Warner Bros. Discovery, Inc. 8-K

What Happened
Warner Bros. Discovery, Inc. filed an 8‑K on May 19, 2026 reporting that its wholly owned subsidiaries, Discovery Communications, LLC (DCL) and Discovery Global Holdings, Inc. (DGH), have commenced consent solicitations from holders of certain series of their outstanding notes to adopt proposed amendments to the indentures governing those notes. The terms are detailed in the Issuers’ Consent Solicitation Statement dated May 19, 2026, which will be sent to registered holders. A company press release announcing the solicitations is attached to the filing as Exhibit 99.1.

Key Details

• Issuers: Discovery Communications, LLC and Discovery Global Holdings, Inc. began the solicitations on May 19, 2026.
• Documentation: The Consent Solicitation Statement (dated May 19, 2026) will be sent to registered noteholders; press release provided as Exhibit 99.1.
• Nature of filing: This 8‑K is informational only and states the solicitations will be made only pursuant to the Consent Solicitation Statement (and any supplements).
• Forward‑looking disclosures: The filing includes a cautionary note referencing the proposed acquisition of WBD by Paramount Skydance Corporation and lists related risks (regulatory clearances, closing conditions, timing, financing and other potential impacts).

Why It Matters
For bondholders and retail investors, these consent solicitations could change legal terms governing certain WBD‑related debt and may affect holders’ rights or the company’s capital structure depending on which amendments are adopted. The filing does not guarantee the amendments will be approved or implemented — full details (including any economic or covenant changes) will be in the Consent Solicitation Statement. Investors should review that statement and WBD’s and Paramount’s public filings for the specific terms and associated risks before making decisions.