Warner Bros. Discovery plans to break itself into two next year, undoing Discovery's $43 billion purchase of Warner Bros. three years ago—a deal analysts call a resounding flop.

Warner Bros. Discovery (NASDAQ:WBD), which is splitting into two by mid-2026, will call its streaming and studios business "Warner Bros." and its networks business "Discovery Global," the company said in an official statement on Monday.

Warner Bros. Discovery Access UK and the Series Mania Institute have selected French screenwriter Julie-Anna Grignon as the winner of their 2025 Writers’ Programme. Grignon, who previously worked on series such as “Week-End Family” for Disney+, “Balthazar” for TF1, and “Endless Night” for Netflix, won €10,000 for series concept.