03:42 PM EDT, 09/03/2025 (MT Newswires) -- Warner Bros. Discovery ( WBD ) is weighing the sale of a 20% stake in its studio and streaming arm ahead of its planned split into two companies next year, Bloomberg reported Wednesday, citing a statement from Chief Financial Officer Gunnar Wiedenfels at a Bank of America conference.

The split, slated for Q2 2026, will leave Discovery Global, which operates CNN and the Discovery Channel, with a 20% interest in Warner Bros., the other half that includes the studio and HBO Max, according to the report.

Wiedenfels will head Discovery Global, while Chief Executive David Zaslav will lead the studio and streaming businesses, the company previously said.

Warner Bros. Discovery ( WBD ) didn't immediately respond to a request for comment from MT Newswires.

Shares of Warner Bros were up nearly 3% in recent Wednesday trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources, but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 11.97, Change: +0.35, Percent Change: +2.98