Warner Bros. Discovery has announced a series of major corporate changes following its planned split in mid-2026. The company will divide into two independently branded entities: Warner Bros., which will oversee streaming and studios, including TV, movies, game studios, and content libraries; and Discovery Global, which will manage cable networks, news, and sports brands such as CNN, TNT, Discovery+, and Bleacher Report. David Zaslav will remain CEO of Warner Bros., while Gunnar Wiedenfels will be CEO of Discovery Global, with a CFO search underway. In conjunction with the split, Warner Bros. Discovery has revised CEO David Zaslav's employment agreement, significantly reducing his annual cash salary from $22 million to $6 million and lowering his stock bonus target from $23.5 million to $7.5 million per year. Despite the pay cut, Zaslav received $225 million worth of stock options, with the potential to net more than $150 million if share-price targets are met. This adjustment follows shareholder rejection of Zaslav's proposed $51.9 million compensation package. Additionally, Warner Bros. Discovery's TNT Sports will cease producing content for NBA TV after a 17-year partnership, effective October 1, 2025, ending their role in programming and playoff production for the league-owned network. Preliminary discussions have been reported between MLB Network and the NBA regarding the potential takeover of NBA TV production. Separately, Warner Bros. Motion Picture Group is undergoing a 10% staff reduction across multiple divisions as part of a transition toward a fully global structure.