Warner Bros. Discovery announced the corporate names and leadership teams of its two companies for when the company separates in mid-2026.

Warner Bros Discovery announced Monday it will split into two companies by mid-2026, according to CNBC. Warner Bros will house its studios and streaming businesses, while Discovery Global will include its networks and news.

Warner Bros. Discovery Inc., the parent of HBO and CNN, swung to a profit in the second quarter, buoyed by a string of successes at the box office.