Warner Bros. Discovery

Warner Bros. Discovery, Inc. (WBD) is an American multinational mass media and entertainment conglomerate headquartered in New York City. It was formed from WarnerMedia's spin-off by AT&T and merger with Discovery, Inc. on April 8, 2022. The company's properties are divided into nine business units, consisting of the flagship Warner Bros. film and television studios, comic book publisher DC Comics, Home Box Office, Inc. (including HBO, Cinemax and Magnolia Network), U.S. Networks Group (including the majority of the advertisement-supported cable channels of its predecessors, namely Discovery, Scripps Networks, Turner Broadcasting, and Warner), CNN Global (which includes CNN and CNN International), Sports (including Motor Trend Group, AT&T SportsNet, TNT Sports, and Eurosport), Global Streaming & Interactive Entertainment (which includes the Discovery+ and Max streaming services, as well as the video game publisher Warner Bros. Games), and International Networks. It also holds a minority stake in The CW and a majority stake in Television Food Network, G.P. (comprising Food Network and Cooking Channel), all of which exist alongside Nexstar Media Group, with Paramount Global also holding a minority stake in The CW. Background Warner Bros., Turner Broadcasting System, Scripps Networks Interactive and Discovery, Inc. have conjoined histories over the years. Warner Bros. was founded in April 4, 1923 by four brothers, Harry, Albert, Sam, and Jack Warner, the company established itself as a leader in the American film industry before diversifying into animation, television, and video games and is one of the "Big Five" major American film studios, as well as a member of the Motion Picture Association (MPA). In 1965, Turner Broadcasting System was founded by Ted Turner and based in Atlanta, Georgia. A year later, Kinney National Company came into existence and its media division became Warner Communications before merging with Time Inc. in 1990 to become Time Warner. During its time as Warner Communications, the company made a number of further acquisitions.