Warner Bros. Discovery Is Splitting Up: What It Means for You

The media conglomerate will divvy up its assets in movies, TV, gaming and other areas into two companies: Streaming & Studios and Global Networks.

For those who've just gotten used to the idea of HBO Max, Warner Bros. movies and Discovery Channel all existing under the same brand, we have some bad news: They're splitting up again.

Warner Bros. Discovery, which also owns CNN, Food Network, DC Studios and Warner Bros. Gaming, is splitting up into two separate public companies. According to a Monday press release, the two new companies will be called Streaming & Studios and Global Networks. Those are the real names -- it's hard to imagine their generic nature won't create some confusion among streaming customers, though you wouldn ...