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.

Warner Bros. Discovery Inc. is splitting itself in half, unshackling its fast-growing streaming business from the struggling legacy media channels and setting up two independent companies that could pursue deals on their own.

Warner Bros Discovery said it would split into two publicly traded companies, separating its studios and streaming business from its fading cable television networks as the parent of HBO and CNN looks to compete better in the streaming era.