What if Amazon acquired Warner Bros. Discovery

On May 17, 2021, AT&T announced that it had agreed to spin off its content subsidiary WarnerMedia (the former Time Warner, which AT&T had acquired in 2018 for just over $85 billion in an attempt to become a vertically integrated media conglomerate) and merge it with Discovery Inc. to form a new company, subject to regulatory approval, on the same date, Amazon entered negotiations to acquire MGM, on May 26, 2021, Amazon announced their intent to acquire the studio for $8.45 billion, with the studio and its units/assets continuing operations under the new parent company. What if Amazon joined as a merger partner? Let's see what could happen...

Potential changes

 * Amazon.com Inc. will be merged into Warner Bros. Discovery, thus Amazon and it's assets would become a subsidairy of Warner Bros. Global Brands and Franchises.
 * Amazon Studios would be folded into Warner Bros. Pictures Group and Warner Bros. Television Studios.
 * MGM and it's subsidiaries would became a label of Warner Bros. Pictures Group, thus New Line Cinema would became an arthouse unit of Warner Bros. Pictures Group, American International Pictures would became a traveller unit of Warner Bros. Pictures Group, United Artists would became a genre unit of Warner Bros. Pictures Group, & Orion Pictures would became a B Movie unit of Warner Bros. Pictures Group.
 * The post-1986 MGM, post-1952 United Artists and post-1982 Orion Pictures catalogues would now be owned by Warner Bros. Discovery.
 * MGM Home Entertainment would became a label of Warner Bros. Home Entertainment.
 * Orion Home Video would be revived as a label of Warner Bros. Home Entertainment.
 * Warner Bros. Discovery will acquire the remaining 50% of United Artists Releasing from Annapurna Pictures, and will be folded into Warner Bros. Pictures 'distribution arm.
 * MGM Television and it's subsidiaries would became a label of Warner Bros. Televison
 * Amazon Games and it's subsidiaries would be folded into Warner Bros. Interactive Entertainment
 * Epix Entertainment LLC would be folded into Home Box Office, Inc., thus Epix would became a subsidiary of Home Box Office, Inc.
 * Epix Now, & Discovery+ would merge into HBO Max.
 * Warner Bros. Discovery would acquire Image Comics, and will be folded into DC Comics
 * Warner Bros. Discovery would acquire A24, and would become an indie unit of Warner Bros. Pictures
 * Warner Bros. Discovery would acquire 50% stake in The CW from ViacomCBS, thus The WB would relaunch.
 * Some of pre-March 31, 1996 PolyGram Filmed Entertainment library would be sold to Comcast, thus most of pre-March 31, 1996 PolyGram Filmed Entertainment library such as, pre-1994 Castle Rock Entertainment library would be transferred to pre-2010 Castle Rock Entertainment film library & pre-2001 Castle Rock Entertainment television Library.
 * The Pre-1950 Warner Bros Library would be transferred from Turner Entertainment library to the post-1950 Warner Bros. Library.
 * The pre-May 1986 MGM film and television library would be transferred from Turner Entertainment library to MGM's post-April 1986 library, while pre-May 1986 MGM cartoon library would be transfered from pre-1986 MGM Film & Televison library (due to being transferred from Turner Entertainment library to MGM's post-April 1986 library) to The majority of the Hanna-Barbera Productions library, which would be transferred from Turner Entertainment library to Warner Bros Animation Library.
 * 21st Century Film Corporation's Dimension Pictures library would be sold to Lantern Entertainment, which would be acquire by ViacomCBS.
 * Warner Bros. Discovery would acquire the pre-1974 Rankin/Bass Productions library & The Legend of Frosty the Snowman from Classic Media.
 * Warner Bros. Discovery would acquire primary distribution rights to Batman 1966-1968 (Movie + TV Series) from Disney.
 * Warner Bros. Discovery would sell Hanna Barbera's Fantastic Four & New Line's Blade Franchise (1998-2006) to Disney and transferred to Marvel Animation & Marvel Studios.
 * This would allow DC Comics (also owned by WarnerMedia) to publish titles based on MGM franchises such as The Pink Panther, James Bond, Rocky, RoboCop, Stargate, Hannibal, The Addams Family and Spaceballs.
 * Warner Bros. Discovery would acquire North American distribution rights to The Evil Dead (1981), Evil Dead II: Dead by Dawn, Army of Darkness, & Evil Dead (2013 remake) from Lionsgate, Universal Pictures & Sony Pictures.
 * Warner Bros. Discovery would acquire North American television distribution rights to Ash vs. Evil Dead (2015-2018) from Starz.

Assets
Amazon's assets will be merged with Warner Bros. Discovery's content production businesses.

Warner Bros. Discovery Direct

 * WB Platinum (product, marketing, consumer engagement and global rollout)
 * CNN+ (current incarnation; upcoming CNN streaming service)
 * CNN Sports+

Entertainment Group

 * Warner Bros. Theatre Ventures
 * Warner Bros. Museum
 * Warner Bros. Studios, Burbank
 * Warner Bros. Studios, Leavesden
 * Turner Entertainment Co.
 * The WB
 * The WB Plus
 * WB Seed
 * Fandango Media (30% with NBCUniversal)
 * Fandango Movieclips
 * Movies.com
 * MovieTickets.com
 * Rotten Tomatoes
 * Fandango Latam
 * Vudu
 * WaterTower Music
 * MGM Music
 * Warner Bros. Innovation Lab
 * Sesame Workshop
 * Sesame Workshop

Warner Bros. Pictures Group

 * Warner Bros. Pictures
 * Warner Bros. Pictures Domestic Distribution (North American exhibition)
 * Warner Bros. Pictures International (international distribution and production; most active in Germany, Italy, Spain, the United Kingdom, the Republic of Ireland, Japan, South Korea, Argentina, Brazil and Mexico)
 * Warner Bros. Home Entertainment
 * Studio Distribution Services (joint venture with Universal Pictures Home Entertainment)
 * MGM Home Entertainment
 * Orion Home Video
 * Metro-Goldwyn-Mayer
 * MGM Animation
 * United Artists
 * Orion Pictures
 * Orion Pictures Distribution Corporation
 * Orion Classics
 * American International Pictures
 * New Line Cinema
 * A24
 * A24 Television
 * DC Films
 * Warner Animation Group
 * Castle Rock Entertainment
 * The Wolper Organization
 * Flagship Entertainment (China) (49%) (joint venture with China Media Capital (41%) and TVB (10%))
 * Spyglass Media Group (minority stake)
 * Warner Bros. Studio Facilities
 * Warner Bros. International Dubbing & Subtitling

Warner Bros. Television Group

 * Warner Bros. Television Studios
 * WBTVS Scripted Production
 * Alloy Entertainment
 * Blue Ribbon Content
 * WBTVS Unscripted Production
 * Telepictures
 * Telepictures Music
 * DC All Access
 * Toofab
 * True Crime Daily
 * A Very Good Production
 * Warner Horizon Unscripted Television
 * MGM Television
 * Big Fish Entertainment LLC
 * Evolution Media (Evolution Film & Tape, Inc.)
 * Gato Grande Productions (joint venture with Mexican entrepreneurs Miguel Aleman and Antonio Cué)
 * Orion TV Productions, Inc.
 * Lightworkers Media
 * United Artists Digital Studios
 * WBTVS International & Formats
 * WBTVS UK
 * Ricochet
 * Twenty Twenty
 * Wall to Wall
 * Renegade Pictures
 * Yalli Productions
 * WBTVS Belgium
 * Eyeworks Belgium Scripted
 * BlazHoffski Belgium
 * Savage Film (minority stake; Flanders-based film production company)
 * WBTVS Netherlands
 * Kaap Holland Film
 * BlazHoffski Netherlands
 * WBTVS Nordics
 * LTS Garðbær Studios
 * WBTVS Germany
 * Cologne Film
 * WBTVS Switzerland
 * WBTVS France
 * WBTVS Spain
 * WBTVS Portugal
 * WBTVS Australia
 * WBTVS New Zealand

Warner Bros. Global Brands and Franchises

 * DC Entertainment
 * DC Comics
 * WildStorm
 * DC Black Label
 * Mad Magazine
 * Warner Bros. Themed Entertainment
 * Warner Bros. Movie World
 * Parque Warner Madrid (5%)
 * Warner Bros. World Abu Dhabi
 * Warner Bros. Studio Tours
 * Warner Bros. Consumer Products
 * Wizarding World
 * Amazon.com
 * Amazon Digital Game Stores
 * Amazon Go
 * Amazon Fresh
 * Whole Foods Market
 * Audible
 * IMDb
 * Amazon Web Services
 * Amazon Logistics
 * Amazon Air
 * Amazon Prime
 * Amazon Prime Video
 * Amazon Prime Now
 * Amazon Prime Reading
 * Amazon Prime Gaming

Warner Bros. Interactive Entertainment

 * Avalanche Software
 * Cartoon Network Games
 * Monolith Productions
 * NetherRealm Studios
 * Plexchat
 * Portkey Games
 * Rocksteady Studios
 * TT Games
 * TT Games Publishing
 * TT Fusion
 * Traveller's Tales
 * TT Odyssey
 * Twitch
 * Luna
 * Wizards of the Coast
 * MGM Interactive
 * WB Games Boston
 * WB Games Montréal
 * WB Games New York
 * WB Games San Diego
 * WB Games San Francisco

Discovery Television Group (Educational TV)

 * Discovery Channel
 * Discovery Studios
 * American Heroes Channel
 * Animal Planet
 * Cooking Channel (49% with Nexstar Media Group)
 * Destination America
 * Discovery Life
 * Food Network (49% with Nexstar Media Group)
 * HGTV
 * Investigation Discovery
 * Magnolia Network
 * Oprah Winfrey Network (95% with Harpo Productions)
 * Science Channel
 * TLC
 * Travel Channel
 * Discovery en Español
 * Hogar de HGTV
 * Discovery Digital Studios

Cartoon Network & Classics Group

 * Cartoon Network
 * ACME Night
 * Adult Swim
 * Toonami
 * Cartoonito
 * Boomerang
 * Discovery Family
 * Discovery Familia
 * Cartoon Network.com
 * Warner Bros. Animation
 * Williams Street
 * Cartoon Network Studios
 * Cartoon Network Productions (Alive and Kicking, Inc.)
 * Cartoon Network Records
 * Williams Street Records
 * Cartoon Network Movies

Turner Network Group

 * TBS
 * TNT
 * TCM
 * TruTV
 * Turner Sports
 * NBA TV (operations)
 * MLB Network (16.67%)
 * Motor Trend (50% with Source Interlink)
 * Turner Private Networks


 * Warner Bros. Discovery Studios


 * Turner Sports & Entertainment Digital Network


 * Turner Entertainment Digital
 * Bleacher Report
 * House of Highlights
 * B/R Live
 * Warner Bros. Discovery Podcast Network
 * MGM HD
 * Comet (owned by Sinclair Broadcast Group, operated by Warner Bros. Discovery)
 * Charge! (owned by Sinclair Broadcast Group, operated by Warner Bros. Discovery)
 * Impact (joint venture with Comcast)

CNN News Worldwide

 * CNN
 * HLN
 * CNN International
 * CNN en Español
 * CNNgo
 * CNN Films
 * CNN.co.jp

Home Box Office, Inc.

 * HBO
 * HBO2
 * HBO Signature
 * HBO Family
 * HBO Comedy
 * HBO Zone
 * HBO Latino
 * Cinemax
 * Cinemax on Demand
 * Epix
 * Epix2
 * Epix Hits
 * Epix Drive-In
 * HBO Enterprises
 * HBO Entertainment
 * HBO Films
 * Bad Wolf Ltd (minority stake) – with Sky. Drama production company.

Warner Bros. Discovery International

 * 9Rush (joint venture with Nine Entertainment Co.)
 * All3Media (50%)
 * Asian Food Network
 * Boing
 * Boing (Africa)
 * Boing (France)
 * Boing (Italy) (49% with Mediaset)
 * Boing (Spain) (50% with Mediaset España Comunicación)
 * Cartoon Network (international channels)
 * Hanna-Barbera Studios Europe
 * Boomerang
 * Cartoonito (international channels)
 * Adult Swim
 * Toonami
 * Discovery Family
 * CNN (international channels)
 * Discovery Television Group (international channels)
 * Discovery Channel
 * Animal Planet
 * HGTV
 * Investigation Discovery
 * Science Channel
 * TLC

Pan-Asia

 * EVE

India

 * DTamil

New Zealand

 * Bravo (New Zealand) (joint with NBCUniversal International Networks)


 * Breeze TV
 * Choice TV
 * Three
 * The Edge TV
 * Discovery Turbo


 * Choice TV

EMEA

 * CNN Türk (50% joint venture with Demirören Group)
 * Discovery Golf
 * GolfTV
 * DMAX
 * Eurosport (international channels)
 * Eurosport 1
 * Eurosport 2
 * Eurosport 3–9
 * Eurosport EPL Romania
 * Eurosport Gold
 * Frisbee
 * Kanal 5 Networks
 * HBO (international channels)
 * HBO Asia
 * HBO Hits (Asia)
 * HBO Europe
 * HBO Europe Original Programming Ltd. (producer of several local original scripted programming and series based on licensed formats for Central and Eastern Europe, based in London, England, United Kingdom)
 * HBO Portugal
 * HBO 3
 * Cinemax 2 (Central Europe)
 * HTV
 * K2
 * Oh!K


 * Pogo


 * Quest
 * Quest Red


 * Really
 * Tele 5
 * Turner Japan
 * TVN Group
 * TVNorge
 * VOX
 * World Heritage Channel
 * Warner TV
 * WarnerTV Comedy
 * Warner TV France (joint venture with Canal+ Group)
 * WarnerTV Film
 * WarnerTV Serie
 * WB Channel
 * JTBC (2.64%)
 * TABI Channel
 * Tabitele
 * MONDO TV
 * Mondo Mahjong TV

Latin America

 * CNN Chile
 * Discovery Home & Health (50% with Discovery Asia)
 * Discovery Kids
 * Discovery Science
 * Discovery Turbo
 * Discovery Theater
 * Discovery World
 * ETC (joint with Mega Media)
 * Mega (27.5% with Mega Media)
 * Mega Plus
 * I.Sat
 * Glitz
 * HBO Latin America
 * Much (Latin America)
 * Space (Latin American pay TV channel)
 * Tooncast
 * TNT Series
 * TNT Sports (Chile)
 * TNT Sports (Argentina)
 * Rede Telecine (Brazilian joint venture with Globosat, Disney, Paramount Pictures and Universal Pictures)
 * Telecine Action
 * Telecine Cult
 * Telecine Fun
 * Telecine Pipoca
 * Telecine Premium
 * Telecine Touch
 * Telecine Productions
 * Telecine On Demand
 * Telecine Play

Warner Bros. Discovery Sales and Distribution

 * Warner Bros. Domestic Television Distribution
 * Warner Bros. Worldwide Television Distribution
 * Warner Bros. Discovery Advertising Sales
 * iStreamPlanet
 * Warner Bros. Discovery Global Enterprises
 * Warner Bros. Discovery Consumer Products
 * Location Based Entertainment,
 * Program & Footage Sales
 * Discovery Private Networks
 * Adventures Park
 * Warner Bros. Discovery Program Sales

Otter Media

 * Rooster Teeth
 * Achievement Hunter
 * Fullscreen, Inc.
 * McBeard
 * Reelio
 * Gunpowder & Sky
 * Alter (horror)
 * Cut (comedy)
 * Dust (science fiction)
 * FilmBuff

Content libraries
Main article: List of WarnerMedia television programs


 * WB Max Originals library (2022-present)
 * HBO Max originals library (2020–2022)
 * Discovery+ originals library (2021–2022)
 * CNN+ originals library (2022–present)
 * Warner Bros. Entertainment
 * Turner Entertainment library (1986–present)
 * The Brut Productions library
 * Some material from United Artists, including:
 * The US and Canadian distribution rights to the RKO Radio Pictures library
 * Most of the Gilligan's Island franchise (the original series and animated sequels)
 * The Fleischer Studios/Famous Studios Popeye cartoons, originally released by Paramount Pictures between 1933 and 1957
 * The 1975 documentary film, Bugs Bunny: Superstar (Which contains 9 cartoons from a.a.p./Turner's pre-August 1948 color Looney Tunes/Merrie Melodies catalog)
 * Warner Bros Pictures library (1923-present)
 * The pre-January 1, 1950 Warner Bros. film library
 * The pre-1936 First National Pictures library
 * Material from WB silent films post-1918 that did not enter the public domain
 * Pre-September 1948 Warner Bros. live-action short subjects
 * Metro-Goldwyn-Mayer library (2022-present)
 * Material from MGM's predecessors (Metro Pictures, Goldwyn Pictures, and Mayer Pictures) post-1915 that did not enter the public domain
 * MGM Animation library (not to be confused with the MGM Cartoons library, which is currently owned by Warner Bros. through Turner Entertainment.)
 * Third-party animated films released by MGM
 * United Artists library
 * Ziv Television Programs library
 * Orion Pictures library
 * Filmways
 * American International Pictures
 * MCEG Sterling Entertainment
 * Manson Distributing/Manson International
 * The Samuel Goldwyn Company
 * Motion Picture Corporation of America (1986–1996 library)
 * Most of pre-March 31, 1996 PolyGram Filmed Entertainment library
 * Interscope Communications
 * The Virgin Films/Palace Pictures library
 * Island Pictures, including:
 * Atlantic Entertainment Group, including:
 * Clubhouse Pictures
 * CDR's Epic library
 * Hemdale Film Corporation
 * Sherwood Productions/Gladden Entertainment
 * Nelson Entertainment library
 * Galactic Films, Inc.
 * Spikings Corporation
 * Empire International Pictures library
 * Urban Classics
 * Vision P.D.G. International
 * Trans World Entertainment
 * Fries Entertainment library
 * Cinecom Pictures library
 * Scotti Bros. Pictures library
 * 21st Century Film Corporation library
 * Most of The Cannon Group, Inc. library
 * Most of the Evolution Media library
 * HBO Films libraries, co-owned with HBO (1983–present)
 * Castle Rock Entertainment film library (1989-2010)
 * Castle Rock Entertainment television library (pre-2001)
 * DC Comics Entertainment library
 * Ancillary rights to the 1941-1943 Superman theatrical animated shorts originally created by Fleischer/Famous Studios and produced by Paramount Pictures
 * The 1950s TV series of The Adventures of Superman
 * The theatrical serials of Superman and Atom Man vs. Superman, both originally produced by Columbia Pictures
 * All rights to the 1966-1968 Batman tv series originally by 20th Century Fox Television
 * The DC Comics television cartoons produced by Filmation
 * The Hanna-Barbera-produced Super Friends series (From Superfriends to The Super Powers Team: Galactic Guardians)
 * DC Films (2016–present)
 * Lorimar Motion Pictures
 * Monogram Pictures/Allied Artists Pictures Corporation library (1931–1979)
 * Warner Premiere library (2007–2014)
 * New Line Cinema library (post-1982)
 * New Line Television library (1988–2008)
 * The pre-2008/2010 Picturehouse library
 * Fine Line Features library
 * Seven Arts Productions (with some exceptions)
 * Seven Arts Television (pre-1969)
 * Sesame Workshop library (2022-present)
 * Sesame Street library.
 * Film Distribution rights to Sesame Street movies incuding, Sesame Street Presents: Follow That Bird and The Adventures of Elmo in Grouchland (originally by Columbia Pictures).
 * American distribution rights to Most of the Hammer Film Productions library
 * Film Distribution rights to The Fireball, A Millionaire for Christy, Chicago Calling, The Star, Around the World in 80 Days, Zero Hour!, Advise & Consent, The Cardinal, Seven Days in May, Batman (1966), Watership Down, Swamp Thing (1982) Supergirl (1984), The Flintstones (1994), and The Flintstones in Viva Rock Vegas.
 * North American distribution rights to 4 Evil Dead movies including, The Evil Dead (1981), Evil Dead 2: Dead by Dawn, Army of Darkness, and Evil Dead (2013 remake).
 * Warner Animation Group library (2013–present)
 * Warner Bros. Feature Animation library (1990–2004)
 * Warner Bros. Television Studios library (1955–present)
 * Alloy Entertainment library (2005–present)
 * Telepictures library (1979–present)
 * Rankin/Bass Productions library (1964-1987)
 * Lorimar Television library (1971–1993)
 * Cartoon Network Studios library (1996–present)
 * Adult Swim/Williams Street library (1994–present)
 * Warner Bros. Animation library (1980–present)
 * Pre-August 1948 color Looney Tunes/Merrie Melodies
 * The B&W Harman and Ising Merrie Melodies (excluding Lady, Play Your Mandolin!)
 * The majority of the Hanna-Barbera Productions library
 * The pre-1986 MGM Cartoons Libriary
 * Almost all of the pre-1991 Ruby-Spears Enterprises library


 * Home Box Office, Inc.
 * HBO Films libraries, co-owned with Warner Bros. (1983–present)
 * HBO television programs (post-1983)
 * Home video distribution rights of Cannon Films libraries (post-1991)
 * Cinemax television programs (1982–present)
 * HBO Downtown Productions (pre-1992)
 * HBO Independent Productions
 * Time-Life libraries (pre-1982)
 * Talent Associates (pre-1977)


 * Others
 * North American distribution rights to the Samuel Goldwyn Productions library
 * U.S. Home entertainment rights to the Largo Entertainment library
 * Warner Independent Pictures library
 * American licensing and DVD distribution rights to Bakugan: Battle Brawlers (under license from SEGA, SEGA Toys, Spin Master Entertainment, TMS Entertainment Ltd. and Nelvana Limited)
 * Broadcast syndication rights to PBS/Superstation WGBH‘s This Old House
 * Home entertainment rights to the Peanuts television special library (excluding the theatrical films in which are owned by CBS/Paramount Pictures) under license from United Feature Syndicate
 * Home entertainment rights to The Charlie Brown and Snoopy Show and This is America, Charlie Brown under license from United Feature Syndicate
 * Home/theatrical entertainment and gaming rights to LEGO
 * Home entertainment and TV distribution rights to the remaining DePatie-Freleng Dr. Seuss TV specials, including Halloween is Grinch Night, Dr. Seuss’ The Cat in the Hat and Dr. Seuss’ The Lorax (Although, Dr. Seuss' How the Grinch Stole Christmas!, Dr. Seuss’ Daisy-Head Mayzie and Dr. Seuss' Horton Hears a Who! are owned by Warner thru WBFE and Turner Entertainment), under license from Dr. Seuss Enterprises, L.P.
 * The 1989-1998 TV series, Seinfeld, originally by Columbia Pictures Television
 * The 1991 TV series, Swamp Thing, originally by DIC Entertainment
 * The 1993 film, Mr. Wonderful, produced by The Samuel Goldwyn Company
 * The 1996 film, Sleepers for Distribution in North America only
 * The 2015 tv series, Ash vs. Evil Dead, originally by Starz

Sold

 * AOL - spun-off in 2009 and acquired by Verizon Communications in 2015, thus operated under the latter's media division since 2017.
 * Atari, Inc. - sold to Jack Tramiel on July 1, 1984, for 50 dollars cash and 240 million in stock and notes.
 * ACC Select
 * Atlanta Braves
 * Atlanta Hawks
 * Atlanta Thrashers
 * AT&T SportsNet – network shut down with stations sold; replaced by Cartoonito (American TV channel)
 * BET Holdings, Inc. – 15% with Robert Johnson, BET executives and shareholders, Taft Television & Radio Company and Liberty Media/Tele-Communications, Inc., sold its stake in 1996.
 * BET Her
 * Central European Media Enterprises - 75% equity holding; sold to PPF in August 2020.
 * Chilevisión - sold to ViacomCBS Networks Americas in 2021.
 * College Television Network
 * Comedy Central (50% with Viacom) - sold its stake in 2003.
 * CourtTV - brand name and pre-2008 original programming library acquired by Katz Broadcasting/E. W. Scripps Company in December 2018.
 * Crunchyroll - sold to Sony's Funimation (95%) in 2021.
 * VRV
 * E! - Time Warner's stake acquired by Comcast and The Walt Disney Company in 1997.
 * Game Show Network, LLC — 42% stake acquired by co-owner Sony Pictures Television in 2019.
 * GameTap - sold to Metaboli in 2008, later closed in 2010.
 * Hello Sunshine (joint venture with Reese Witherspoon, Seth Rodsky and Emerson Creative) - sold
 * Hulu (10% stake) - sold to Hulu LLC, but was allocated between The Walt Disney Company (7%) and Comcast (3%), later on Disney took over the full control of Hulu.
 * National Kinney Corporation – spun-off in 1978 and renamed as Andal Corporation
 * New York Cosmos
 * Panavision
 * Pittsburgh Pirates (48% with John W. Galbreath)
 * Playdemic - sold to Electronic Arts in 2021
 * PlayON! Sports Network
 * Six Flags - acquired by Premier Parks in 1998.
 * The Smoking Gun
 * SportSouth - acquired by Fox Cable Networks in 1996 and relaunched as Fox Sports South.
 * Time Inc. - spun-off in 2014, then acquired by Meredith Corporation in 2018.
 * IPC Media
 * Time4 Media - formerly Times Mirror magazines group purchased from Tribune Company, sold to Bonnier Group & World Publications
 * Transworld Magazine Corporation
 * Popular Science
 * Marine Group
 * Time4Outdoors
 * Mountain Sports Media
 * The Parenting Group Inc. - Time, Inc. magazine group; sold to Bonnier and World Publications
 * Family Life - sold to Time Warner in 1999; closed down in 2001
 * Time Life
 * Time-Life Films - sold to Columbia Pictures Television in 1981; library currently owned by HBO.
 * Talent Associates
 * Time–Life Records
 * Time Warner Book Group
 * Time Warner Cable - spun-off in 2009 and has been acquired by Charter Communications in 2016.
 * TMZ - sold to Fox Corporation in 2021
 * TriStar Pictures - joint venture with CBS and Columbia Pictures. In December 1986, HBO sold TriStar to Columbia Pictures.
 * truTV UK and Ireland
 * Turner South - acquired by Fox Cable Networks in 2006 and relaunched as SportSouth.
 * TW Telecom
 * Warner-Amex Satellite Entertainment (Joint venture with American Express; became MTV Networks.)
 * Cable Music Channel - sold by Turner to Warner-Amex, then closed down and replaced with VH1
 * Warner Bros. Movie World Germany
 * Warner Music Group - spun-off in 2004, then acquired by Access Industries in 2011, and later spun-off again into an IPO in 2020
 * Warner Advanced Media Operations - acquired by Cinram International in 2003
 * WEA Manufacturing - acquired by Cinram International in 2003
 * WPCH-TV - sold to Meredith Corporation in 2017.

Dormant or shuttered
These are Warner Bros. Discovery divisions which have been closed or folded into another part of the company.


 * Adult Swim Games
 * Big Pixel Studios
 * Altschul Group Corporation (AGC)
 * FilmFair's American branch
 * Amazon Studios - folded into Warner Bros Entertainment
 * Bamzu.com
 * Boomerang (Latin America) - closed in 2021 and replaced by Cartoonito (Latin America)
 * California Video Center
 * China Entertainment Television - 36% stake held by Turner Broadcasting System; ceased broadcasting in 2016
 * Crime Library
 * Epix Entertainment LLC. - folded into Home Box Office, Inc.
 * EpixNow folded - into HBO Max
 * Festival
 * HBO Animation
 * HBO Defined (India)
 * HBO Now - replaced by HBO Max
 * HBO Downtown Productions — dissolved in 2001; pre-1992 library owned by HBO
 * HBO Kids – absorbed into HBO Family
 * HBO Hits (India)
 * HBO Independent Productions
 * HBO Netherlands - joint venture with Ziggo
 * HBO Go - replaced by HBO Max in United States, Latin America, Nordics and Spain, still active in some countries
 * HBO Nordic
 * HBO España
 * HBO Portugal
 * HBO NYC Productions (formerly called HBO Showcase) — folded into HBO Films
 * HBO Home Entertainment – transferred and folded into Warner Bros. Home Entertainment in 2019
 * Machinima, Inc. - merged into Fullscreen in 2019
 * Red by HBO (24/7 Asian cinema channel; joint venture with Mei Ah Entertainment) - ceased broadcasting on July 1, 2021
 * Super Deluxe
 * Take 2
 * Beme Inc. - merged into CNN Digital Studios in 2018
 * CNN Checkout Channel
 * CNNfn
 * CNN Pipeline
 * CNN/SI
 * CNN Airport
 * CNN+ (first incarnation) - joint venture with Sogecable
 * CNN Money Switzerland - joint venture with MediaGo
 * Esporte Interativo - TV channels shut down in 2018; still active online and on social media
 * World Championship Wrestling (WCW) - video library, selected wrestler contracts and other intellectual property sold to World Wrestling Federation Entertainment, Inc., now known as WWE (World Wrestling Entertainment), through its subsidiary W. Acquisition Company (which was subsequently renamed WCW Inc. following the sale) in 2001.
 * Associated Artists Productions - bought 1933-1957 Fleischer/Famous Studios Popeye cartoons and pre-1950 WB library in 1956; the latter library would find its way back to Warner ownership in 1996 as part of the Turner merger (which also incorporated the Popeye cartoons)
 * ZIV International - acquired by Lorimar Productions in 1982; the library contents were sold to Coral Pictures in 1986.
 * Brut Productions - acquired by Turner Broadcasting System from Faberge Inc. in 1982; library currently owned by Turner Entertainment Co.
 * Cartoon Network (Spain)
 * Cartoon Network Too
 * Castle Rock Television - Folded into Warner Bros. Television
 * CNX
 * DC Vertigo
 * DC Universe – streaming service; shut down and absorbed into HBO Max on January 21, 2021
 * DramaFever - shut down in 2018
 * FandangoNOW
 * FilmBuff
 * FilmStruck - shut down in 2018
 * First National Pictures - acquired by Warner Bros. in 1928 and closed in 1936
 * Global Digital Media Xchange
 * Great Big Story - shut down in 2020
 * Hanna-Barbera - absorbed into Warner Bros Animation
 * Hanna-Barbera Home Video
 * Hanna-Barbera Poland
 * Headstrong Pictures
 * HOOQ (streaming service joint venture with Sony Pictures Entertainment and Singtel) - shut down on 30 April 2020 due to liquidation and eventually sold to Coupang in July 2020 to form the nucleus of its streaming service named Coupang Play
 * Image Comics - Folded into DC Comics
 * Lorimar Film Entertainment
 * Monogram Pictures/Allied Artists Pictures Corporation - sold to Lorimar in 1979; post-August 17, 1946 library currently owned by Warner Bros. Entertainment
 * Interstate Television - founded in early 1950s as the TV arm of Allied Artists, became Allied Artists Television in 1960s and was folded into Lorimar with the rest of AAPC in 1979
 * Lorimar Home Video - folded into Warner Home Video in 1988
 * Lorimar Records
 * Lorimar Television
 * Rankin/Bass Productions - post-1974 library currently owned by Warner Bros.
 * MGM Networks
 * MGM Channel
 * The Works
 * Rainbow Media (20%)
 * Carolco Pictures (15%)
 * Midway Games - shut down under bankruptcy in 2009
 * Atari Games
 * Time Warner Interactive
 * Momlogic
 * National General Pictures - sold to Warner Bros. in 1973
 * Nelson Entertainment - acquired by New Line Cinema in 1991
 * Embassy Home Entertainment - former divisions of its sister company, Embassy Pictures
 * Galactic Films, Inc.
 * Spikings Corporation
 * Charter Entertainment
 * New Line Home Entertainment – Folded into Warner Home Video
 * New Line Television – Folded into Warner Bros. Television
 * New Line Television Pay-Per-View - Folded into Warner Bros. Television Distribution
 * Chuck Jones Enterprises - dissolved in 2002.
 * Outright Distribution
 * People's Court Raw
 * Picturehouse - renamed from Fine Line Features in 2005, then closed in 2008; reopened in 2013 as an independent studio
 * Prime Time Entertainment Network
 * Seven Arts Productions
 * Shed Productions - folded into Wall to Wall
 * Snowblind Studios - merged into Monolith Productions in 2012
 * Studio T - formerly TBS Productions; absorbed into WarnerMedia in 2019
 * TCM (North European TV channel)
 * Toonami (India)
 * Toonami (Southeast Asia)
 * Toonami (UK & Ireland)
 * TT Animation
 * Turner Broadcasting System Latin America
 * Turner International Argentina
 * Turner Classic Movies (Asia)
 * Turner Home Entertainment - folded into Warner Home Video in 1997
 * Turner Pictures
 * Turner Program Services - folded into Warner Bros. Television Distribution
 * Warner Bros. Family Entertainment - closed in 2009
 * Warner Bros. Feature Animation
 * Warner Bros. Jungle Habitat
 * Warner Bros. Studio Store
 * WB Channel
 * Watershed Television
 * Warner Horizon Scripted Television - merged into Warner Bros. Television Studios in 2020
 * WarnerMax - short-lived film production company joint venture Warner Bros. and HBO Max, it closed down in October 2020
 * Warner Independent Pictures - closed in 2008
 * Warner Premiere - closed in 2012
 * Warner Alliance - a now-defunct contemporary christian music division owned by Warner Music Group, which operated until 1998. The company was done in by Warner purchasing Word Entertainment.
 * Warner Resound - a now-defunct Christian division of Warner Music Group, focused on distributing Christian music and media, as well as products from other artists like Vigilantes of Love and The Call. The company largely became dormant after Word Entertainment was sold to Warner Music Group.
 * Weintraub Entertainment Group
 * The CW - (50% with ViacomCBS), acquired it's stake, then closed down and replaced by the WB.
 * Discovery+ - replaced by HBO Max.