After many industry rumors and speculation, and a rejected offer from Paramount, Warner Bros. Discovery has officially confirmed in a statement that it is for sale, and that the studio is currently in discussions with multiple interested parties. The statement states that the studio has begun a “review of strategic alternatives,” which they hope will “maximize shareholder value.”

Warner Bros Discovery President and CEO David Zaslav has also issued a statement, which reads as follows:

“We continue to make important strides to position our business to succeed in today’s evolving media landscape by advancing our strategic initiatives, returning our studios to industry leadership, and scaling HBO Max globally. We took the bold step of preparing to separate the Company into two distinct, leading media companies, Warner Bros. and Discovery Global, because we strongly believed this was the best path forward.”

The statement continues with Zaslav stressing that “It’s no surprise that the significant value of [Warner Bros.’] portfolio is receiving increased recognition by others in the market”. Zaslav also provided confirmation that “after receiving interest from multiple parties,” Warner Bros has “initiated a comprehensive review of strategic alternatives to identify the best path forward to unlock the full value of  [Warner Bros’s] assets.”

This announcement comes months after it was announced in June that Warner Bros. and Discovery would be separated into two entities. However, it’s reported that the separation won’t fully take effect until April 2026.

This announcement also comes after Warner Bros. saw one of its most profitable years in quite some time, with the box office successes of films like A Minecraft Movie, Sinners, Superman, and Weapons. Warner Bros’s ongoing search for buyers has been confirmed in articles from both ScreenRant and Collider.