AT&T's WarnerMedia to team up with Discovery

[TheButcher]

Or how I see it AT&T said hell with this let's get back to our core business and leave media to others., what do you think.


"New York (CNN Business)The streaming TV race is about to get even more competitive.
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 in a new standalone media company.
The deal, subject to regulatory approval, will combine two treasure troves of content, including the HBO Max and discovery+ streaming services. CNN will be included in the transaction.

Discovery CEO David Zaslav will run the combined business, according to Monday's announcement."

https://www.cnn.com/2021/05/17/media/wa ... index.html

[Sebs]

Big money changing hands

[razor]

They tried and realized it was not for them, that is how I read into it.

[Franksdomains]

People will still carry on viewing their shows, it will not change anything, investors stand to make big bucks from this.