Warner Bros. Discovery, Inc.

Warner Bros. Discovery, Inc. is an American multinational mass media and entertainment conglomerate headquartered in New York City. The company's mission is to create and distribute the world's most differentiated and complete portfolio of content, brands, and franchises across television, film, streaming, and gaming, aiming to entertain, inform, and inspire audiences globally.

The company operates through two primary segments: Streaming & Studios and Global Linear Networks. Its extensive portfolio includes iconic brands such as HBO, Max, Discovery+, CNN, DC, Warner Bros. Entertainment, HGTV, Discovery Channel, Food Network, TNT, TBS, TLC, Animal Planet, Cartoon Network, and Eurosport, among many others. Warner Bros. Discovery is a leading creator, owner, and distributor of intellectual property in film, television, sports, news, and games.

Formed in April 2022 from the merger of WarnerMedia (spun off from AT&T) and Discovery, Inc., the company is led by President and CEO David Zaslav. In recent news, Warner Bros. Discovery shareholders approved a proposed acquisition by Paramount Skydance for $110.9 billion on April 23, 2026, though the deal is still subject to regulatory approval. This development followed a period in 2025 where the company's revenue declined for the second consecutive year, and CEO David Zaslav's compensation notably tripled to $165 million, largely due to one-time stock options.