Warner Bros. Discovery Unveils Split Plans and New Leadership Teams

Warner Bros. Discovery has officially detailed its upcoming corporate split, separating its television properties from its studios and streaming services. This strategic division will create two distinct entities: one focused on streaming and studios, and the other on global networks, including television channels across the United States and Europe.

The announcement, made via a press release on October 9, 2023, confirmed that the streaming and studios division will be named Warner Bros., led by current President and CEO David Zaslav. The second entity, Discovery Global, will be headed by Gunnar Wiedenfels, who presently serves as the CFO of Warner Bros. Discovery. This corporate restructuring is set to take effect in mid-2026.

Leadership Teams Established for New Entities

The leadership teams for both companies have been announced, highlighting a blend of experience and innovation. The team for Warner Bros. includes:

– David Zaslav – President and CEO
– Pam Abdy – Co-Chair and CEO, Warner Bros. Motion Picture Group
– Casey Bloys – Chairman and CEO, HBO and HBO Max
– James Gunn – Co-Chairman and CEO, DC Studios
– Bruce Campbell – Chief Operating Officer

The leadership team for Discovery Global features:

– Gunnar Wiedenfels – President and CEO
– Mark Thompson – Chairman and CEO, CNN Worldwide
– Kasia Kieli – President and MD, Poland and CEO, TVN
– Fernando Medin – President, International
– Fraser Woodford – Chief Financial Officer

Zaslav expressed pride in continuing the legacy of Warner Bros., emphasizing the commitment to delivering “culture-defining stories, characters and entertainment to audiences around the world.” He noted that significant strides have been made in recent years, including investments in a profitable global streaming service and rejuvenating studio operations to restore industry leadership.

Meanwhile, Wiedenfels highlighted the excitement surrounding the formation of Discovery Global, stating, “Our enthusiasm for the opportunities ahead only grows thanks to our leading portfolio of beloved brands and programming.” He underscored the importance of operational excellence and strategic investments to enhance content delivery to worldwide audiences.

The separation into Warner Bros. and Discovery Global marks a significant step in the evolution of the company, aiming to enhance focus on their respective core areas. As both entities prepare for their official launch, the leadership teams are poised to leverage their extensive experience to navigate the challenges and opportunities within the media landscape.

With this split, Warner Bros. Discovery aims to position itself strategically for future growth and innovation, ensuring it remains at the forefront of the entertainment industry.