Warner Bros. Discovery (NASDAQ:WBD) is a global media and entertainment company formed through the merger of WarnerMedia and Discovery in 2022. The combined entity traces its roots to Warner Bros., founded in 1923 as a pioneering film studio, and Discovery, launched in 1985 as a leading nonfiction content network. This strategic consolidation created a diversified portfolio spanning film production, television networks, direct‐to‐consumer streaming services and complementary businesses such as advertising sales and content licensing.
In its film and television segment, Warner Bros. Discovery operates renowned studios and networks. The company produces theatrical motion pictures under the Warner Bros. Pictures and New Line Cinema banners, alongside television programming on channels such as HBO, TNT, TBS, CNN, Discovery Channel, Animal Planet and Food Network. These brands deliver a mix of original scripted series, documentaries, news programming and sports coverage, serving audiences with high‐profile franchises and acclaimed standalone projects.
On the digital front, Warner Bros. Discovery offers direct‐to‐consumer streaming services, including HBO Max (rebranded Max) and discovery+. These platforms provide subscribers with on‐demand access to the company’s extensive content libraries, live sports events and exclusive originals. The company is investing in technology and user experience enhancements to drive subscriber growth and deepen viewer engagement through targeted advertising and data‐driven personalization.
Headquartered in New York City, Warner Bros. Discovery reaches audiences across North America, Latin America, Europe, Asia-Pacific and Africa. Under the leadership of CEO David Zaslav, the company is focused on optimizing its content pipeline, expanding its global footprint and leveraging scale in production and distribution. With a diverse leadership team overseeing programming, technology, marketing and corporate development, Warner Bros. Discovery aims to capitalize on evolving consumer preferences and the ongoing shift toward streaming and digital consumption.
