Although WBD’s American studios and production divisions are being folded into David Zaslav’s new Warner Bros. business, we can reveal that the London-based WBITVP will, in fact, fall under the Discovery Global biz, which will be led by current WBD CFO Gunnar Wiedenfels. The separation is expected to close in mid-2026.

WBD president and CEO David Zaslav will continue to lead the executive team at Warner Bros, while WBD’s current chief financial officer Gunnar Wiedenfels will act as president and CEO for Discovery Global.

The venerable Burbank film and television studio properties, HBO, HBO Max streaming service and gaming properties will be part of Warner Bros. Cable networks, including TNT, CNN, HGTV, Animal Planet and Bleacher Report,