AT&T + Discovery: First Impressions on the Potential Merger

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Quick insights for Variety's VIP+ subscribers on what could be the next media mega-deal

HBO Max is as good a contender for the top tier as any player out there on the second tier, which also includes Comcast’s Peacock, Apple TV+ and ViacomCBS’ Paramount+. Any of these three entities could have easily been first movers on this kind of M&A as well.

Discovery was always going to be a prime acquisition candidate. Discovery+ has gotten off to a respectable start, but never had a chance to crack the first-tier streaming category. Nevertheless, its unrivaled portfolio of unscripted content is a great companion to WarnerMedia’s scripted prowess. Next, next question: Would CEO David Zaslav stick around in a combined pairing? Or would he report into Kilar?

However, AT&T has a stock price that has lagged that of those operating the first-tier streaming services, and Stannkey needs to close that gap by any means necessary.

 

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So who is going to buy paramountplus

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