Zaslav in a press release.

The corporate introduced the cut up final month as WBD tries to navigate an industry-wide shift in customers’ viewing habits from conventional cable to streaming. The spinoff will create two publicly traded companies, following the same transfer by Comcast to separate off its cable property, together with CNBC, within the coming months.

The brand new names introduced by Warner Bros. Discovery are a callback to the 2 entities that existed earlier than the corporate’s merger: WarnerMedia and Discovery, Inc. That deal accomplished in 2022.

WBD additionally introduced its prime executives for each divisions, together with 13 leaders for Warner Bros. and 16 at Discovery World. Zaslav will lead Warner Bros., whereas present Warner Bros. Discovery CFO Gunnar Wiedenfels will grow to be CEO of Discovery World.

“With our unmatched portfolio of storytelling IP coupled with our unimaginable inventive companions, and now an government crew of confirmed, daring, and dedicated inventive and company leaders, we’re in a powerful place to launch and proceed to meaningfully develop an organization worthy of our storied previous,” Zaslav stated.

Disclosure: Comcast NBCUniversal is the father or mother firm of CNBC.