Who Owns Warner Bros. Discovery?
Updated onExplore the ownership hierarchy of Warner Bros. Discovery. See parent companies, holding structures, and ultimate controllers.
Ownership Chain
Warner Bros. Discovery
Warner Bros. Discovery is a global media and entertainment company formed in 2022 through the merger of WarnerMedia and Discovery, operating film, television, streaming and news brands including HBO, Warner Bros., CNN and Discovery.
Warner Bros. Discovery appears to be independent with no known parent company.
Warner Bros. Discovery
Warner Bros. Discovery is a global media and entertainment company formed in 2022 through the merger of WarnerMedia and Discovery, operating film, television, streaming and news brands including HBO, Warner Bros., CNN and Discovery.
Warner Bros. Discovery appears to be independent with no known parent company.
Major Shareholders
Warner Bros. Discovery
Major Shareholders
| Name | Type | Ownership | Voting | As of |
|---|---|---|---|---|
The Vanguard Group, Inc. Schedule 13G/A filed Oct. 31, 2025 reports Vanguard beneficially owning about 281.2 million WBD shares, approximately 11.35% of the company’s common stock, based on ~2.48 billion shares outstanding at the time. | Institutional | 11.3% | 11.3% | Oct 2025 |
BlackRock, Inc. Yahoo Finance’s major holders table for Q3 2025 shows BlackRock holding roughly 184.6 million WBD shares, or about 7.45% of shares outstanding; a 2024 Schedule 13G/A had earlier disclosed around 6.3% beneficial ownership. | Institutional | 7.5% | 7.5% | Sep 2025 |
State Street Corporation Q3 2025 institutional holder data list State Street with about 158.3 million shares (~6.39%); a March 31, 2025 Schedule 13G filing reported roughly 169.5 million shares (about 6.9% of WBD). | Institutional | 6.4% | 6.4% | Sep 2025 |
Advance Publications / Newhouse family (via Advance/Newhouse entities) Advance/Newhouse entities (including A/NPP Diversified Holdings LLC and Newhouse Broadcasting Corporation) reported beneficial ownership of about 98.2 million WBD shares (3.97%) in a June 30, 2025 Schedule 13D/A, after selling 100 million shares in a block trade; this stake is often summarized as Advance Publications owning ~3.97% of WBD. | Family | 4.0% | 4.0% | Jun 2025 |
Harris Associates L.P. As of Sept. 30, 2025, Yahoo Finance’s institutional holders data show Harris Associates holding roughly 96.0 million WBD shares, representing about 3.87% of the company’s outstanding common stock. | Institutional | 3.9% | 3.9% | Sep 2025 |
Get Started
Your ultimate competitive playbook
You just found your top competitors. Now let's map your whole landscape and show you how to stand out.
Competitive Landscape Report
Built for small teams who can't hire a full-time analyst.
$129 $260 one-time payment
Generated in minutes, no subscription.
Instead of guessing what to do about your competitors, get a done-for-you intelligence report
Competitor Map
Direct, indirect, and alternative competitors mapped across your market
Positioning Analysis
How each competitor positions, their ICP, and key differentiators
Feature & Pricing Matrix
Side-by-side comparison of features, pricing, and packaging strategies
Growth Channel Analysis
SEO, paid ads, content, and social strategies across the landscape
Reputation & Social Proof
Ratings, reviews, and sentiment analysis across all competitors
90-Day Action Plan
Specific tactics to differentiate and win more deals in the next 3 months