What does Warner Bros Discovery do?

Warner Bros. Discovery, Inc. (WBD) is a leading American multinational mass media and entertainment conglomerate based in New York City. Formed on April 8, 2022, through the merger of WarnerMedia and Discovery, Inc., WBD combines premium entertainment, sports, and news assets with a strong portfolio of non-fiction and international content. The company generates over $39 billion in annual revenue through network advertising, affiliate fees, and direct-to-consumer subscriptions. WBD operates through three main segments: Studios, Networks, and Direct-to-Consumer. The Studios segment produces feature films and television programming, while the Networks segment includes a wide range of domestic and international channels such as CNN, TBS, and HGTV. The Direct-to-Consumer segment manages popular streaming platforms like Max and Discovery+. With a diverse array of iconic brands, including HBO, DC Comics, and the Harry Potter franchise, WBD serves a global audience across various demographics and interests.