Warner Bros. Discovery is breaking in two, and the split could leave HBO Max subscribers without some of the platform’s most-watched content. Under a sweeping corporate restructure set to take effect in 2026,

Warner Bros. Discovery has revealed the two new corporate entities for when the media company splits in mid-2026, but it has me worried about Discovery+.

The story of Warner Bros. Discovery is quickly becoming a tale of two companies — and that’s a narrative executives would really like Wall Street to hear. The company behind the Warner Bros. studio, the HBO Max streaming service and cable networks including CNN and HGTV saw improving results for its streaming operations and production