Major Corporate Spin-Off Impacting TBS

Warner Bros. Discovery's decision to spin off TBS and sister networks into WBD Global Networks marks a pivotal shift as of June 2025 announcements. This separation aims to streamline operations, focusing the parent company on streaming like Max and studios such as HBO and Warner Bros. Pictures.

The spin-off means TBS loses direct access to premium content resources but secures distribution deals for ongoing programming. Similar moves by Lionsgate and Comcast highlight cable's declining profitability, with automation reducing operational costs.

For viewers, this could lead to changes in bundling and pricing on pay-TV services, though TBS Sports and comedy blocks remain core offerings.

Today's TBS Highlights: AEW and Holiday Specials

On December 20, 2025, TBS airs All Elite Wrestling: Dynamite 'Dynamite on 34th Street,' featuring Alex Windsor challenging Mercedes Moné for the RevPro Undisputed British Women's Title. This episode, part of Season 7, Episode 52, continues TBS's wrestling revival since AEW Dynamite moved from TNT in 2022.

The network's lineup also includes timeless holiday films like A Christmas Story alongside sitcom reruns such as Friends, The Big Bang Theory, and American Dad!. Daytime and evenings emphasize compressed reruns to maximize ad slots.

Recent holiday bashes, like the December 17 Elite vs. Okada match with a million-dollar prize, boost engagement during the festive season.

How to Watch TBS in 2025 Without Cable

Cord-cutters can stream TBS via services offering live TV, with Max providing on-demand access through deals post-spin-off. The official TBS YouTube channel features clips and full episodes of shows like AEW Dynamite.

TBS's schedule is available on TV Insider and the TBS website, listing everything from sports to movies. With viewership drops, expect more automation and consolidated programming.

Global/US audiences tune in for comedy staples and sports, solidifying TBS's role despite industry turbulence.