Discovery, Inc.

Was one of the largest global pay-TV network operators before merging with WarnerMedia to form Warner Bros. Discovery in 2022

Discovery, Inc. was a global mass media and entertainment company headquartered in New York City, operating a portfolio of iconic television networks including Discovery Channel, HGTV, Food Network, TLC, Investigation Discovery, Animal Planet, and Eurosport. The company was known as Discovery Communications until March 6, 2018, when it completed its acquisition of Scripps Networks Interactive and rebranded to Discovery, Inc. Its business model centered on selling advertising across its broad portfolio of cable and satellite networks, offering advertisers access to highly engaged, interest-based audiences in categories such as home, food, travel, science, and true crime. Discovery, Inc. was a major force in the global pay-TV ecosystem, reaching hundreds of millions of households across more than 220 countries and territories. Beyond traditional linear television advertising, the company expanded into streaming with the launch of discovery+, a direct-to-consumer subscription service that aggregated content from across its network brands. This dual revenue model — combining advertising sales on linear networks with subscription streaming — positioned Discovery as a significant player in the evolving media landscape. On April 8, 2022, Discovery, Inc. completed its merger with WarnerMedia, the media division spun off from AT&T, to form Warner Bros. Discovery. The combined company brought together Discovery's unscripted and factual entertainment brands with WarnerMedia's HBO, CNN, Warner Bros. film and television studios, and other properties. Following the merger, the Discovery, Inc. name was retired, and the entity now operates as Warner Bros. Discovery.