WBD Networks, also known as Discovery, is a privately owned global broadcaster and media company headquartered in the US and part of Warner Bros. Discovery. Founded in 1985, the company operates with approximately 6580 employees and reported $17.7B in revenue as of 2025. Its portfolio of brands includes Discovery Channel, HGTV, Food Network, TLC, Investigation Discovery, Travel Channel, MotorTrend, Animal Planet, Science Channel, OWN: Oprah Winfrey Network, as well as the multi-platform joint venture with Chip and Joanna Gaines, Magnolia Network, in the U.S. In Latin America, it operates Discovery Kids, and in Europe, Eurosport, which provides 3 locally relevant, premium sports and is the Home of the Olympic Games across Europe. The company was previously known as Discovery, Inc.
Paramount Global announced on March 15, 2026, plans to integrate its Paramount+ service with BET+ and HBO Max, forming a single streaming service. This development follows Paramount Skydance's proposed $110 billion acquisition of Warner Bros. Discovery, aiming to establish a formidable competitor against Netflix and Disney+. On March 14, former CNN anchor Don Lemon questioned David Ellison’s assertion that he could sway MAGA voters to watch CNN, a network Ellison is acquiring in his bid for Warner Bros. Discovery, stating such voters would not watch factual news networks. Also on March 14, the International Brotherhood of Teamsters filed a report with the Department of Justice, expressing serious concerns about Paramount’s proposed acquisition of Warner Bros. Discovery and its impact on workers. Earlier that day, analysis indicated that Warner Bros. Discovery shareholders could see an approximate 14% gain if the Paramount–Skydance deal closes in Q3, representing an annualized spread of about 25%.
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