The venerable Burbank film and television studio properties, HBO, HBO Max streaming service and gaming properties will be part of Warner Bros. Cable networks, including TNT, CNN, HGTV, Animal Planet and Bleacher Report,

Warner Bros Discovery will lay off roughly 10% of its motion picture group employees as part of a restructuring before the company splits in two, a source with knowledge of the matter said on Wednesday.

Warner Bros. Discovery unveiled some key details of its upcoming separation with leadership and the names of the two new companies.