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.

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.”

Warner Bros. Discovery said it will separate its media businesses into two new companies, with cable in one and streaming and studios in the second.