Warner Bros. Discovery to Split into Two Companies by Mid-2026

Company Split

WBD will split into two companies

• The split aims to streamline operations and enhance strategic focus for each business unit3

Leadership Changes

• David Zaslav will lead the streaming and studios firm, while Gunnar Wiedenfels will oversee Global Networks3
• The leadership appointments are part of WBD's broader restructuring efforts3

Debt Tender Offer

• Warner has announced a debt tender offer, which may impact the company's financial performance and debt management3
• This move is likely part of WBD's strategy to optimize its capital structure ahead of the split3