Warner Bros. Discovery announced in June 2025 a plan to split into two public companies, Streaming & Studios and Global Networks

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

Warner Bros. Discovery said on Jun 9, 2025 that it planned to separate into two publicly traded companies, Streaming & Studios and Global Networks, in a tax-free transaction. Its press release listed Warner Bros. Games among the businesses of Streaming & Studios, and the company said it expected the separation to be completed by mid-2026, subject to conditions including final approval by its board. The same day its subsidiaries began tender offers (offers to buy back debt) for substantially all of their outstanding notes and debentures, up to about $14.6 billion in aggregate purchase price, which they intended to finance with a bridge loan facility of up to $17.5 billion committed by JPMorgan Chase Bank. The 8-K, a US company's report of a material event, was filed on Jun 9, 2025 and is on the SEC's EDGAR site.1^,2^,3^,4^,5^,6^,7^,8