For now, the outcome remains highly uncertain. Any acquisition of Warner Bros. Discovery would likely be reviewed by the Trump administration, which could move to block a proposed merger over anti-monopoly concerns, according to antitrust experts from Vanderbilt University, the University of Tennessee and the Cardozo Law School.

A major transaction has long felt inevitable. The 2022 merger saddled the company with roughly $50 billion in debt, leaving its leadership little choice but to explore a breakup or sale. If the split proceeds, WBD CEO David Zaslav would continue leading the Warner Bros. side, and Discovery Global would be led by current CFO David Wiedenfels.

"The service is set to launch in the U.K. and Ireland in early 2026, completing its European rollout," says Warner Bros. Discovery.

Matthew McConaughey said it best. “Sometimes you gotta go back to actually move forward.” Warner Bros. Discovery is taking McConaughey’s advice to heart as the company’s streaming platform will be rebranded as HBO Max. On Wednesday, Warner Bros.

EXCLUSIVE: Television’s steamiest Heated Rivalry is just getting started. We can reveal Canadian streamer Crave has greenlighted a second season of LGBTQ+ ice hockey drama, with HBO Max again boarding for rights in the U.

Now Streaming” is The Fly’s weekly recap of the stories surrounding the biggest content streamers. PLAYING THIS WEEKEND: This week’s most notable

On December 8, 2025, Paramount Skydance submitted an unsolicited all‑cash bid to acquire Warner Bros. Discovery (WBD), valuing the company at approximately US$108.4 billion, or $30 per share in cash.