WBD Studios, privately owned by Warner Bros. Discovery and headquartered at its historic 110-acre main lot in Burbank, California, employs approximately 39,050 individuals and reported $12.6B in revenue as of 2025. The company specializes in entertainment content rights, with subsidiaries including Flagship Entertainment Group, New Line Cinema, Telepictures, Warner Bros International Television Production (WBITVP), and Warner Bros. Pictures Animation. Functioning as a public commercial film and television studio facility division under the Warner Bros. Discovery, Inc. corporate umbrella, WBD Studios' underlying infrastructure traces its origins to 1926 when First National Pictures constructed the foundational Burbank lot, which was subsequently acquired by Warner Bros. in 1928 and eventually integrated into the Warner Bros. Discovery corporate portfolio following the media conglomerate's merger in 2022. The company also has major international physical expansions, including Warner Bros. Studios Leavesden in Hertfordshire, United Kingdom. The enterprise functions as a provider of physical production spaces, technical craftsmanship, and stage rentals for the global entertainment industry.
On October 2, 2026, David Ellison, CEO of Paramount Skydance, stated that the combined entity following its merger with Warner Bros. Discovery (WBD) will be named Skydance. Ellison clarified this decision aims to maintain separate identities for the Paramount and Warner Bros. studios rather than consolidating them under a new brand. Earlier the same day, Ellison announced the upcoming completion of the merger with Warner Bros. Discovery, valuing the new Skydance entity at $110 billion. This merger represents a pivotal point for the company, following two significant acquisitions over the past 18 months. Also on October 2, Cindy Holland, who oversaw Paramount’s streaming operations, departed the company, ahead of the expected acquisition completion. HBO’s Casey Bloys is reportedly set to take over Paramount's streaming business. Previously, major questions had emerged regarding the post-merger fate of James Gunn and the DCU amidst ongoing merger discussions between Paramount Skydance and Warner Bros. Discovery.
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WBD Studios offers products in the media and telecoms services industry. WBD Studios's product portfolio comprises of entertainment content rights.
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WBD Studios's revenues were over $1B in 2025. All the revenue comes from entertainment rights and distribution.
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