Who Owns Boomerang?
Boomerang is owned by Warner Bros. Discovery (NASDAQ: WBD), a publicly traded American media and entertainment conglomerate. Boomerang launched as a programming block on Cartoon Network in 1992 and became a standalone cable channel on April 1, 2000. Its streaming service operated from 2017 to 2024, when it was shut down and content moved to Max. The linear cable channel continues to operate in approximately 26 million U.S. households. Warner Bros. Discovery reported full-year 2025 revenue of $37.3 billion.
Parent Company
Warner Bros. Discovery
Founded
2000
Status
Publicly Traded
Headquarters
Atlanta, Georgia, USA
Who Owns Boomerang?
- Parent Company: Warner Bros. Discovery
- Ownership Type: Brand division
- Company Type: Publicly Traded
- Stock Ticker: NASDAQ: WBD
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Boomerang | Warner Bros. Discovery | Brand division |
History of Boomerang
- Founded: 2000
- Founders: Turner Broadcasting System (internal development)
Boomerang debuted on December 8, 1992, as a programming block on Cartoon Network. The name carried a double meaning: it referred to the concept of older cartoons "coming back" and to the target audience of baby boomers who grew up watching Hanna-Barbera series in the 1960s and 1970s. Each week, the block devoted its lineup to cartoons produced during or before a specific year. For example, a week focused on 1969 would feature series such as Scooby-Doo, Where Are You! and Dastardly and Muttley in Their Flying Machines.
The Boomerang block aired on Cartoon Network until October 3, 2004. By that point, Turner Broadcasting had already launched Boomerang as a standalone cable channel on April 1, 2000. The standalone channel was created to serve as a dedicated home for classic animation from the Warner Bros. and Hanna-Barbera libraries, functioning as a cartoon equivalent of TV Land. When the Cartoon Network block ended, remaining classic cartoons migrated to the Boomerang channel, with the exception of Tom and Jerry and various Scooby-Doo series, which stayed on Cartoon Network.
In its early years, Boomerang featured classic animated series from the 1960s through the 1980s, including The Flintstones, The Jetsons, Scooby-Doo, Looney Tunes, and Tom and Jerry. The network appealed to both children and adults who grew up with these shows. By the late 2000s, Boomerang began airing more contemporary programming, including reruns of Cartoon Network original series.
On February 4, 2014, Turner announced that Boomerang would become an advertising-supported network and would be realigned globally across its international feeds. A new branding style launched in the United States on January 19, 2015. As part of the relaunch, Boomerang introduced original programming for the first time, focusing on contemporary reboots of franchises such as Looney Tunes and Scooby-Doo. The goal was to position Boomerang as a "second flagship" brand alongside Cartoon Network.
As the cable network lost coverage in the mid-2010s due to cord-cutting, Turner launched a standalone subscription video-on-demand streaming service on April 11, 2017. The service cost $5.99 per month and offered a library of classic animated series. It operated for over seven years until Warner Bros. Discovery shut it down on September 30, 2024. Subscribers were migrated to Max's ad-free tier, and Boomerang content was folded into the Max streaming library. Some Boomerang content was not transferred to Max, though the company did not specify which titles were excluded.
The Boomerang linear cable channel continues to operate. As of 2024, it was available in approximately 26 million U.S. households through cable, satellite, and live TV streaming services including DirecTV Stream, Hulu + Live TV, and Sling TV.
About Warner Bros. Discovery
What does Warner Bros. Discovery own?
Warner Bros. Discovery owns Max (streaming service), HBO, Warner Bros. film and TV studios, DC Comics, CNN, Discovery Channel, HGTV, Food Network, TLC, Animal Planet, TNT, TBS, Adult Swim, Cartoon Network, Eurosport, and numerous other media brands. In June 2025, the company announced a plan to split into two companies: Warner Bros. (streaming/studios) and Discovery Global (linear networks).
Is Warner Bros. Discovery splitting up?
Yes. In June 2025, Warner Bros. Discovery announced a plan to separate into two independent publicly traded companies: Warner Bros. (streaming, studios, HBO/Max, DC Comics) and Discovery Global (linear TV networks including CNN, HGTV, Food Network, and TNT Sports). The split is expected to complete in mid-2026 and is structured to be tax-free.
What is Warner Bros. Discovery's annual revenue?
In FY2024, Warner Bros. Discovery reported revenue of approximately $39.3 billion, a 4.8% decline from FY2023. The company reported a net loss of approximately $11.5 billion, primarily due to a $9.1 billion non-cash goodwill impairment charge on its linear TV network assets.
Who is the CEO of Warner Bros. Discovery?
David Zaslav serves as President and CEO of Warner Bros. Discovery. He previously served as CEO of Discovery, Inc. before the 2022 merger and has led the combined company since its formation.
When was Warner Bros. Discovery formed?
Warner Bros. Discovery was formed on April 8, 2022, through the merger of WarnerMedia (which AT&T had acquired as Time Warner in 2018 and subsequently spun off) and Discovery, Inc.
What is Max?
Max is Warner Bros. Discovery's flagship streaming service, launched in May 2023 as a rebranded and combined version of HBO Max and Discovery+. Max offers HBO's premium scripted drama alongside Discovery's factual and lifestyle content. The service reached approximately 116 million global subscribers in 2024 and achieved full-year profitability in 2024.
- Founded: 2022
- Headquarters: New York City, New York, USA
- Company Type: Publicly Traded
- Stock: NASDAQ: WBD
- Revenue: approximately $39.3 billion (FY2024)
- Employees: Approximately 35,000
Where Is Boomerang Made / Based?
- Headquarters: Atlanta, Georgia, USA
Boomerang Recalls & Controversies
Streaming Service Shutdown (2024): Warner Bros. Discovery shut down the Boomerang streaming service on September 30, 2024, after seven years of operation. Some content was not transferred to Max, and the company did not specify which titles were excluded. Subscribers who had paid for a standalone classic animation service were migrated to Max, a broader platform with a higher regular price. Some customers expressed frustration over the loss of dedicated classic cartoon access.
Content Removal and Library Management: As part of WBD's cost-cutting measures under CEO David Zaslav, the company has removed numerous titles from its platforms, including HBO Max (now Max) and Discovery+. While Boomerang's linear channel has been less affected than streaming properties, the broader trend of content removal at WBD has raised concerns about the preservation of classic animation libraries. Some Boomerang titles that were available on the streaming service did not make the transition to Max.
Cord-Cutting and Linear Decline: Boomerang's linear channel has lost household coverage as cord-cutting accelerates. The network was available in approximately 26 million households as of 2024, down from higher levels in previous years. This decline reduces both distribution revenue (carriage fees) and advertising revenue, limiting the channel's financial viability within the WBD portfolio.
Cultural Sensitivity in Classic Content: Boomerang's programming includes older animated content that contains depictions some viewers consider culturally insensitive. Warner Bros. has addressed this issue on other platforms by adding content advisories to classic Looney Tunes shorts rather than removing them. Boomerang has generally maintained access to its full library while relying on parental guidance and content advisories.
Pending Paramount Skydance Acquisition: The announced acquisition of Warner Bros. Discovery by Paramount Skydance Corporation on February 27, 2026, creates uncertainty for Boomerang's future. PSKY already owns Nickelodeon, a competing children's network. Regulatory approval may require divestitures or conditions related to children's programming assets. The outcome of the merger could affect whether Boomerang continues as a standalone brand or is consolidated.
Brands Owned by Warner Bros. Discovery
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- Animal Planet - American cable television network focused on wildlife, animal behavior, nature d...
- Cartoon Network - American cable television channel specializing in animated programming, owned by...
- CNN - American multinational news-based television channel and flagship property of Wa...
- DC Comics - American comic book publisher and entertainment intellectual property brand owne...
- Discovery Channel - American cable television network known for documentary, reality, and educationa...
- Eurosport - European sports television network and streaming service providing coverage of m...
- Food Network - American cable television network focused on cooking shows, culinary competition...
- HBO Max - American subscription video on-demand streaming service offering content from HB...
- HBO - American premium cable and satellite television network known for original progr...
- HGTV - American cable television network focused on home improvement, interior design, ...
- Magnolia Network - American cable television network and streaming service focused on home design, ...
- Max - American subscription video on-demand streaming service offering content from HB...
- TCM - American cable television network dedicated to classic films, cinema history, an...
- TLC - American cable television network focused on lifestyle, reality, and entertainme...
- Travel Channel - American cable television network focused on travel, tourism, adventure, and des...
- Warner Bros. - American film and television production and distribution company known for movie...
Boomerang Ownership: Pros & Cons
Advantages
- +Access to the Warner Bros. and Hanna-Barbera animation libraries, one of the largest classic animation collections in the world
- +Distribution through WBD's cable and satellite carriage agreements
- +Brand recognition among multiple generations of viewers
- +Cross-promotion with Cartoon Network and Max
- +Low production costs since programming is primarily library content
Considerations
- -Linear cable subscriber declines reduce household reach and revenue
- -Streaming service was shut down in 2024, limiting direct-to-consumer access
- -Pending PSKY acquisition creates uncertainty about the brand's future
- -Competes for attention with streaming services offering larger content libraries
- -Original programming production has been scaled back since the 2015 relaunch
- -Some content from the streaming service was not transferred to Max
Frequently Asked Questions About Boomerang
Sources & Further Reading
- Warner Bros. Discovery Q4 2025 Earnings Release, SEC EDGAR -
- Warner Bros. Discovery Q4 2025 Shareholder Letter -
- Warner Bros. Discovery Corporate Website -
- Wikipedia, Boomerang (TV Network) -
- Variety, Boomerang Streaming Service Shutdown (August 2024) -
- The Hollywood Reporter, Boomerang Streaming Shutdown -
- PCMag, Boomerang Streaming App Shutdown -
- Analyst Lens, WBD 10-K FY2025 Analysis -
Where to Buy
Disclosure: We may earn commission from purchasesCompetitors to Boomerang
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Warner Bros Discovery | USA | 1992 | Mass market | United States | All Genders |
Competitive Analysis
Market Positioning: Boomerang competes with 1 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
Warner Bros. Discovery Stock Information
Jobs at Warner Bros. Discovery
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