Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309879
Chunk: 413

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 413
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 the date first above written.

| [DELIGHT GLOBAL MEDIA, INC.] |     |        |
| By:                          |     |        |
|                              |     | Name:  |
|                              |     | Title: |

[ Signature Page to Transition Services Agreement]

| [NEW WONDER] |     |        |
| By:          |     |        |
|              |     | Name:  |
|              |     | Title: |

[ Signature Page to Transition Services Agreement]

EXHIBIT A

DEFINITIONS

The following
terms when used in this Agreement shall have the following definitions:

“” has the meaning set
forth in .

“” means, with respect to any Person, any other Person
directly or indirectly controlling, controlled by, or under common control with such Person (for purposes of this definition, the term “control” (including the correlative meanings of the terms “controlled by” and
“under common control with”), as used with respect to any Person, means the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of such Person, whether through the ownership of
capital stock, voting securities or other equity interests, by Contract or otherwise). It is expressly agreed that none of Parent, SpinCo or any of their respective Affiliates shall be deemed to be an Affiliate of the other solely by reason of
having one or more directors in common or by reason of having been under common control prior to the Distribution.

“” has the meaning set forth in the Preamble.

“” has the meaning set forth in .

“” means, with respect to each Service Recipient, such Recipient’s and its Affiliates’
respective agents, representatives, and professional advisors (including internal auditors, co-sourced or outsourced audit service providers, consultants, and external auditors).

“” means the Company Business or the SpinCo Business, as applicable.

“” means any day other than a Saturday or Sunday or a day on which banks in the City of New York, New York or
the City of Wilmington, Delaware is required or authorized by Law to close.

“” means the occurrence
of any of the following events, either with respect to Service Provider or Service Recipient, as applicable: (i) an acquisition of a Party by another entity by means of any transaction or series of related transactions (including, without
limitation, any reorganization, merger or consolidation but excluding any merger effected exclusively for the