Warner Bros Discovery
Warner Bros Discovery is an international mass media conglomerate that was formed by the merger of AT&T’s WarnerMedia with Discovery, Inc. in April 2022. The company owns several domestic and international pay television channels — including CNN, TBS, TNT, the Discovery Channel, Animal Planet, HBO, Cinemax, Eurosport, AT&T Sportsnet, TVN Poland and Three (New Zealand) — along with streaming services Max (formerly HBO Max) and Discovery Plus. The company is based in New York City.
As of October 2026, Warner Bros Discovery is owned by Skydance, formerly Paramount Global.
Netflix sees modest bump in revenue during Q1; Reed Hasting to leave board
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EARNINGS REPORT
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FIRST ON THE DESK
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FIRST ON THE DESK
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RATINGS
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Viewpoint: The hidden upside of WBD’s linear leftovers
Brian Ring offers his analysis on Netflix’s bid for Warner Bros Discovery — and why “leftover” linear TV assets might be more valuable than Wall Street believes
By:
Brian L. Ring
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