Zaslav: WBD will split in two if Paramount Skydance merger collapses

WBD CEO David Zaslav told analysts on the Q2 earnings call that if the proposed $110 billion Paramount Skydance merger falls apart, WBD will resume its prior plan to split into two companies. The deal, announced in February 2026, faces antitrust lawsuits from 12 state attorneys general and the WGA, with a March trial set. WBD stockholders approved the transaction in April.