By India McCarty
Warner Bros. Discovery will shut down four of its linear channels — HBO Family, ThrillerMax, MovieMax and OuterMax — this summer, the first move in its previously announced plan to divide up the company.
“At Spectrum, we are committed to providing you with exceptional service and want to alert you of changes before they happen,” a notice from Spectrum announced. “Effective on or after Aug. 15, 2025, HBO Family, ThrillerMax, MovieMax and OuterMax will cease programming and will no longer be available.”
A spokesperson from WBD declined to comment on the situation.
This news comes on the heels of Warner Bros. Discovery’s announcement that it plans to split the company into two parts: a streaming and studios company, including its movie properties and streaming service HBO Max, and a global networks company that includes CNN, TNTSports and Discovery.
Warner Bros Discovery is splitting into 2 companies.
Streaming & Studios: WB Television, WB Pictures, WB Games, DC Studios, HBO, HBO Max + their film & TV libraries
Global Networks: CNN, TNT Sports, Discovery, Discovery+ & other TV networks pic.twitter.com/kj58IPu6Dl
— DiscussingFilm (@DiscussingFilm) June 9, 2025
“By operating as two distinct and optimized companies in the future, we are empowering these iconic brands with the sharper focus and strategic flexibility they need to compete most effectively in today’s evolving media landscape,” David Zaslav, president and CEO of WBD, said in a statement.
Zaslav will serve as the President and CEO of the Streaming & Studios division, while Gunnar Wiedenfels, CFO of Warner Bros. Discovery, will serve as President and CEO of Global Networks.
Related: Warner Bros. Discovery Finally Splits
“This separation will invigorate each company by enabling them to leverage their strengths and specific financial profiles,” Wiedenfels added. “This will also allow each company to pursue important investment opportunities and drive shareholder value.”
In an investor call earlier this month, WBD executives stressed that each company would be “free and clear from a transaction perspective,” and the division is tax-free.
WBD still has over $34 billion in net debt, which will be divided between the two companies once the split is finalized.
“It’s safe to assume that the majority of the debt is going to live with global networks and a smaller portion, but not insignificant portion on streaming and studios as well,” Wiedenfels said on the call, via CNBC.
WBD has big plans for the split, financially speaking. Executives project the streaming company will generate at least $1.3 billion in profits by the end of the year, aiming for $3 billion in annual profit, according to The Wrap.
Warner Bros’ Discovery’s decision to split the company is a bold move, designed to help it navigate the changing world of streaming and generate enough profit to pay off its remaining debt.
Read Next: Warner Bros. Discovery’s Split Explained
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