Warner Bros. Discovery (NASDAQ: WBD) is a global media and entertainment company formed when WarnerMedia and Discovery, Inc. combined their businesses in 2022. Headquartered in New York City, the company assembles a broad portfolio of film and television production, linear and cable networks, streaming services and consumer distribution operations. Its assets span well-known studio brands, premium scripted and unscripted programming, news and factual entertainment, and licensed franchise properties.
The company's core activities include film and television production and distribution through units such as Warner Bros. Pictures, New Line Cinema and Warner Bros. Television; premium subscription programming via HBO content; and a large collection of cable and broadcast networks drawn from both legacy WarnerMedia and Discovery lineups, including entertainment, news, kids and lifestyle channels. Warner Bros. Discovery also operates a direct-to-consumer streaming service (Max), which aggregates scripted HBO content together with unscripted and lifestyle programming from Discovery’s portfolio. In addition to content creation and streaming, the company generates revenue from advertising, licensing, syndication and global distribution deals.
Warner Bros. Discovery serves audiences and commercial partners worldwide, with operations and localized content in North America, Europe, Latin America and the Asia-Pacific region. Its businesses supply content for cinemas, broadcasters, digital platforms and third-party streaming services, and the company manages extensive intellectual property and franchise catalogs used across multiple media, consumer products and theme-park licensing arrangements.
The company is led by CEO David Zaslav, who has overseen the integration of the two legacy companies and the strategic emphasis on combining premium scripted content with broad unscripted and lifestyle offerings and scaling the company’s streaming and distribution footprint. Warner Bros. Discovery remains focused on leveraging its content library and brands to pursue growth across subscription, advertising and licensing channels.