Warner Bros. Discovery is a publicly owned company headquartered in New York City, US. Founded in 2022, it employs approximately 36,250 individuals and reported $37.3B in revenue as of 2025. The company functions as an entertainment provider, established from WarnerMedia's spin-off by AT&T and its subsequent merger with Discovery, Inc. on April 8, 2022. Operating as an American multinational mass media and entertainment conglomerate, its properties are organized into two divisions: Streaming & Studios, which encompasses the Warner Bros. studios, HBO, DC Entertainment, and its streaming services; and Global Linear Networks, which comprises advertising-supported cable networks inherited from predecessors such as Discovery (including Discovery Channel), Scripps Networks Interactive (including HGTV), and Turner Broadcasting System (including Cartoon Network, CNN, TBS, and TNT). Warner Bros. Discovery International, also part of the Global Linear Networks division, oversees the company's broadcasting operations outside the United States.

2025 Revenue

Founded

2022

Headcount

36,243

Headquarters

US

Primary Segment

Entertainment Providers

Ownership

Publicly Owned

News Summary:

On March 21, 2026, the comedy series "The Comeback," co-created by and starring Lisa Kudrow, prepared for its final season return on Sunday. Also on March 21, TNT Sports, a joint venture between BT Sport and Warner Bros. Discovery, revealed a major shift in its streaming platform coverage, having integrated with Discovery+ since 2023 after replacing BT Sport in July 2023. This news followed scrutiny regarding a potential $887 million payout for Warner Bros. Discovery CEO David Zaslav, stemming from the proposed acquisition of Paramount Global backed by Skydance Media. Previously, on March 20, U.S. Congresswoman Laura Friedman joined Senator Adam Schiff’s Senate Spotlight Hearing in Burbank to examine threats to the American film and TV industry and its workforce, including the proposed Paramount–Warner Bros. merger.
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Warner Bros. Discovery currently holds 120 broadcasting rights for sports competitions including ice hockey, combat sports, golf, professional wrestling, sailing, tennis, surfing, climbing, wrestling, biathlon, equestrianism, multi-sport, athletics, cricket, soccer | association football, basketball, winter sports, beach volleyball, rugby union, motorsports, triathlon, snooker and marathon.

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