Overview

• Warner Bros. Discovery has approved the appointment of Anton Levy, an experienced tech investor and advisory director at General Atlantic, to its board of directors.
• Levy's addition expands the board from 13 to 14 members, following the earlier appointments of Anthony Noto and Joey Levin in January 2025.
• The board expansion comes as part of ongoing efforts to strengthen governance and respond to shareholder pressure, including from hedge fund Sessa Capital.
• The company is restructuring to separate its cable TV business from its streaming and studio operations, potentially positioning the cable segment for a sale or spinoff.
• Warner Bros. Discovery's stock rose over 1% in after-hours trading following the announcement, reflecting investor optimism about the changes.