Warner Bros.

Film and TV studios

Film, television and games studios behind Warner Bros. Pictures, New Line, DC Studios and Warner Bros. Television, with studio tours and consumer products.

Film and TV studiosBurbank, USA

How it started

Came with Warner Bros. Discovery.

$97.4Bpaid by Skydance in 2026

Skydance bought all of Warner Bros. Discovery for cash on October 6, 2026, after WBD dropped an agreement to sell its studios and streaming to Netflix.

How big it is

How big is Warner Bros.?

$12.6BStudios revenueFY2025

$2.5BStudios adjusted EBITDAFY2025

$5.5BStudios revenueH1 2026

How it makes money FY2025

Sells films and shows to cinemas, streamers and TV channels.

Content93%
Other7%

Key moments

2022Joins Discovery
2025Box office run
2025Split planned
2026Netflix deal dropped
2026Part of Skydance

Its place in Skydance

Skydance's second Hollywood studio.

Warner Bros. Pictures, New Line, DC Studios and Warner Bros. Television sit in Skydance Studios beside Paramount Pictures and CBS Studios.

Who it competes with

PParamount PicturesDDisney StudiosUUniversal

Sony Pictures

What Skydance does not disclose

Warner Bros. revenue or profit inside Skydance (Skydance Studios combines it with Paramount)
Box office totals
Games revenue on its own
Employees of the studios

Questions

Warner Bros.: questions and answers

What is Warner Bros.?

Film, television and games studios behind Warner Bros. Pictures, New Line, DC Studios and Warner Bros. Television, with studio tours and consumer products.