Gunnar Wiedenfels, Chief Financial Officer of Warner Bros. Discovery, revealed plans for a dedicated TNT Sports app launching ahead of the company's planned split next year. He stated during an investor call, “We’re working on creating our own TNT Sports app, which is going to be available as a streaming product. But importantly, also as a bundle option, internally with discovery+, or not-so internally anymore with HBO Max, but we are also open to other partners in the industry.”
This app development is part of a broader strategy including a Discovery+ relaunch and the expansion of CNN's digital offerings. The company's restructuring will see it divided into two publicly traded companies in 2024: Streaming & Studios and Global Networks. Streaming & Studios will encompass Warner Bros. Television, Warner Bros. Motion Picture Group, DC Studios, HBO, and HBO Max, along with their extensive film and television libraries. Global Networks will include CNN, TNT Sports in the US, and Discovery's free-to-air channels across Europe, plus digital assets like Discovery+ and Bleacher Report.
Furthermore, HBO Max is set for a UK launch next year following the conclusion of its output deal with Sky. The integration of TNT Sports into Discovery+ upon its launch in July 2023 signifies the company's commitment to its streaming strategy. These moves signal significant changes in the landscape of entertainment and streaming services.