WBD Networks, also known as Discovery, is a privately owned global broadcaster and media company headquartered in the US, operating under its parent company, Warner Bros. Discovery. Founded in 1985, with approximately 6,580 employees, the company reported $17.7B in revenue as of 2025. It specializes in entertainment, with a portfolio of brands including Discovery Channel, HGTV, Food Network, TLC, Investigation Discovery, Travel Channel, MotorTrend, Animal Planet, Science Channel, OWN: Oprah Winfrey Network, and the multi-platform joint venture with Chip and Joanna Gaines, Magnolia Network, in the U.S. WBD Networks also operates Discovery Kids in Latin America and Eurosport, a provider of locally relevant, premium sports and the Home of the Olympic Games across Europe. The entity was previously known as Discovery, Inc. Its subsidiaries include BluTV, Cable News Network (CNN), Discovery Networks International, Discovery Networks U.S., Eurosport, Motortrend Group, Otter Media Holdings, Play Sports Group, TNT, TNT Sports (BT Sport), TNT Sports (Chile), TNT Sports (US), TVN Warner Bros. Discovery, Turner Broadcasting Systems (TBS), Warner Bros. Discovery Germany, and Warner Bros. Discovery New Zealand.

2025 Revenue

Founded

1985

Headcount

6,573

Headquarters

United States

Primary Segment

Entertainment

Ownership

Privately Owned

News Summary:

On June 26, 2026, Paramount Skydance Corporation extended the expiration dates for its previously announced exchange and tender offers. Earlier the same day, Warner Bros Discovery (WBD) acquired the queer drama *Tip Toe* for HBO Max in 14 European countries, including Belgium, Denmark, Finland, France, Germany, and Italy. Concurrently, Paramount secured the linear rights to WBD’s *Harry Potter* and *Fantastic Beasts* film franchises in the US, a multi-year licensing agreement that also grants Paramount exclusive streaming rights to the 2026 film *Wardriver*, distributing these titles across MTV, Nickelodeon, Nick at Nite, and Paramount Network. The previous day, on June 25, 2026, Warner Bros. Discovery released viewership numbers for the first three days of *House of the Dragon* season 3, which indicated promising longevity for the series. This followed news from earlier on June 25, 2026, when the proposed $110 billion acquisition of Warner Bros. Discovery by Paramount Skydance faced a significant regulatory hurdle in Europe.
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Examples of WBD Networks (Discovery)'s suppliers include AI-Media, Skyline Communications and Xytech Systems.

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WBD Networks (Discovery) currently holds 14 broadcasting rights for sports competitions including cycling and tennis.

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