’s premium entertainment, sports and news assets with Discovery’s leading nonfiction and international entertainment and sports businesses to create a premier, standalone global entertainment company led by Discovery CEO David Zaslav.
The name of the new company hasn’t been determined, nor has the management structure. For now “Jason Kilar remains CEO of WarnerMedia,” said AT&T John Stankey at a press conference early Monday. “David’s got decisions on what he wants to do on who will be in what role moving forward.”The boards of both AT&T and Discovery have approved the transaction.
The transaction is anticipated to close in mid-2022, subject to approval by Discovery shareholders and customary closing conditions, including receipt of regulatory approvals. No vote is required by AT&T shareholders. Agreements are in place with Liberty Media’s John Malone and Advance to vote in favor of the transaction.
“This agreement unites two entertainment leaders with complementary content strengths and positions the new company to be one of the leading global direct-to-consumer streaming platforms,” said AT&T CEO John Staneky. “It will support the fantastic growth and international launch of HBO Max with Discovery’s global footprint and create efficiencies which can be re-invested in producing more great content to give consumers what they want.
Might as well just make it all one company. That'd where we are fucking going anyway.. I mean look at this guy. Isn't that a face you can trust
Lmfao
And will this bring Infinity Train back?
RestoreTheSndyerVerse Restore the goldmine, reverse the actual situation.
Only a matter of time…. RestoreTheSnyderVerse ReleaseTheAyerCut UsUnited ZackSnydersJusticeLeague
Here is what I’m hearing this huge merger is gonna take some time like the Disney & Fox merger did & won’t go into effect until 2022! That’s smart since 4 new DC movies drop that year which can help them fix DC! They also so need to fix GOT & Wizarding World plus Cartoon Network!