Warner Bros. Discovery: brands it owns and its ownership tree
Warner Bros. Discovery (NASDAQ: WBD) is a publicly listed company headquartered in New York, New York, United States that owns 9 consumer brands across 2 categories, and has 1 recorded transaction.[1]
Warner Bros. Discovery was formed in 2022 when AT&T spun off WarnerMedia and merged it with Discovery, three years after AT&T had paid $85 billion for it. The combined company carries very large debt from that history, which has shaped almost every decision it has made since.
Paramount Skydance agreed to buy Warner Bros. Discovery for $31.00 a share in cash, which the companies put at $81 billion in equity value and $110 billion in enterprise value. It would combine the Paramount and Warner Bros. film studios, CBS and CNN, and HBO Max with Paramount+. Warner Bros. Discovery shareholders approved it on 23 April 2026 and the European Commission cleared it in July 2026.
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Frequently asked questions
What brands does Warner Bros. Discovery own?
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Warner Bros. Discovery owns 9 consumer brands tracked here, including DC, TLC, Discovery Channel, Food Network, Warner Bros. and HBO.
Is Warner Bros. Discovery an American company?
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Yes. Warner Bros. Discovery is headquartered in New York, New York, United States and was founded in 2022.
Who owns Warner Bros. Discovery?
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Warner Bros. Discovery is a publicly listed company owned by its shareholders; it trades as WBD on the NASDAQ.
Sources (2) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.