Warner Bros. Discovery Announces Commencement of Consent Solicitations

NEW YORK, May 19, 2026 /PRNewswire/ -- Warner Bros. Discovery, Inc. (NASDAQ: WBD) ("WBD") today announced that Discovery Global Holdings, Inc. (formerly WarnerMedia Holdings, Inc.) (the "DGH Issuer") and Discovery Communications, LLC (the "DCL Issuer" and together with the DGH Issuer, each a "WBD Issuer" and collectively the "WBD Issuers"), each a subsidiary of WBD, have commenced solicitations (with respect to each Class of WBD Notes (each defined by reference to the table set forth below), a "Consent Solicitation" and collectively, the "Consent Solicitations") of consents, upon the terms and subject to the conditions set forth in the related consent solicitation statement (the "Consent Solicitation Statement"), from holders of the WBD Notes to certain proposed amendments (the "Proposed Amendments") to the indentures governing the WBD Notes (collectively, the "Existing WBD Indentures").