Warner Bros. Discovery merger closes, creating global content behemoth

The newly combined Warner Bros. Discovery has begun trading on the Nasdaq stock exchange today, after the $43bn merger of Discovery and AT&T’s WarnerMedia closed on Friday. The closure of the deal brings WarnerMedia’s entertainment, sports and news assets under the same roof as Discovery’s array of factual entertainment offerings to create a $150bn content […]

Discovery shareholders vote for $43bn WarnerMedia acquisition

Discovery shareholders have given the greenlight to its $43bn acquisition of WarnerMedia from AT&T, with the deal on track to close in the middle of next month. The US Department of Justice and directors of both firms have already given their nod to the takeover, while the European Commission and the Internal Revenue Service (IRS) […]

AT&T brings forward expected merger of WarnerMedia & Discovery

AT&T has said it expects the merger between Discovery and WarnerMedia to close in the second quarter of 2022, as the HBO Max operator a revealed a 38% dip in operating income despite stronger subscrioption growth.  The US telco, which had previously expected the merger of its WarnerMedia division with Discovery to close mid-2022, announced […]

ViacomCBS & WarnerMedia explore sale of The CW

WarnerMedia and ViacomCBS are exploring a sale of their jointly owned US broadcast network The CW, with American regional operator Nexstar Media Group among suitors, according to reports. AT&T WarnerMedia, which is in the process of merging with Discovery, and ViacomCBS are considering selling either a controlling stake or the entirety of the Superman & […]

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 […]

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