Here's a breakdown:
* Warner Bros. Discovery is the parent company.
* Warner Bros. Entertainment is a division of Warner Bros. Discovery and owns DC Comics.
* DC Comics is a subsidiary of Warner Bros. Entertainment and publishes comic books and other media related to its superhero characters.
This ownership structure allows Warner Bros. to leverage DC Comics characters in various forms of media, including:
* Movies: The Batman, Wonder Woman, Aquaman, Justice League
* TV shows: The Flash, Arrow, Titans, Harley Quinn
* Video games: Batman: Arkham series, Injustice series
* Animation: Teen Titans, Justice League Unlimited, Batman: The Animated Series
* Theme parks: DC Universe at Six Flags
Essentially, Warner Bros. acts as the production house and distributor for DC Comics' intellectual property. This gives them significant control over how these characters are used and marketed, and allows them to create a vast and profitable universe across different media platforms.