Warner Bros. Discovery, Inc. (WBD)

Warner Bros. Discovery, Inc. (WBD)is an American multinational mass media and entertainment conglomerate headquartered in New York City. It was formed after the spin-off of WarnerMedia by AT&T, and its merger with Discovery, Inc. on April 8, 2022.

The company's properties are divided into nine business units, including the flagship Warner Bros. film and television studios, comic book publisher DC Entertainment, Home Box Office, Inc. (which includes HBO), U.S. Networks (which includes the majority of the ad-supported cable networks of its predecessors, including Discovery, Scripps Networks, Turner Broadcasting, and Warner), CNN, Sports (which includes Motor Trend Group, AT&T SportsNet, TNT Sports, and Eurosport, among others), Global Streaming & Interactive Entertainment (which includes the Discovery+ and Max streaming services, and video game publisher Warner Bros. Games), and International Networks.

It also holds a minority stake in The CW and a majority stake in the Food Network (including its spin-off network Cooking Channel), all of which are alongside Nexstar Media Group, and the former alongside Paramount Global.