Which company was formed by the 2022 merger of WarnerMedia and Discovery?

Warner Bros. Discovery was formed by the 2022 merger of WarnerMedia and Discovery.

AT&T separated WarnerMedia in a transaction with Discovery that closed in April 2022. The new company combined WarnerMedia’s Warner Bros. film and television studio, HBO, CNN, and other assets with Discovery’s factual, lifestyle, and international television networks. David Zaslav became president and chief executive.

The deal reflected the growing importance of scale in streaming and global entertainment. Warner Bros. Discovery inherited major brands and libraries, including HBO Max, which later became part of the company’s streaming strategy. The combined business also carried substantial debt, making cost control and restructuring central early priorities.

WarnerMedia was not the final name of the combined company, and Discovery, Inc. ceased to be the standalone public company after closing. The exact corporate name was Warner Bros. Discovery, while the company’s streaming products and brands have continued to evolve.