What is the offer from Paramount?
Warner Bros. Discovery’s new television-focused spinoff, to be called Discovery Global, said it plans to make its first presentation on Wednesday, May 13, 2026, suggesting it remains committed to a separation even as Warner Bros. Discovery engages in a strategic review that could ultimately sell its assets to various bidders. Paramount Skydance has made no secret of its interest in acquiring Warner Bros. Discovery outright.
Discovery Global is comprised of the company’s traditional television properties and is expected to continue to represent U.S. advertising inventory associated with Warner Bros. properties, including the HBO Max streaming service.
“At Discovery Global, we aim to inspire and empower our audiences through bold storytelling and compelling stories,” Gunnar Wiedenfels, Warner Bros. Discovery CFO and CEO of the new Discovery Global, said in a statement. “We are committed to deepening connections between people and the world around them, while delivering innovative, data-driven solutions that help brands meaningfully engage with engaged global audiences. By bringing together creativity and intelligence, we aim to build lasting partnerships and deliver measurable results.”
This presentation will spotlight popular television brands including Adult Swim, Bleacher Report, CNN, Discovery, Food Network, HBO, HGTV, Investigation Discovery, Magnolia, OWN, TBS, TLC, and TNT Sports. Still, assets including HBO Max and Discovery+. Warner Bros. Television, Warner Bros. Picture Group and DC Studios will also be featured.
“While our structure is changing, our shared commitment to creating meaningful connections between audiences and brands is stronger than ever,” Ryan Gould, president of U.S. advertising sales at Warner Bros. Discovery, said in a statement. “We look forward to showcasing how Discovery Global and Warner Bros.’ world-class portfolio can connect advertisers with high-impact consumer engagement and create unparalleled value.”
“The 2026 Upfront will be a bold new chapter for Discovery Global and Warner Bros., where strategic vision meets brand leadership across sports, news, entertainment and streaming,” Bobby Voltaggio, president of U.S. ad sales and platform monetization for Warner Bros. Discovery, said in a statement. “Through cutting-edge innovation in ad tech, data and product development, we are not only shaping the future, we are inviting our partners to build it with us.”
The company faced headwinds in its 2025 pre-sales session as it lost the NBA rights, which moved to NBC Universal and Amazon starting this season. Now that that has passed, there may be some hope that more normalized negotiations will take place, focusing on the assets the company owns.
