Warner Bros. Discovery is undergoing one of the most significant corporate restructuring efforts in the global media industry, reshaping its future through strategic spin-offs, takeover battles, and major acquisitions that could redefine the entertainment ecosystem in 2026. Massive Split Into Two Independent Companies In mid-2025, Warner Bros. Discovery (WBD) announced its plan to split into two separate publicly traded companies — a move designed to sharpen strategic focus and unlock shareholder value amid shifting media consumption trends. Under this plan, WBD will divide into: The split, structured as a tax-free transaction, is expected to be completed by mid-2026 and is…