Funimation closes $1.2bn acquisition of anime streaming rival Crunchyroll

Sony’s Funimation group has completed its $1.175bn acquisition of AT&T’s global anime streaming service Crunchyroll, bringing the two competing services under the same roof. The agreement was first announced in December 2020 and had been awaiting regulatory approval. The deal includes streaming rights to more than 1,000 anime titles and while the two companies will […]

WarnerMedia & Discovery unveil post-merger name

The new company merging AT&T-owned WarnerMedia and Discovery has a name: Warner Bros. Discovery. Announced last month, Warner Bros. Discovery is proposed as a new ‘pure play’ content company that will own one of the deepest libraries in the world with nearly 200,000 hours of programming. It will also house both HBO Max and Discovery+ […]

WarnerMedia CEO Jason Kilar set for exit following AT&T’s Discovery deal

Jason Kilar, the CEO of WarnerMedia, is reportedly negotiating his way out of the company after being frozen out of merger talks between AT&T and Discovery. The industry was stunned when AT&T announced that it planned to spin off WarnerMedia and its associated entertainment assets into a standalone company with factual giant Discovery. The new […]

AT&T confirms WarnerMedia & Discovery merger in shock $150bn deal

WarnerMedia owner AT&T has unveiled a shock deal to combine its media assets with factual giant Discovery that will create a $150bn content behemoth. The agreement, details of which were first reported on Sunday, will bring WarnerMedia’s entertainment, sports and news assets under the same roof as Discovery’s array of factual entertainment offerings. It includes […]

WarnerMedia credits film strategy as HBO Max nears 10 million subs

WarnerMedia-owned streamer HBO Max is approaching 10 million subscribers as it comes up to one year on the market. The company confirmed that it had added 2.8 million subscribers during the most recent quarter to a total of 9.7 million HBO Max retail subscribers. This is up from 6.9 million at the end of 2020. […]

TBI Tech & Analysis: How Disney & WarnerMedia prepared for streaming wars

  A fortnight ago, TBI Tech & Analysis reflected on the transformative moves into DTC streaming by US studios. Now, Omdia’s senior research manager Tim Westcott provides a potted history of how two of the biggest operators – Disney and WarnerMedia – realigned their operations to take on Netflix. It was only in 2018 that Walt Disney […]

HBO Max to launch in 60 countries by end of 2021, preps baking & Fremantle formats

HBO Max has outlined more details about its global roll-out and upcoming AVOD service while also revealing a new format commission for Fremantle, with the AT&T-owned streamer now predicting it will secure up to 150 million subscribers worldwide by 2025. The streamer, which launched into the hugely competitive US SVOD landscape last year, said it would launch in […]

Sony strikes $1.2bn deal for WarnerMedia’s anime streamer Crunchyroll

Sony has agreed to buy WarnerMedia-owned anime streaming service Crunchyroll in a deal worth almost $1.2bn. The service, which has three million paying subscribers, will be incorporated into Sony’s own anime streamer Funimation following the $1.175bn acquisition, which also includes streaming rights to more than 1,000 anime titles. The sale was first reported in August, when reports emerged […]

Warner Bros. TV Group’s president & chief marketing officer Lisa Gregorian to exit

Warner Bros. Television Group’s president & chief marketing officer Lisa Gregorian has become the latest senior exec to depart amid the major restructuring at WarnerMedia. Gregorian will be leaving the studio at the end of the year, when much of her remit – including marketing – will be taken up by Karen Miller, currently EVP of […]

AT&T completes $1.1bn sale of Nova TV & bTV owner CME

WarnerMedia owner AT&T has completed the $1.1bn sale of its stake in Central European Media Enterprises (CME), the group behind channels including bTV in Bulgaria and TV Nova in the Czech Republic. The deal, first revealed last year, will see Czech private equity firm PPF Group acquiring the majority stake held by AT&T, which had […]

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