Warner Bros. Discovery, the parent company of HBO Max, CNN and TNT, announced Monday it would split into two companies by the middle of next year, the latest move by a major media conglomerate to reck

Warner Bros. Discovery, as it telegraphed six months ago, is breaking itself into two chunks. One company will be “WBD Streaming & Studios,” encompassing Warner Bros. Pictures, HBO, Max/HBO Max and more.

In a conference call Monday, Warner Bros. Discovery CEO David Zaslav said U.S. sports have not been a major driver for HBO Max subscriptions. Zaslav said it will be up to Gunnar Wiedenfels and his team to decide where to license TNT Sports rights in the future.