Discovery The deal will unite Warner Bros.’ and Discovery’s collection of streaming and cable channels. The WarnerMedia-Discovery Merger Is Bad for Income Investors. We have reported earlier that there is a planned merger between the two media companies.. May 20th 2021. A landmark entertainment media deal was announced ahead of the opening bell today, with … Discovery. Discovery president and CEO David Zaslav will take the helm of the combined WarnerMedia-Discovery. This would include a merger of HBO Max and Discovery+ streaming services. Cable news pioneer CNN will try to catch up to the streaming revolution, launching its own CNN standalone service ahead of the merger of parent company WarnerMedia with Discovery… The next big player in the streaming wars now has a name: Warner Bros. Discovery. David Zaslav, the Discovery CEO who will lead the new combined venture if cleared by regulators announced the name to WarnerMedia employees Tuesday, according to a press release. This story is developing. Check back for updates. Specifically, WarnerMedia will be spun off from AT&T and merged with Discovery, according to CNN. The two say they "love the new company's name." The streaming landscape has been shaken by a massive earthquake, the merger of WarnerMedia and Discovery… Last month, AT&T announced it was spinning off WarnerMedia in a $43 billion merger with Discovery… AT&T just announced a $43 Billion deal to spin off their WarnerMedia assets and merge them with Discovery, forming a new company. A sign is posted in front of an AT&T retail store on May 17, 2021 in San Rafael, California. Discovery when their merger closes in mid-2022. The new company emerging from the merger of WarnerMedia and Discovery will be called Warner Bros. Discovery.The company, co-owned by Discovery … The emphasis on the Warner Bros. studio extends to a part of the new company's slogan, which includes the term "the stuff that dreams are made of" from the classic Warner … There is very little overlap between the Discovery … On May 17, 2021, WarnerMedia and Discovery announced that they were merging together. The family voted to support the Warner Media/Discovery merger, he said. Discovery. Discovery." The WarnerMedia-Discovery Merger Is AT&T’s Latest Clash of Titans By Brandon Katz • 05/17/21 10:58am Let’s try to make sense of AT&T’s move to merge WarnerMedia with Discovery. With David Zaslov leading the new Warner-Discovery entity, it remains to be seen if this merger means pricey cable-style bundles or 'a la carte' streaming. Discovery's (DISCA) (DISCB) (DISCK) merger with AT&T's (T) Warner Media business has marked its entry into the big league of top streaming companies vying for a … Under the terms of the Discovery/Warner Media merger, all three classes of Discovery stock will be converted into new class A stock, with one … May 17, 2021 08.26 Europe/London By Chris Dziadul. At the time, the telecom said that the deal was a "perfect match" that … BURBANK, Calif., June 1, 2021 /PRNewswire/ -- Discovery, Inc. (NASDAQ: DISCA, DISCB, DISCK) today announced the new name of the proposed standalone global entertainment company that will emerge from the combination of WarnerMedia and Discovery assets: "Warner Bros. ... AT&T and Discovery expect the merger to create a … How a Discovery-WarnerMedia Merger Would Rattle Hollywood If AT&T makes a deal to spin off its media assets, sources say it could leave Discovery mogul David Zaslav in … It’s a far bigger company than Discovery, with $30.4 billion in 2020 in revenue to Discovery’s $10.7 billion. AT&T in advanced talks to merge WarnerMedia with Discovery, deal expected as soon as Monday. The Discovery-WarnerMedia venture that is set to shake up the industry has chosen a new, unifying title to symbolize the merger between the entertainment giants: Warner Bros. US telecoms giant AT&T has agreed to combine its WarnerMedia business with Discovery in a deal to create a new streaming giant. Warner and Discovery contents will be in the same house under Discovery CEO. And Discovery is ready to spend big … The WarnerMedia-Discovery Merger Is Bad for Income Investors ... or so it was paying out annually before management decided to start taking on boatloads of debt to buy DirecTV and Time Warner. The merger of AT&T's WarnerMedia assets with Discovery Inc. comes with a new name for the joint venture, set to be announced in the next few weeks. “Warner Bros. Discovery.”. AT&T announced today that HBO Max parent company, WarnerMedia, would merge with cable operator Discovery. The new company created through the merger of WarnerMedia and Discovery Inc. will receive a brand-new name. The tie-up brings … Streaming is at the heart of the merger of the Turner Sports and Discovery media assets. The combined company would bring together Discovery with Warner's brands including CNN, HBO and the WB film/TV studios. AT&T, the world’s largest telecommunications company, announced a deal with Discovery, Inc. which will spin off AT&T's WarnerMedia and be combined with Discovery to create a new standalone media company. The new media company would be the result of a $43 billion proposed merger between Discovery and WarnerMedia, which AT&T said it would spin out just three years after buying Time Warner (as … The US telecoms company AT&T, which acquired the media assets in an $85bn takeover of Time Warner three years ago, ... Max streaming service have about 64m subscribers worldwide. WarnerMedia-Discovery Merger Sets Up Rivals for Big Decisions ... TNT and the Warner Bros. studio, among other assets—into a new venture being formed with Discovery. by Sarah Risebrow. The merger is a remarkable coup for Zaslav, a hyper-ambitious executive who has catapulted himself to the top of the food chain in entertainment. AT&T company officials were characteristically quiet about the WarnerMedia-Discovery merger during the AT&T 2Q earnings call on Thursday morning, only saying that “no news is good news.”. Beyond the human cost, the Warner-Discovery merger won’t necessarily change all that much about what consumers see in their cable packages. Discovery CFO Gunnar Wiedenfels recently told investors (via The Hollywood Reporter), using a lot of corporate jargon such as “duplications,” that cost-cutting measures would soon be put in place within the soon-to-be-formed Warner Media Discovery entity. Through its WarnerMedia unit, AT&T owns CNN, HBO, Cartoon Network, TBS, TNT and the Warner Bros. studio. And even if the merger did come to fruition, the fact that Discovery is known for being primarily focused on reality TV and nonscripted programming could … What WarnerMedia & Discovery's Deal Means For Warner Bros. Oct 25, 2017 46,007. As soon as news broke May 16 about AT&T’s proposed deal to combine WarnerMedia with Discovery, the guessing game began about what the … Now the next major corporate merger is WarnerMedia and Discovery, which will combine to form a new company. Discovery. The new name was unveiled June 1 at a town hall with employees at the Warner … AT&T Is Merging WarnerMedia With Discovery: Deal Explained In a nutshell, AT&T's acquisition of Time Warner was part of an ambitious plan to expand the company's scope into producing media content like movies and TV shows, and to get in on the lucrative streaming wars with the creation of HBO Max. AT&T company officials were characteristically quiet about the WarnerMedia-Discovery merger during the AT&T 2Q earnings call on Thursday morning, only saying that “no news is good news.”. However, according to this press release, the Warner Bros. Games division was instead kept intact as part of the Discovery, Inc. and Warner Bros. merger. Monster merger The Warner-Discovery deal and the future of streaming To survive online, media firms are combining. AT&T and Discovery will announce a deal to merge Discovery and WarnerMedia as soon as tomorrow, sources say. Discovery Inc. Chief Executive Officer David Zaslav, fresh from his announced acquisition of AT&T Inc.’s film and TV businesses, said media consolidation will only accelerate and he intends to be a catalyst. ... Warner … If the WarnerMedia-Discovery merger pushes through, DC Films could resemble Marvel Studios afterward. The AT&T-owned Warner Media (the former Time Warner) is to merge with Discovery. Discovery’s current multiple classes of shares will be consolidated to a single class with one vote per share. David Zaslov, CEO of Discovery and future CEO of Warner Bros. This is a community to theorize about the merger of WarnerMedia and Discovery. Discovery, following its planned merger with WarnerMedia. The $43 billion deal announced Monday has been described as a U-turn for AT&T, which acquired Time Warner in 2018 for $85 billion despite the Trump Justice Department’s best efforts to thwart the merger. AT&T sought that acquisition to get a piece of the rapidly expanding movie and TV streaming pie. Monster merger The Warner-Discovery deal and the future of streaming To survive online, media firms are combining. May 20th 2021. All he would say was that regulatory due diligence work was continuing on the deal. The merger is expected to close by the middle of 2022. The WarnerMedia-Discovery merger is bad business. The new media company that would combine WarnerMedia and Discovery has a name: Warner Bros. The newly-formed company will be called Warner Bros. Warner-Discovery merger. Warner Bros., the home of franchises such as DC and Harry Potter, is one of … A sign is posted in front of an AT&T retail store on May 17, 2021 in San Rafael, California. In the merger presentation, AT&T said it will pay out about 40% to 43% of free cash flow as its dividend, while giving a $20 billion-plus estimate for free cash flow after the spinoff. The official title? Discovery CEO David Zaslav will be in charge of running the merged group. Here is more on the Discovery, Warner Talks over a deal. Still, AT&T and Discovery expressed confidence that they will have a clear regulatory path for approval. The companies announced that Discovery President and CEO David Zaslav will lead the proposed new company with a best-in-class management team and top operational and creative leadership from both companies. WarnerMedia Announces Mega-Merger With Discovery. May 17, 2021 1:55pm. It’s also likely terrific news for consumers. David Zaslav takes over for Jason Killar! Discovery, announced the new name. Discovery … The transaction, which was announced last month, is a … The proposed merger would put together movie giant Warner Bros. Entertainment, which owns the Harry Potter and Batman franchises, with Discovery's home, cooking, nature and … The merger of AT&T Inc.’s WarnerMedia unit with Discovery Inc. won’t be completed until next year, but the new company already has a name: Warner Bros. The $43-billion merger between AT&T-owned WarnerMedia and Discovery Inc. was announced in May 2021 and will wrap up sometime in 2022, 1 positioning itself to be “the most innovative, exciting and fun place to tell stories in the world. (Look, I didn’t say it was original.) AT&T announced the spinoff of WarnerMedia and the merger with Discovery last quarter. It bought Time Warner for $85.4 billion in a deal closed in June 2018, as it sought to branch into the media and entertainment business. So, yay. Currently, it's expected that the WarnerMedia and Discovery merger won't go into effect until some time in 2022. Member. This would include a merger of HBO Max and Discovery+ streaming services. 20 May 2021. Since the primary focus of the WarnerMedia/Discovery merger is to consolidate the two company's streaming libraries along with CNN's live news offerings, the deal is unlikely to have much of an impact on upcoming movies. Discovery plans to name its proposed new company Warner Bros. Discovery. According to THR, the entity will be called Warner Bros. On May 17, 2021, WarnerMedia and Discovery announced that they were merging together. It has a catchphrase, too: “The stuff that dreams are made of.”. Related: Terminally Ill Fan Pleads with Warner Bros. and The Batman’s Cast to Let Him See It Before He Dies. Discovery.. The transaction, which was announced last month, is a … Discovery, following its planned merger with WarnerMedia. Discovery CEO, With Warner Still to Close, Sees More Media Deals. Discovery (which launched its streaming service, discovery+, in December of 2020) is also a combo of smaller brands: HGTV, Food Network, Animal Planet, etc. Read why Comcast is a potential replacement for Warner Bros. That's incredible, considering most analysts considered the AT&T/Time Warner merger a huge mistake. WarnerMedia Announces Mega-Merger With Discovery. This is a community to theorize about the merger of WarnerMedia and Discovery. The $43-billion merger between AT&T-owned WarnerMedia and Discovery Inc. was announced in May 2021 and will wrap up sometime in 2022, 1 positioning itself to be “the most innovative, exciting and fun place to tell stories in the world. AT&T Inc. has agreed to merge its WarnerMedia division with Discovery Communications Inc., creating a streaming giant to compete with Walt Disney Co.'s … Discovery plans to name its proposed new company Warner Bros. The merger, if … This wiki will theorize about streaming, networks, possible other acquisitions and mergers, and everything else having to do with Warner Bros. Merger will result in a company with compelling content franchises, personalities and intellectual property. 2 ” A combined HBO Max and Discovery Plus could be a true Netflix killer. WarnerMedia and Discovery to merge. The transaction will combine HBO, Warner Bros. studios, CNN, TNT, TBS and several other cable networks with a host of reality-based cable channels from Discovery such as … Merger Monday Joins WarnerMedia with Discovery. Warner Bros. Discovery name will honor, celebrate and elevate the world's most-storied creative studio … Variety reported that: The deal under discussion was a joint venture that would merge AT&T’s media assets — primarily the collection of networks and the storied Warner Bros. studio — with Discovery’s collection of domestic and international cable channels. AT&T CEO John Stankey was asked about the mega-deal during the call. AT&T purchased WarnerMedia as part of its $109 billion Time Warner acquisition in 2018. The family voted to support the Warner Media/Discovery merger, he said. David Zaslav, the executive who will run the combined companies if the merger … ILikeFeet. Read his statement below: A deal of this size is subject to regulatory approval, and that is … The company will combine HBO Max and Discovery+ to compete in the direct-to-consumer business, bringing together names like HBO, Warner Bros., Discovery, CNN, HGTV, Food Network, TNT, TBS and more. The Warner Bros. AT&T, the world’s largest telecommunications company, announced a deal with Discovery, Inc. which will spin off AT&T's WarnerMedia and be combined with Discovery to create a new standalone media company. Discovery is an iconic brand in the cable world, as are CNN and HBO. WarnerMedia and Discovery recently announced a corporate merger. Specifically, WarnerMedia will be spun off from AT&T and merged with Discovery, according to CNN. After three years of upheaval under owner AT&T, Warner Bros. is confronting another industry-changing shakeup. 2 ” The Discovery/Warner Bros merger is all about building one giant company dedicated to streaming and media content, with Discovery picking up the … Discovery Various trades leaked the deal on the merger over the weekend. Just weeks ago, the studio learned it … “Condé Nast isn’t going anywhere now or after the deal,” he said. The deal would then combine the content of the two brands. Beyond The Trailer's breakdown! Shortly after the announcement that WarnerMedia would be merging with Discovery Inc., an official name for the new media company has been announced.. All he would say was that regulatory due diligence work was continuing on the deal. The merger of AT&T’s WarnerMedia division with Discovery is the first major media combination of the Biden era, and could give an indication of where the new administration is … The group opposed the AT&T-Time Warner merger… Discovery. Although the merger was officially announced last month, the name has been decided only now, as reported by the Wall Street Journal. The new company expects $52 billion in 2023 revenue and the transaction is expected to close in mid-2022. Discovery. AT&T CEO John Stankey was asked about the mega-deal during the call. On Monday morning AT&T (T) and Discovery, Inc. (DISCA) announced a deal under which AT&T's WarnerMedia will be spun off and combined with Discovery … The deal would then combine the content of the two brands. The strangest merger in recent memory now has a name for the new company it created: Warner Bros. WarnerMedia and Discovery Inc. will become Warner Bros. WarnerMedia and Discovery are planning to merge in a deal that could be announced as soon as tomorrow. “Condé Nast isn’t going anywhere now or after the deal,” he said. Discovery. Seems sensible as you merge the drama, comedy and films of Warner and HBO Max with the documentaries and sport of Discovery+. This wiki will theorize about streaming, networks, possible other acquisitions and mergers, and everything else having to do with Warner Bros. The Warner-Discovery Merger Proves That Big Is Never Big Enough in the Streaming World. The WarnerMedia-Discovery Merger Is AT&T’s Latest Clash of Titans By Brandon Katz • 05/17/21 10:58am Let’s try to make sense of AT&T’s move to merge WarnerMedia with Discovery. 1 minute read. The merger between Warner Media and Discovery will affect Warner Bros. Interactive, as some of its games are included in the sale. Warner Media & Discovery Merger EXPLAINED today! By Ryan Thomas … WarnerMedia and Discovery announced a merger on Monday that will create one of the largest U.S. media companies. The new company is the result of AT&T spinning off WarnerMedia, which owns a variety of major media properties including CNN, TBS, TNT, Warner Bros. film and television studio and HBO, into a new company. STRF/STAR MAX/IPx. The new company will be a global company covering entertainment, news, non-fiction and sport. Paul Gallant, one of the top media regulatory analysts in D.C., said in a note to clients on Monday: "Warner/Discovery is stepping into an increasingly aggressive and populist Democratic environment, especially on antitrust." The Warner-Discovery merger bundles the prestige brand with Animal Planet and 90 Day Fiancé. Now, we know what the proposed standalone company will be called. 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