Warner Bros Discovery's gaming, studios, and streaming division could soon be acquired by Sony, following a major restructuring within the company.
There’s chaos at Warner Bros Discovery. While it’s not the first major corporation to face a deep crisis, things have taken a dramatic turn in Burbank. On June 9, 2025, the company was split into two separate entities.
On one side is , which includes the cable TV networks (CNN, TNT Sports, Discovery, etc.). On the other is , which encompasses production studios, the HBO Max streaming platform, and the video game division.
Unless something unexpected happens, the split will become official by mid-2026, with set to lead WBD Streaming & Studios—unless .
According to a report shared by , Sony is interested in acquiring WBD’s assets in streaming, video games, and studios.
That would mean could obtain Warner’s gaming studios and licenses, while would expand its production portfolio with HBO Max and its content. This would be a major move with significant industry implications.
Rumors of this deal have circulated since 2022, when experts speculated Sony might pursue a purchase of . Could this finally become reality?
The recent SEScoops report highlights , the half of the company that includes HBO Max, its video game division, and its film/TV production studios.
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However, sources close to the matter say Sony is only interested if , as the Japanese company has no interest in acquiring the cable TV business.
The Warner Bros restructure won’t be finalized until mid-2026, so to see if WBD Global Networks operates fully independently.
Put simply, . It’s still early, so details remain unclear.
“Sources said Sony was only interested in acquiring WBD’s streaming, studio, and gaming assets if they were separated from its cable networks, which have lost millions of households as viewers abandon traditional cable packages,” the report says.
This is understandable, as , a scenario already under consideration last year.
We’ll have to wait and see how it plays out. Another major development is that :
Everything outside these licenses has reportedly been scrapped.
Recent failures like Suicide Squad: Kill the Justice League and Multiversus have left deep scars at Warner Bros. Just a few months ago, the company shut down (canceling the Wonder Woman game), , and WB Games San Diego.
