Warner Bros. Discovery is planning to split into two publicly-traded companies by next year, one company focused on film, streaming and content production and the other concentrating on traditional television, including cable TV properties CNN, Discovery and TNT Sports. The Streaming & Studios company will contain Warner Bros. Television, Warner Bros. Motion Picture Group, DC Studios, HBO, and HBO Max, as well as the film and television libraries. Global Networks will include CNN, TNT Sports in the U.S. as well as top free-to-air European channels, Bleacher Report and the Discovery+ streaming network. Continue reading WBD Will Split into Two Publicly Traded Companies Next Year

Discovery plans to merge Discovery+ and WarnerMedia’s HBO Max into one streaming service shortly after completing the acquisition of AT&T’s entertainment spinoff WarnerMedia. The news was shared by Discovery CFO Gunnar Wiedenfels, speaking Monday at Deutsche Bank’s 30th Annual Media, Internet & Telecom Conference. Wiedenfels said that the transition will likely take “several months” but “an interim solution” will be introduced “in the meantime.” “Building one very, very strong combined direct-to-consumer product and platform, that’s going to take a while,” he said. Continue reading HBO Max, Discovery+ Will Be Combined into a Single Service

Discovery plans to debut a streaming service, discovery+ that will include shows from its major networks TLC, Food Network, Discovery Channel and Animal Planet. It will also license library programming from the BBC, A&E Networks and Group Nine Media. The new service will launch in the United States on January 4 and cost $4.99 per month with ads and $6.99 without. Discovery and Verizon Communications inked a deal to provide the service free to the telecom’s U.S. customers for a year, with the two companies sharing the cost. Continue reading Discovery to Introduce Its New Streaming Service in January