Warner Bros. Discovery, also known as WBD, is a publicly owned entity headquartered in New York City, United States. Formed on April 8, 2022, from WarnerMedia's spin-off by AT&T and its subsequent merger with Discovery, Inc., the company employs approximately 35,500 individuals and reported $37.3B in revenue as of 2025. As an entertainment provider, its properties are divided into two divisions: Streaming & Studios, which encompasses Warner Bros. studios, HBO, DC Entertainment, and the company's streaming services, and Global Linear Networks, which consists of advertising-supported cable networks inherited from predecessors Discovery (including Discovery Channel), Scripps Networks Interactive (including HGTV), and Turner Broadcasting System (including Cartoon Network, CNN, TBS, and TNT). This division also includes Warner Bros. Discovery International, overseeing broadcasting operations outside the United States. Its subsidiaries include Ole Distribution, WBD Networks (Discovery), WBD Studios, Warner Bros. Discovery Ad Sales, and Warner Bros. Discovery Direct-to-Consumer.

2025 Revenue

Founded

2022

Headcount

35,500

Headquarters

United States

Primary Segment

Entertainment Providers

Ownership

Publicly Owned

News Summary:

The US Federal Communications Commission (FCC) on September 18, 2026, approved a request from Paramount and Skydance to allow foreign investors to participate in their $110 billion acquisition of Warner Bros. Discovery, while restricting foreign investors from holding voting stock in the merged entity. Earlier on the same day, Warner Bros. Discovery marked the 19th edition of its flagship School Contact Programme in India, engaging 1 million children across 1,400 schools in 18 cities through its POGO and Cartoon Network brands. This followed news from earlier on September 18 that Paramount considered leaving California as its legal battle over the proposed acquisition of Warner Bros. Discovery intensified. This threat emerged amid an antitrust case pursued by California Attorney-General Rob Bonta and attorneys-general from 11 other states, seeking to stop the proposed merger.
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Warner Bros. Discovery currently holds 125 broadcasting rights for sports competitions including soccer | association football, cycling, beach volleyball, ice hockey, rugby union, marathon, athletics, handball, professional wrestling, motorsports, golf, multi-sport, sailing, tennis, climbing, biathlon, wrestling, triathlon, combat sports, basketball, snooker, surfing, winter sports, equestrianism and cricket.

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