{"id":30161,"date":"2025-06-09T21:30:36","date_gmt":"2025-06-10T01:30:36","guid":{"rendered":"https:\/\/cinemadailyus.com\/?p=30161"},"modified":"2025-06-09T21:30:36","modified_gmt":"2025-06-10T01:30:36","slug":"warner-bros-discovery-to-split-into-two-companies-in-2026","status":"publish","type":"post","link":"https:\/\/cinemadailyus.com\/?p=30161","title":{"rendered":"Warner Bros. Discovery To Split Into Two Companies In 2026"},"content":{"rendered":"\r\n

\u00a9Courtesy of Warner Brothers Discovery<\/p>\r\n

Warner Bros. Discovery<\/a> has announced that it will be splitting into two public companies next year, separating its cable operations from its streaming services. The new companies will be known as Streaming & Studios and Global Linear Networks when the restructuring is completed in the middle of 2026.

In announcing the move, Warner Bros. Discovery’s CEO David Zaslav<\/a> stated: \u201cBy operating as two distinct and optimized companies in the future, we are empowering these iconic brands with the sharper focus and strategic flexibility they need to compete most effectively in today\u2019s evolving media landscape.\u201d

As a result of the move, said the official statement from Warner Bros. Discovery, \u201cBoth companies will have a clear path to de-leveraging with significant cash flow and strong liquidity through cash and revolver availability.\u201d

Zaslav will head the new Streaming & Studios company, which will encompass Warner Bros. Television, the Warner Bros. Motion Picture Group, DC Studios, HBO, HBO Max, as well as their film and television libraries. Meanwhile, Discovery CEO\u2019s chief financial officer Gunnar Wiedenfels<\/a> will head up Global Linear Networks, which will include CNN, and TNT in the U.S., plus the Discovery+ streaming service and the Bleacher Report.<\/p>\r\n

<\/ins>\u00a0

The restructuring comes just three years after Discovery\u2019s acquisition of Warner Bros. for $43 billion. But since then, there has been a sharp decline in the number of cable subscribers as viewers increasingly make use of streaming services. The number of cable subscribers in the United States has declined from 100 million in 2015 to 60 million today.<\/p>\r\n

Shares of Warner Bros. Discovery, which had declined by 60% since the merger, initially rose by about 12 percent in response to the restructuring announcement. The company\u2019s board still needs to ratify the restructuring plan. In a nonbinding vote, shareholders of Warner Bros. Discovery voted on June 2 to reject Zaslav\u2019s pay package that amounted to more than $61 million this year.\u00a0
.
This Warner Bros. Discovery restructuring is not without precedent in response to the weakness of the cable sector. In 2024, Comcast Corp. announced that it was splitting its cable channels, including USA Network, MSNBC and CNBC, from its movie studio and streaming platform. Last month, Lionsgate Studio Corp. also separated its cable operations from its streaming channel, Starz Entertainment Corp.

Check out other articles by Edward<\/a>

<\/p>\r\n","protected":false},"excerpt":{"rendered":"

\u00a9Courtesy of Warner Brothers Discovery Warner Bros. Discovery has announced that it will be splitting into two public companies next year, separating its cable operations from its streaming services. The new companies will be known as Streaming & Studios and Global Linear Networks when the restructuring is completed in the middle of 2026. In announcing…<\/p>\n","protected":false},"author":3,"featured_media":30189,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[32,20471],"tags":[396,10931,27258,27259,27260,27261,27257,9425],"acf":[],"yoast_head":"\nWarner Bros. Discovery To Split Into Two Companies In 2026 | Cinema Daily US<\/title>\n<meta name=\"description\" content=\"Warner Bros. Discovery has announced that it will be splitting into two public companies next year, separating from the cable.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cinemadailyus.com\/?p=30161\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Warner Bros. Discovery To Split Into Two Companies In 2026 | Cinema Daily US\" \/>\n<meta property=\"og:description\" content=\"Warner Bros. Discovery has announced that it will be splitting into two public companies next year, separating from the cable.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cinemadailyus.com\/?p=30161\" \/>\n<meta property=\"og:site_name\" content=\"Cinema Daily US\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-10T01:30:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cinemadailyus.com\/wp-content\/uploads\/2025\/06\/Warner-Dsicovery-Logo.png\" \/>\n\t<meta property=\"og:image:width\" content=\"968\" \/>\n\t<meta property=\"og:image:height\" content=\"462\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Edward Moran\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Edward Moran\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cinemadailyus.com\/?p=30161\",\"url\":\"https:\/\/cinemadailyus.com\/?p=30161\",\"name\":\"Warner Bros. Discovery To Split Into Two Companies In 2026 | Cinema Daily US\",\"isPartOf\":{\"@id\":\"https:\/\/cinemadailyus.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cinemadailyus.com\/?p=30161#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cinemadailyus.com\/?p=30161#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cinemadailyus.com\/wp-content\/uploads\/2025\/06\/Warner-Dsicovery-Logo.png\",\"datePublished\":\"2025-06-10T01:30:36+00:00\",\"dateModified\":\"2025-06-10T01:30:36+00:00\",\"author\":{\"@id\":\"https:\/\/cinemadailyus.com\/#\/schema\/person\/8bf0a19223aa026749c276918426a5bc\"},\"description\":\"Warner Bros. Discovery has announced that it will be splitting into two public companies next year, separating from the cable.\",\"breadcrumb\":{\"@id\":\"https:\/\/cinemadailyus.com\/?p=30161#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cinemadailyus.com\/?p=30161\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cinemadailyus.com\/?p=30161#primaryimage\",\"url\":\"https:\/\/cinemadailyus.com\/wp-content\/uploads\/2025\/06\/Warner-Dsicovery-Logo.png\",\"contentUrl\":\"https:\/\/cinemadailyus.com\/wp-content\/uploads\/2025\/06\/Warner-Dsicovery-Logo.png\",\"width\":968,\"height\":462,\"caption\":\"Warner Brothers Discovery\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cinemadailyus.com\/?p=30161#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cinemadailyus.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Warner Bros. Discovery To Split Into Two Companies In 2026\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cinemadailyus.com\/#website\",\"url\":\"https:\/\/cinemadailyus.com\/\",\"name\":\"Cinema Daily US\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/cinemadailyus.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/cinemadailyus.com\/#\/schema\/person\/8bf0a19223aa026749c276918426a5bc\",\"name\":\"Edward Moran\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cinemadailyus.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/cinemadailyus.com\/wp-content\/uploads\/2021\/02\/Edward-Moran-150x150.jpg\",\"contentUrl\":\"https:\/\/cinemadailyus.com\/wp-content\/uploads\/2021\/02\/Edward-Moran-150x150.jpg\",\"caption\":\"Edward Moran\"},\"description\":\"Edward Moran began his journalistic career many decades ago as a theater and cinema reviewer for Show Business and the New York Theater Review. More recently he contributed film reviews to hosokinema.com and Movie Sleuth. His writings have appeared in publications as diverse as the Times Literary Supplement, Publishers Weekly, the Paris Review, and the Massachusetts Review. Moran also edited a memoir by Oscar-nominated documentary filmmaker Christine Choy. He served as literary advisor to her film Hyam Plutzik: American Poet, which was the keynote film in the American Perspectives series at the 2007 Zebra Poetry Film Festival in Berlin.\",\"sameAs\":[\"https:\/\/www.cinemadailyus.com\"],\"url\":\"https:\/\/cinemadailyus.com\/?author=3\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Warner Bros. Discovery To Split Into Two Companies In 2026 | Cinema Daily US","description":"Warner Bros. Discovery has announced that it will be splitting into two public companies next year, separating from the cable.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cinemadailyus.com\/?p=30161","og_locale":"en_US","og_type":"article","og_title":"Warner Bros. Discovery To Split Into Two Companies In 2026 | Cinema Daily US","og_description":"Warner Bros. Discovery has announced that it will be splitting into two public companies next year, separating from the cable.","og_url":"https:\/\/cinemadailyus.com\/?p=30161","og_site_name":"Cinema Daily US","article_published_time":"2025-06-10T01:30:36+00:00","og_image":[{"width":968,"height":462,"url":"https:\/\/cinemadailyus.com\/wp-content\/uploads\/2025\/06\/Warner-Dsicovery-Logo.png","type":"image\/png"}],"author":"Edward Moran","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Edward Moran","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/cinemadailyus.com\/?p=30161","url":"https:\/\/cinemadailyus.com\/?p=30161","name":"Warner Bros. Discovery To Split Into Two Companies In 2026 | Cinema Daily US","isPartOf":{"@id":"https:\/\/cinemadailyus.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cinemadailyus.com\/?p=30161#primaryimage"},"image":{"@id":"https:\/\/cinemadailyus.com\/?p=30161#primaryimage"},"thumbnailUrl":"https:\/\/cinemadailyus.com\/wp-content\/uploads\/2025\/06\/Warner-Dsicovery-Logo.png","datePublished":"2025-06-10T01:30:36+00:00","dateModified":"2025-06-10T01:30:36+00:00","author":{"@id":"https:\/\/cinemadailyus.com\/#\/schema\/person\/8bf0a19223aa026749c276918426a5bc"},"description":"Warner Bros. Discovery has announced that it will be splitting into two public companies next year, separating from the cable.","breadcrumb":{"@id":"https:\/\/cinemadailyus.com\/?p=30161#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cinemadailyus.com\/?p=30161"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cinemadailyus.com\/?p=30161#primaryimage","url":"https:\/\/cinemadailyus.com\/wp-content\/uploads\/2025\/06\/Warner-Dsicovery-Logo.png","contentUrl":"https:\/\/cinemadailyus.com\/wp-content\/uploads\/2025\/06\/Warner-Dsicovery-Logo.png","width":968,"height":462,"caption":"Warner Brothers Discovery"},{"@type":"BreadcrumbList","@id":"https:\/\/cinemadailyus.com\/?p=30161#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cinemadailyus.com\/"},{"@type":"ListItem","position":2,"name":"Warner Bros. Discovery To Split Into Two Companies In 2026"}]},{"@type":"WebSite","@id":"https:\/\/cinemadailyus.com\/#website","url":"https:\/\/cinemadailyus.com\/","name":"Cinema Daily US","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cinemadailyus.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/cinemadailyus.com\/#\/schema\/person\/8bf0a19223aa026749c276918426a5bc","name":"Edward Moran","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cinemadailyus.com\/#\/schema\/person\/image\/","url":"https:\/\/cinemadailyus.com\/wp-content\/uploads\/2021\/02\/Edward-Moran-150x150.jpg","contentUrl":"https:\/\/cinemadailyus.com\/wp-content\/uploads\/2021\/02\/Edward-Moran-150x150.jpg","caption":"Edward Moran"},"description":"Edward Moran began his journalistic career many decades ago as a theater and cinema reviewer for Show Business and the New York Theater Review. More recently he contributed film reviews to hosokinema.com and Movie Sleuth. His writings have appeared in publications as diverse as the Times Literary Supplement, Publishers Weekly, the Paris Review, and the Massachusetts Review. Moran also edited a memoir by Oscar-nominated documentary filmmaker Christine Choy. He served as literary advisor to her film Hyam Plutzik: American Poet, which was the keynote film in the American Perspectives series at the 2007 Zebra Poetry Film Festival in Berlin.","sameAs":["https:\/\/www.cinemadailyus.com"],"url":"https:\/\/cinemadailyus.com\/?author=3"}]}},"_links":{"self":[{"href":"https:\/\/cinemadailyus.com\/index.php?rest_route=\/wp\/v2\/posts\/30161"}],"collection":[{"href":"https:\/\/cinemadailyus.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cinemadailyus.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cinemadailyus.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/cinemadailyus.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=30161"}],"version-history":[{"count":0,"href":"https:\/\/cinemadailyus.com\/index.php?rest_route=\/wp\/v2\/posts\/30161\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cinemadailyus.com\/index.php?rest_route=\/wp\/v2\/media\/30189"}],"wp:attachment":[{"href":"https:\/\/cinemadailyus.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cinemadailyus.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30161"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cinemadailyus.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}