Warner Bros. Discovery Inc. $WBD has announced plans to spin off its streaming and studio operations into a standalone, publicly traded company by mid-2026. The move aims to sharpen operational focus and respond to shifting media consumption trends, particularly the accelerating migration from linear television to digital platforms.

At its 2024 annual shareholder meeting, Warner Bros Discovery Inc. $WBD encountered significant opposition regarding executive compensation practices. A majority of shareholders—over 59%—voted against the proposed pay packages for CEO David Zaslav and other senior executives. This vote, while non-binding, sends a clear signal to the board about mounting investor dissatisfaction with perceived excesses in executive remuneration.