Warner Bros. Discovery

Announcement comes weeks after studio ditched its Venu sports streaming JV with Disney, Fox

Streaming Disney, Fox, WBD scuttle sports streaming service after announcing settlement with FuboTV

People Channing Dungey, chairman and CEO of Warner Bros. Television Group, will run the U.S. networks business

Subs get free access to the ad-supported tier of Warner Bros. Discovery streaming service that typically retails for $9.99

M&A Split could spur consolidation by making it easier for the company to sell assets or merge operations with others

Business In the U.S. multiyear renewals cover WBD’s linear networks and HBO for Xfinity TV customers, as well as expanded streaming rights for Max and Discovery+

DoJ opposes Disney/Fox/WBD’s appeal calling for injunction against the launch of the sports streaming service to be lifted

Advertising The addition of Kerv’s AI tech into WBD’s AdTech platform brings ‘shoppable entertainment’ to streaming

11-year multiplatform partnership will promote NBC hoops content and provide some international rights to games; ESPN/ABC to air TNT Sports-produced ‘Inside the NBA’

7.2 million sub adds in Q3 were the most since the launch of Max