Short answers, pulled from the story.
Warner Bros. Discovery is an American media and entertainment company formed on the 8th of April 2022, through the merger of AT&T's WarnerMedia subsidiary with Discovery, Inc. AT&T received $43 billion in cash and debt as part of the transaction.
David Zaslav, formerly the CEO of Discovery, Inc., was named president and CEO of Warner Bros. Discovery at its formation in 2022. He remained in the role through the company's approved sale to Paramount Skydance.
Warner Bros. Discovery cancelled Batgirl, along with Scoob! Holiday Haunt, on the 3rd of August 2022, writing both films off as tax deductions rather than releasing them. CEO David Zaslav had abandoned direct-to-streaming film production, arguing such projects lacked the economic impact of theatrical releases.
On the 24th of July 2024, the NBA ended its nearly 36-year association with TNT, signing new rights agreements with Disney, NBCUniversal, and Amazon Prime Video. Warner Bros. Discovery had attempted to invoke a contractual right to match Amazon's offer, but the NBA rejected its bid and WBD responded by threatening legal action.
Paramount Skydance agreed to acquire all of Warner Bros. Discovery for $110 billion, with the deal confirmed on the 27th of February 2026. WBD shareholders approved the sale on the 23rd of April 2026, though the transaction still awaited approval from U.S. federal regulators as of that date.
Warner Bros. Discovery operates Max, the streaming service that succeeded HBO Max and was unveiled on the 12th of April 2023. Discovery+ was retained as a separate service for subscribers not interested in the combined platform.