Warner Bros. Discovery will soon break up. David Zaslav is set to oversee studios and streaming while CFO Gunnar Wiedenfels will handle global networks.

Warner Bros. Discovery is splitting into two separate publicly traded companies – one oriented around the HBO Max streaming service and Warner Bros. studio, and the other around CNN and other television networks.

HBO Family, which first launched in 1996, is known for kid-friendly programming such as “Sesame Street.” ThrillerMax, which launched in 1998, specializes in horror, mystery, suspense and thrillers and runs a primetime film block called “When the Clock Strikes 10.”