Warner Bros. Discovery will be Warner Bros. and Discovery after they break up

Warner Bros. Discovery announced that it will split into two separate companies: "Warner Bros." and "Discovery Global." Warner Bros. will oversee Warner Bros. Television, Motion Picture Group, DC Studios, HBO, HBO Max, and Gaming Studios, while Discovery Global will handle CNN, TNT's sports offerings, Discovery, Discovery Plus, and Bleacher Report. David Zaslav will continue to lead the executive team at Warner Bros., while Gunnar Wiedenfels will serve as president and CEO for Discovery Global. The companies aim to honor their "storied past" with the new names, but the restructuring is widely seen as a move to address Warner Bros. Discovery's significant debt problem. The separation will allow Warner Bros. and Discovery Global to operate independently, with the latter's debt no longer directly attached to Warner Bros. The announcement suggests a transparent effort to improve the company's financial standing and stock price, though the specific plan for Discovery Global's future profitability remains unclear.