Warner Bros. Discovery

http://wbd.com
https://www.linkedin.com/company/warner-bros-discovery/

Warner Bros. Discovery, also known as WBD, is a publicly owned entertainment provider headquartered in the US. Founded in 2022, the company operates with approximately 36,250 employees and reported $39.3B in revenue as of 2024. Functioning as an American multinational mass media and entertainment conglomerate, Warner Bros. Discovery was formed from WarnerMedia's spin-off by AT&T and its merger with Discovery, Inc. on April 8, 2022. Its properties are organized into two primary divisions: Streaming & Studios, encompassing flagship Warner Bros. studios, HBO, DC Entertainment, and the company's streaming services; and Global Linear Networks, which includes advertising-supported cable networks inherited from predecessors such as Discovery (e.g., Discovery Channel), Scripps Networks Interactive (e.g., HGTV), and Turner Broadcasting System (e.g., Cartoon Network, CNN, TBS, and TNT). Warner Bros. Discovery International is also part of this division, overseeing the company's broadcasting operations outside of the United States.

2025 Revenue

Founded

2022

Headcount

36,243

Headquarters

Primary Segment

Entertainment Providers

Ownership

Publicly Owned

News Summary:

The Justice Department’s investigation into Netflix Inc.’s proposed $72 billion takeover of Warner Bros. Discovery Inc. includes scrutiny of the streaming giant’s behavior and whether it wields anticompetitive leverage over creators in negotiations for acquiring programming, a development reported on February 22. This followed Paramount Skydance’s announcement on February 22 that a key U.S. antitrust waiting period tied to its proposed $108.4 billion all-cash takeover bid for Warner Bros. Discovery expired on February 19, removing one procedural hurdle in its attempt to acquire the company, though a DOJ review still looms. Earlier on February 22, a Hollywood power struggle erupted over Netflix's planned acquisition, with actor Mark Ruffalo speaking out after director James Cameron criticized the deal in a letter to US Senator Mike Lee, warning it could seriously hurt movie theaters. This concern mirrored broader industry anxiety expressed on February 22 by box office operators, including Cinemark Holdings, AMC Entertainment Holdings, and Kinepolis Group, who are bracing for Netflix's plan to acquire Warner Bros. Discovery, fearing it could squeeze theatrical releases just as the industry recovers from the pandemic and Hollywood strikes.

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Mar

4th

2026

23:15

Layoffs, B2B Tag

The Blockbuster Bottleneck: What the Paramount-Warner Bros. Merger Means for Hollywood's Future

Summary The Warner Bros.-Paramount merger solidifies an entertainment oligopoly, leading to massive industry layoffs and fewer overall productions as the studios consolidate operations Burdened by corporate debt, major studios will abandon mid-budget originality in favor

Hypebeast

Mar

4th

2026

18:54

Emerging Tech

WBD Acquisition Was Always About Price, Not Politics

Netflix CFO: Non-WBD Acquisition Was Always About Price, Not Politics Erik Gruenwedel The questions keep coming at Netflix after it walked away from the Warner Bros. Discovery auction, enabling Paramount Skydance to acquire the media giant for a staggering $77 billion in cash, for an enterprise value of $111 billion.

Media Play News

Mar

4th

2026

17:53

B2B Tag

Paramount’s Warner Bros. Megadeal Could Upend Canada’s Battle For TV Viewers

How Canadians view HBO programming — and much else in the future battle for TV eyeballs north of the U.S. border — is up for grabs after Paramount Skydance, owner of Paramount+, won a bidding war to acquire Warner Bros.

The Hollywood Reporter

Mar

4th

2026

16:38

Emerging Tech, B2B Tag

Paramount-Warner deal promises to shake up the streaming landscape

Over the last few years, the streaming wars hit a standstill. Netflix and YouTube have sat comfortably in the lead, competing head to head for the biggest share of viewing time in living rooms around the world.

Business Standard

Mar

4th

2026

16:38

B2B Tag

Paramount-Warner deal promises to shake up the streaming landscape

By John Koblin Over the last few years, the streaming wars hit a standstill. Netflix and YouTube have sat comfortably in the lead, competing head to head for the biggest share of viewing time in living rooms around the world.

Business Standard

Mar

4th

2026

15:42

B2B Tag

Paramount Report Reveals Plans For James Gunn’s DC Studios After Warner Bros. Merger

A report reveals how Paramount plans to approach DC Studios if their merger with Warner Bros. Discovery goes through. Every fandom owned by Warner Bros. Discovery is in five-alarm fire mode now that it seems Paramount will be the company successfully taking over the studio in a merger.

Heroic Hollywood

Mar

4th

2026

14:02

B2B Tag

President Trump Buys Netflix Debt Worth Up to $1.25 Million Amid WBD Sale

President Donald Trump added more Netflix bonds to his financial portfolio, totaling up to $1.25 million, amid the streamer’s bidding war for Warner Bros. Discovery. According to financial disclosures released by the White House Wednesday, the president bought two tranches of Netflix bonds.

TheWrap

Mar

4th

2026

13:23

Regulatory and Legal, Emerging Tech

The Full Stack Government

What is happening in the United States is not a scandal. It is not a series of controversies. It is not even corruption in the ordinary sense of the word — individual bad actors abusing individual offices for individual gain.

Medium

Mar

4th

2026

13:15

B2B Tag

What This Massive Streaming Merger Means for You

By Michaela Gordoni When the merger between Warner Bros. Discovery and Paramount completes, HBO Max and Paramount+ will combine into one streaming service while HBO, the brand, will “operate with independence.” “As we said, we do plan to put the two services together, which today gives us a little over 200 million direct-to-consumer subscribers,” said Paramount CEO David Ellison.

Movieguide

Mar

4th

2026

13:00

Emerging Tech

Every streaming service that's raised its prices in 2026 (so far)

The streaming industry is in its "nothing stays still" era. Catalogs continuously rotate, bundles get reshuffled and dropped, services rebrand, merge, and corporate consolidation keeps rewriting the map. The latest whiplash example is Paramount Skydance’s victory over Netflix to buy Warner Bros.

How-To Geek

Mar

4th

2026

11:42

Emerging Tech, B2B Tag

A New Major Streaming Service Is On The Way: Say Goodbye to HBO Max (Again)

Disney+ and Hulu are set to merge into one super-streaming service later this year. But Disney isn’t the only entertainment giant looking to consolidate in 2026. Paramount+ already merged with SHOWTIME a couple of years ago, and now it’s positioned to do the same with HBO Max.

CableTV

Mar

4th

2026

11:08

Emerging Tech

Burning Questions for Paramount’s Warner Bros. Deal: Who Does David Ellison Think He Is? What’s Next for Netflix?

As the new reality set in, the questions multiplied. Paramount Skydance shocked the entertainment industry on Feb. 26 with the news that it had reached an agreement to acquire Warner Bros. Discovery, muscling aside Netflix to pull off the kind of come-from-behind victory that is usually the stuff of inspirational sports movies.

Variety

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Warner Bros. Discovery currently holds 119 broadcasting rights for sports competitions including rugby union, ice hockey, biathlon, climbing, wrestling, athletics, professional wrestling, cricket, beach volleyball, golf, soccer | association football, sailing, winter sports, marathon, basketball, snooker, motorsports, tennis, combat sports, multi-sport, equestrianism, surfing and triathlon.