The merger is just the latest example of consolidation in the media and entertainment space in recent years, as companies jockey to scale up in order to take on streaming video giants like Netflix and, to a certain extent, YouTube.
“During my many conversations with John, we always come back to the same simple and powerful strategic principle: these assets are better and more valuable together. It is super exciting to combine such historic brands, world class journalism and iconic franchises under one roof and unlock so much value and opportunity,” Added Zaslav.
In early 2019, The Walt Disney Co. acquired the entertainment assets of 21st Century Fox in a $71.3 billion blockbuster deal that paved the way for Disney+. Discovery previously bulked up in 2018 through the $14.6 billion takeover of Scripps Networks Interactive, the owner of Food Network and HGTV.
'I've been saying that this will be the Internet Century. We are going to be the global company for the Internet age.' - Steve Case, January 11, 2000
Better headline: Baby Bell, My Ass!
Game Changer!
Give us TeenTitans Season 6!!!!!!!! Finish off the cliffhanger!!!!!!! 😂
I think more and more wbpictures is becoming less important and I’m sure maybe 5 years down the line the once great studio will go downhill. None it is bringing synergies they tell it will just becoming too big. None of them understand films. RIPWarnerBros
So HBO MAX worldwide soon?
Sounds like a win for consumers!
FireTobyEmmerich
More content for HBOMAX and Discovery+. Warner Bros. Will operate as usual. AT&T gets more cash and debt security. This is good business.
I just bought a Discovery + subscription. Great. Now what?
Midnights_Edge ThomasConnorsJr
I hope Discovery disintegrate DCComics from wbpictures and make it a seperate studio. It's time.
Nothing better happen to my beloved HBO.
Good bye toby.
Discovery FireTobyEmmerich RestoretheSnyderverse!
RestoreTheSnyderVerse on the way 😎
Can't wait for GraceRandolph video now
Cul-de-sacked?
What a shit show
Goodbye toby emmerich..🤡🤡🤡
So Jason Killar is already gone. Who's next?
He has risen
Please god if you are listening
THERE IS HOPE! RestoreTheSnyderVerse
RestoreTheSnyderVerse FireTobyEmmerich
How this effect WB games? That’s all I care
DanielRPK Bye Toby. wbpictures 👋🏽
There isnt a wrd about Jason Kilar curntly. But since Zaslav is gettn the CEO position, it seems, sadly, Jason will loose his position or will get kind of a dwngraded/more limitd one or so. He seemd really nice & passionate. Don't think he dserves this so hope he gts smthng good.
WB is sinking like Titanic.