Company: WBD
Filing Date: 2025-12-05
Form Type: 425
Source: 0001193125-25-309939
Chunk: 402

Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-12-05
Form: 425
Chunk 402
---
 activities in connection with this Agreement (including import and export control). Subject to
, if either Party receives notice from a Governmental Entity that it is in violation of a Law as a result of such Party’s provision of a Service, the Parties shall mutually cooperate such that the
Service may be provided in a way that is not in violation; that none of Service Provider or any of its Affiliates shall have any liability for discontinuing its provision of any such Service until the Parties mutually agree in
writing to the appropriate changes of such Service.

31

. The obligations of each Party shall not be subject to setoff for non-performance or any monetary or non-monetary
claim by the other Party or any of its respective Affiliates under any other agreement between the Parties or any of their respective Affiliates.

.

For purposes of this Agreement, capitalized terms (including, with correlative meaning, their singular and plural variations) have the
meanings ascribed to such terms in EXHIBIT A or as otherwise defined elsewhere in this Agreement.

[Signature Page Follows]

32

IN WITNESS WHEREOF, each of the Parties has caused this Transition Services Agreement to be executed as of 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 Aff