The decision followed management receiving "unexpected interest from several parties" interested in purchasing either the entire company or individual divisions, including Warner Bros.
While the search for potential buyers is underway, Warner Bros. Discovery will continue to separate its assets — cable channels, streaming services, and film studios. But the deal may take time. The company is valued at over $45 billion, with significant debts remaining.
Its portfolio includes Harry Potter, Game of Thrones, DC Comics, and other major franchises. The company has a gaming division that owns the Hogwarts Legacy, Mortal Kombat series, and DC superhero projects. It also includes TT Games, known for LEGO games, including Batman: Legacy of the Dark Knight, which is scheduled for release in 2026.
On the same day that the company announced the sale — in whole or in part — Warner Bros. Discovery raised the price of HBO Max subscriptions in the U.S.