Warner Bros. Television Studios, operating under the name Warner Bros. Television, is an American television production and distribution studio and the flagship studio of the Warner Bros. Television Group division of Warner Bros., a flagship studio of Warner Bros. Discovery (WBD). Launched on March 21, 1955 by William T. Orr, it serves as a television production arm of DC Comics productions by DC Studios and, alongside Paramount Global's CBS Studios and CW Studios, The CW, the latter that launched in 2006 and Paramount and WBD have a 12.5% ownership stake each while Nexstar Media Group owns the remaining 75%. It also serves as the distribution arm of WBD units HBO, Cartoon Network and Adult Swim, while currently partnering with CBS Media Ventures for The CW.