Warner Bros. Discovery

Not to be confused with the entertainment subsidiary Warner Bros. or its film division Warner Bros. Pictures.
Warner Bros. Discovery, Inc.
Company typePublic
ISINUS9344231041
Industry
Predecessors
FoundedApril 8, 2022; 2 years ago (2022-04-08)
Headquarters230 Park Avenue South,
New York City, New York
,
U.S.
Area served
Worldwide
Key people
RevenueIncrease US$41.32 billion (2023)
Negative increase US$−1.55 billion (2023)
Negative increase US$−3.13 billion (2023)
Total assets Decrease US$122.8 billion (2023)
Total equityDecrease US$45.23 billion (2023)
OwnerAdvance Publications (8%)[2]
AT&T (9.9%)
Number of employees
34,300 (2024)[3]
Divisions
Subsidiaries
Websitewbd.com
Footnotes / references
[3]

Warner Bros. Discovery, Inc. (WBD) is an American multinational mass media and entertainment conglomerate headquartered in New York City. It was formed from WarnerMedia's spin-off by AT&T and merger with Discovery, Inc. on April 8, 2022.

The company's properties are divided into nine business units, consisting of the flagship Warner Bros. film and television studios, comic book publisher DC Comics, Home Box Office, Inc. (including HBO, Cinemax and Magnolia Network), U.S. Networks Group (including the majority of the advertisement-supported cable channels of its predecessors, namely Discovery, Scripps Networks, Turner Broadcasting, and Warner), CNN Worldwide (which includes CNN and CNN International), TNT Sports (including Motor Trend Group, TNT Sports UK, and Eurosport), Global Streaming & Interactive Entertainment (which includes the Discovery+ and Max streaming services, as well as the video game publisher Warner Bros. Games), and International Networks. It also holds a one-eighth stake in The CW (with Paramount Global also owning a one-eighth stake), and a majority stake in Television Food Network, G.P. (comprising Food Network and Cooking Channel), which are co-owned by Nexstar Media Group.

  1. ^ "S&P Dow Jones Indices Announces Treatment of AT&T Transaction with Discovery" (PDF). S&P Dow Jones Indices. S&P Global. April 7, 2022. Archived (PDF) from the original on April 7, 2022. Retrieved May 24, 2022.
  2. ^ "Warner Bros. Discovery – Annual Reports & Proxies". ir.wbd.com. Archived from the original on August 17, 2022. Retrieved August 5, 2022.
  3. ^ a b "Warner Bros. Discovery Form 10-K". U.S. Securities and Exchange Commission. February 23, 2024. pp. 11, 59, 61. Retrieved February 23, 2024.