WBD - Warner Bros. Discovery, Inc.

Warner Bros. Discovery, Inc. (WBD) is a leading global media and entertainment company resulting from the merger between Discovery, Inc. and AT&T's WarnerMedia business in April 2022. The company operates through three primary segments: Studios, Networks, and Direct-to-Consumer (DTC). In the Studios segment, WBD specializes in the production and release of films and television programs, distributing content across various platforms. The Networks segment encompasses domestic and international television networks, while the DTC segment includes popular streaming services such as Max, HBO Max, and discovery+, catering directly to consumers through subscriptions.

WBD's extensive portfolio features iconic franchises and brands, including DC Comics, HBO, CNN, and a vast collection of owned content that spans multiple genres and formats. Its diverse revenue streams come from advertising, distribution fees, content licensing, and subscription services. The company aims to maximize long-term shareholder value by leveraging its comprehensive entertainment ecosystem, emphasizing growth in DTC subscriptions, and harnessing its creative assets to produce compelling content that engages audiences worldwide.