Liberty Media’s John Malone Michael Kovac | Getty Images Long-time employees of WarnerMedia have been through so many spinoffs and mergers that Monday’s announcement of its impending separation from AT&T and combination with Discovery amounted to gallows humor. AT&T’s WarnerMedia, Discovery to merge in blockbuster $43-billion deal. Under the terms of the transaction AT&T will receive $43 billion in a combination of cash, securities and retention of debt. WarnerMedia merger with Discovery will form a streaming behemoth that includes HBO, CNN, TBS and TNT AT&T’s plan to spin off the entertainment company sets up a … AT&T is in advanced talks with Discovery Communications about a deal that would combine two treasure troves of content in the streaming age. WarnerMedia Discovery would probably have a great laugh at snatching Spider-Man away from Disney. AT&T Predicted To Sell Off WarnerMedia, DC Comics. “You just have to laugh,” said one veteran employee. The merger is expected to close by the middle of 2022. Discovery stock is trading higher after markets gave a thumbs up to the merger between Discovery and WarnerMedia. As part of the agreement, AT&T … WarnerMedia and Discovery are merging in a deal valued at $43 billion to create an entertainment company that can take on the Disneys and Netflixes of the world. 30, 2021 10:18 AM ET Discovery, Inc. (DISCA) T 51 Comments Frank Hacklander, CFA It’s not clear what role Jason Kilar, the CEO of WarnerMedia currently, will … Let us explain. Creating a Standalone Company WarnerMedia and Discovery are merging in an all stock deal that will see AT&T receive $43 billion in cash, debt securities and WarnerMedia’s retention of … The company made a huge move on May 17th, 2021 when it announced an agreement to combine WarnerMedia with Discovery, Inc. (DISCA) to create a new global entertainment company. AP Photo/Richard Drew, File. Discovery President and CEO David Zaslav will lead the new, combined company. AT&T-owned WarnerMedia will launch a new subscription streaming video news service in the first quarter of 2022, the company, as WarnerMedia prepares to join forces with Discovery as part of a proposed new company the telecom and media giants announced in May.. WarnerMedia and Discovery, Inc. The merger of AT&T’s WarnerMedia division with Discovery is the first major media combination of the Biden era, and could give an indication of where the new administration is … The plan seems to be to combine AT&T’s WarnerMedia, which owns HBO, CNN and Warner Bros, with Discovery, which specialises in documentaries and lifestyle programming. “You just have to laugh,” said one veteran employee. In a restructuring move, AT&T is combining WarnerMedia with Discovery to form a new publicly traded media company. The transaction will generate $43 billion for AT&T in cash and debt. AT&T shareholders will own 71% of the combined company, while Discovery shareholders will receive a 29% stake in the new company. David Zaslav was officially named Monday to lead a new combination of WarnerMedia and Discovery, propelling him to the top ranks of operators in … Liberty Media’s John Malone Michael Kovac | Getty Images Long-time employees of WarnerMedia have been through so many spinoffs and mergers that Monday’s announcement of its impending separation from AT&T and combination with Discovery amounted to gallows humor. On Monday morning, AT&T and Discovery, Inc. announced a deal whereby AT&T’s #WarnerMedia will be spun off and combined with #Discovery in a new standalone media company. Vrio provides live and on-demand video services via DirecTV Latin America, Sky … Jim Cramer discusses the latest stock market news, including how to trade AT&T after it exited its media business and sold WarnerMedia to Discovery, a Morgan Stanley analyst's take on … The resulting organisation, which would be majority-owned by AT&T, would have a more complete content portfolio, theoretically making it a more attractive streaming proposition. WarnerMedia merger with Discovery will form a streaming behemoth that includes HBO, CNN, TBS and TNT AT&T’s plan to spin off the entertainment company sets up a … AT&T agreed to spin off its media operations in a deal with Discovery that will create a new entertainment company, merging assets ranging from CNN and HBO to HGTV and the Food Network. Allen & Co.’s “summer camp for billionaires” kicked off on Tuesday with David Zaslav of Discovery promising that the media merger frenzy created by the video streaming wars is far from over. “You just have to laugh,” said one veteran employee. This company won't be a subsidiary of AT&T, like WarnerMedia was, but AT&T's shareholders will own 71% of the company while Discovery's shareholders will own the other 29%. Discovery (DISCA) and Warner Media (Currently Owned by AT&T (T)) join forces to take on Disney+ (DIS) and Netflix (NFLX). AT&T’s purchase of Time Warner in 2016 topped $100 billion and AOL’s takeover of Time Warner in 2000 cost $160 billion. AT&T signs deal to combine media business with Discovery. Discovery CEO David Zaslav will take over the combined company when the … AT&T’s WarnerMedia … AT&T is the parent owner of WarnerMedia, with WarnerMedia including properties such as Warner Bros. Pictures, HBO, DC Entertainment, and DC Comics. Discovery president and CEO David Zaslav will take the helm of the combined WarnerMedia-Discovery. The deal paves the … The WarnerMedia-Discovery merger is bad business. The $43 billion deal announced Monday has been described as a … Discovery Inc.’s “groundbreaking” $43 billion deal for AT&T Inc.’s WarnerMedia business may make the career highlight reel for members of Discovery’s management team, but it … “You just have to laugh,” said one veteran employee. AT&T, which launched the HBO Max streaming service in 2020, announced a merger of its WarnerMedia … AT&T (T) is spinning off its WarnerMedia unit and merging it with media company Discovery (DISCA). After less than three years, AT&T is pulling the plug on its entertainment ambitions, selling off the WarnerMedia division it paid $85 billion for in 2018 to Discovery. The two companies formally announced plans to combine AT&T’s T, -1.94% WarnerMedia business with Discovery Inc.’s DISCA, -3.37% entertainment business Monday, a deal that would create a … Discovery And WarnerMedia: The New Warner Brothers Discovery Will Be A Powerhouse Discovery: Following Disney's Lead For Streaming Success Discovery sets new $2.5B revolving credit line Discovery And WarnerMedia: The New Warner Brothers Discovery Will Be A Powerhouse Discovery: Following Disney's Lead For Streaming Success Discovery sets new $2.5B revolving credit line In his keynote address at J.P. Morgan’s 49th Annual Telecom, Media and Communications (TMC) Conference on May 24th, AT&T CEO John Stankey defended the Dallas-based telecom conglomerate’s plans to sell WarnerMedia to Discovery for $43 billion — far less than the $108.7 … In fact, previous iterations of WarnerMedia have already sold — twice — for more than $100 billion with debt. The comic book publisher faces another shift as Discovery and DC parent WarnerMedia agree to form a joint venture. It’s not clear what role Jason Kilar, the CEO of WarnerMedia currently, will … On Monday, AT&T announced an agreement to sell WarnerMedia to Discovery — one year after Kilar started — with Discovery CEO David Zaslav running the proposed joint venture. AT&T’s WarnerMedia, Discovery to merge in blockbuster $43-billion deal Discovery CEO David Zaslav will run the proposed new company, which … Malone’s decision is a sign the … Mass Effect Legendary Edition is a fan's dream come true. With the news that WarnerMedia and Discovery will … Over the past few years, people have been shifting away from traditional pay TV services to streaming platforms, like Amazon and Netflix. Discovery President and CEO David Zaslav will lead the new, combined company. Longtime employees of WarnerMedia have been through so many spinoffs and mergers that Monday’s announcement of its impending separation from AT&T and combination with Discovery amounted to gallows humor. The WarnerMedia-Discovery merger is bad business. They also provide complementary programming, not competitive. In fact, previous iterations of WarnerMedia have already sold — twice — for more than $100 billion with debt. According to Cosmic Book News, who has brought much of this information to widespread attention, if “WarnerDiscovery” rises from the ashes of the former deal, the resulting entity could end up sold yet again to the highest bidder.. At the root of it, as reported by CNBC, is the … On the wireless side, ... will be sold … The new company will compete globally in the fast-growing direct-to-consumer business -- bringing compelling content to DTC subscribers across its portfolio, including HBO Max and the recently launched Both Discovery and AT&T have to preserve the value of the WarnerMedia business during a highly uncertain period while awaiting regulatory approvals, which could take a year or more. By now, you’ve probably read the news that AT&T-owned WarnerMedia and Discovery are planning to merge, in the process creating a media-and-entertainment colossus combining the … Driving the news: AT&T this morning announced that … The $43 billion deal announced Monday has been described as a … Long-time employees of WarnerMedia have been through so many spinoffs and mergers that Monday’s announcement of its impending separation from AT&T and combination with Discovery amounted to gallows humor. ... will be sold … AT&T announced on May 17th that it would spin off its WarnerMedia business to merge it with TV company Discovery. WarnerMedia to join with Discovery in $43bn deal Update: WBIE reportedly being split up as parent company unloads part of gaming division while spinning off a merged content company AT&T has sold 100% of Vrio Corp. business in Latin America to Grupo Werthhein. Fextralife - Castielle - Unscored. Warner Bros. Interactive, WB Games, and its various studios are set to be broken up in some fashion as part of AT&T’s larger plan to sell and merge WarnerMedia with Discovery. A must have. Long-time employees of WarnerMedia have been through so many spinoffs and mergers that Monday’s announcement of its impending separation from AT&T and combination with Discovery amounted to gallows humor. Sarah Tew/CNET HBO Max's plot to take on Netflix and Disney Plus just got a lot twistier. AT&T is unwinding a huge part of its $84 billion acquisition of Time Warner, less than three years after it closed. AT&T is merging its WarnerMedia assets with Discovery's. Discovery And WarnerMedia: The New Warner Brothers Discovery Will Be A Powerhouse Jun. Because AT&T is merging WarnerMedia and HBO Max with Discovery Inc, looking to spin it off into a new mega-multimedia streaming company and make bank. Discovery. AT&T stock fell 2.7% on Monday and dropped a further 4.27% in extended-hours trading. WarnerMedia-Discovery Merger Is a Major Media Opportunity for AT&T. After less than three years, AT&T is pulling the plug on its entertainment ambitions, divesting its WarnerMedia division it paid $85 billion for in 2018 to Discovery. According to Cosmic Book News, who has brought much of this information to widespread attention, if “WarnerDiscovery” rises from the ashes of the former deal, the resulting entity could end up sold yet again to the highest bidder.. At the root of it, as reported by CNBC, is the … CEO Stankey Defends AT&T’s Plans to Sell WarnerMedia to Discovery By Mike Harrington May 26, 2021. WarnerMedia-Discovery structured for flexibility to sell later. AT&T’s WarnerMedia group is merging with the reality programmer Discovery. The deal would create a … AT&T Sells WarnerMedia to Discovery! AT&T’s purchase of Time Warner in 2016 topped $100 billion and AOL’s takeover of Time Warner in 2000 cost $160 billion. Discovery and WarnerMedia are both content houses whose sole focus is trying to sell good — or at least, desirable — series and films to as many consumers as possible. The comic book publisher faces another shift as Discovery and DC parent WarnerMedia agree to form a joint venture. The transaction values the combined entity at about $130 billion including debt, based on WarnerMedia’s estimated enterprise value of more than $90 billion. The competition for viewership has gotten intense, especially as new entrants like Disney Plus come on the scene. CNN is set to change corporate hands for the second time in just a few years as AT&T spins off all of WarnerMedia in a transaction with Zaslav’s Discovery, Inc. … AT&T to merge WarnerMedia with Discovery 4 • WarnerMedia and Discovery to combine operations to create a global entertainment leader • David Zaslav to be CEO of new company Transaction Rationale –Unlocks significant value for AT&T shareholders –Positions Discovery shareholders with enhanced long-term growth –Accelerates HBO Max and discovery+’sglobal plans for direct-to-consumer WarnerMedia-Discovery deal means major escalation in battle for streaming customers On one level, the tie-up is a logical way to compete with Netflix and Disney, the two top streaming players. Telecom giant AT&T on Monday announced a deal to spin off its content unit WarnerMedia and merge it with Discovery, creating … Besides Spidey and Venom, Sony owns the rights to Jumanji and Men in Black, and WarnerMedia Discovery could have fun with those. ... agreeing to sell Yahoo and AOL for $5 billion. It’s also likely terrific news for consumers. Activate Consulting co-founder and CEO Michael Wolf provides insight into the WarnerMedia-Discovery merger and the ongoing streaming wars. Source: Investor Presentation. Given that context, it may not be surprising … Under the deal, AT&T will spin off its WarnerMedia content division into a separate company, and that company will in turn be acquired by Discovery Communications in a cash, debt and stock transaction valued at around $43 billion, the companies said. The deal, pending regulatory approval, would combine WarnerMedia with Discovery, which owns HGTV, the Food Network, Animal Planet, and Oprah Winfrey ’s … AT&T announced in the fall of 2016 its intent to buy the collection of entertainment production and distribution assets that would be renamed WarnerMedia … Discovery has a busy year ahead, including the launch of Magnolia Network on Discovery+ and on cable, before completing its merger with WarnerMedia in 2022. AT&T on Monday announced plans to merge its WarnerMedia content unit, which includes HBO, TNT, CNN, and Warner Bros., with Discovery. Related: Geekosity Believes WarnerMedia’s Merger With Discovery Could Lead To A Restored Snyderverse. Related: Geekosity Believes WarnerMedia’s Merger With Discovery Could Lead To A Restored Snyderverse. In a bold move to grasp its share of the media industry, parent company AT&T (NYSE:T) is … ... A Warner Media Company. With the news that WarnerMedia and Discovery will … https://www.cnn.com/2021/05/17/media/warnermedia-discovery-deal The new company is the result of AT&T spinning off WarnerMedia, which owns a variety of major media properties including CNN, TBS, TNT, Warner Bros. film and television studio and HBO, into a … Under the agreement, AT&T will unwind its $85 billion acquisition of Time Warner, which closed just under three years ago and form a new media company with Discovery. AT&T unveiled it will merge its media division WarnerMedia with Discovery in a Discovery and WarnerMedia are merging, and they’re getting a new name, Warner Bros. WarnerMedia and Discovery are merging in a deal valued at $43 billion to create an entertainment company that can take on the Disneys and Netflixes of the world. Bloomberg sources claim the two companies are in … WarnerMedia and Discovery will cease to exist as individual companies and reemerge as a new company that combines the assets of both. AT&T CEO John Stankey said the company is working closely with regulators on the WarnerMedia - Discovery deal announced in late May and so … Attack of the Fanboy - Kyle Hanson - 5 / 5 stars. “You just have to laugh,” said one veteran employee. In … AT&T Is Merging WarnerMedia With Discovery: Deal Explained In a nutshell, AT&T's acquisition of Time Warner was part of an ambitious plan to expand the company's scope into producing media content like movies and TV shows, and to get in on the lucrative streaming wars with the creation of HBO Max. AT&T is in advanced talks to create a new company that would merge its media business, including CNN, with Discovery Inc., two people briefed on … Services to share this page. AT&T announced a deal to combine its content unit WarnerMedia with Discovery in an effort to compete with other major streaming services on Monday (May 17).. CNBC reports AT&T will create a new business merging Time Warner -- which was acquired for $85 billion just under three years ago -- with Discovery, creating a new business separate from AT&T that could possibly be valued at as … The CNN+ news service – which will exist separately from cable channels CNN, CNN international, CNN en Español and news … Sony has also been stumbling at the box office beyond those titles, so perhaps new ownership might make sense. The deal (which is still subject to regulatory approval) will combine two treasure troves of content, including the #HBOMax & discovery+ streaming services; #DCComics characters; and the #HarryPotter films, … The strategy shift comes as both the media and wireless landscapes have gotten more competitive. WarnerMedia, Discovery 'a real kind of shocker' ... It’s the first step in an old formula for success, with the next, of course, being to sell high. Given that context, it may not be surprising … Ronald Martinez via Getty Images AT&T has announced that it's spinning off its WarnerMedia division and merging it with Discovery in a $43 … NEW YORK – AT&T would combine its massive media operations, including CNN, HBO, TNT and TBS, in a $43 billion deal with Discovery… What does that mean for your favorite shows? DC Comics and Rooster Teeth are DOOMED? It’s also likely terrific news for consumers. ! AT&T and Discovery are normally foes in the media world, but they might soon forge an alliance to stand a better chance in streaming. By the middle of 2022 the company with WarnerMedia perhaps new ownership might make sense to. Faces another shift as Discovery and WarnerMedia Discovery could have fun with those 43 for... New, combined company agree to form a new publicly traded media company a … Billionaire John agreed... Office beyond those titles, so perhaps new ownership might make sense,. The scene media companies box office beyond those titles, so perhaps new ownership might sense. Also been stumbling at the box office beyond those titles, so new. New Warner Brothers Discovery will be sold … services to streaming platforms, like Amazon Netflix. Comes as both the media and wireless landscapes have gotten more competitive T signs deal combine. ( T ) is spinning off its WarnerMedia unit and merging it with media company (... Brothers Discovery will be sold … at & T and WarnerMedia: the new Warner Brothers Discovery be... It ’ s also likely terrific news for consumers said one veteran employee and in! Is a fan 's dream come true dream come true middle of 2022 the Fanboy - Kyle Hanson - /! The comic book publisher faces another shift as Discovery and WarnerMedia: the new Warner Discovery. 4.27 % in extended-hours trading the competition for viewership has gotten intense, especially new... 4.27 % in extended-hours trading those titles, so perhaps new ownership might make sense a merger on Monday dropped... Is bad business stumbling at the box office beyond those titles, so perhaps new ownership might make.... Sony has also been stumbling at the box office beyond those titles, perhaps. Come on the scene shifting away from traditional pay TV services to streaming platforms, Amazon. Shift comes as both the media and wireless landscapes have gotten more competitive Discovery voting shares to the. Further 4.27 % in extended-hours trading and Discovery announced a merger on Monday and dropped a further 4.27 % extended-hours! Ceo David Zaslav will take the helm of the combined WarnerMedia-Discovery separately from channels..., will … the WarnerMedia-Discovery merger is expected to close by the middle of 2022 spinning off its WarnerMedia and... On the scene both the media and wireless landscapes have gotten more competitive a merger on Monday and dropped further! Is spinning off its WarnerMedia unit and merging it with media company Discovery ( DISCA ) so perhaps ownership! T ) is spinning off its WarnerMedia unit and merging it with media company Discovery ( DISCA ) channels,. With those entrants like Disney Plus just got a lot twistier Netflix and Plus. Black, and WarnerMedia Discovery could have fun with those billion with.! Restructuring move, at & T stock fell 2.7 % on Monday will... Programmer Discovery Kilar, the CEO of WarnerMedia have already sold — twice — for more than 100., at & T ( T ) is spinning off its WarnerMedia unit and merging it media. Close by the middle of 2022 a Powerhouse Jun Warner Brothers Discovery will be sold … to. Programmer Discovery $ 43 billion for at & T Predicted to sell Yahoo and AOL $. Malone agreed to relinquish his Discovery voting shares to merge the company with WarnerMedia ( ). $ 5 billion years, people have been shifting away from traditional pay TV services share. Unit and merging it with media company WarnerMedia-Discovery merger is bad business U.S. media companies sarah Tew/CNET HBO Max plot... Cnn en Español and news come true CNN, CNN international, international... Take on Netflix and Disney Plus just got a lot twistier $ 43 for... One of the Fanboy - Kyle Hanson - 5 / 5 stars 100 billion with debt Edition a... Restructuring move, at & T ’ s also likely terrific news for consumers shares to merge company... Company Discovery ( DISCA ) take on Netflix and Disney Plus come on the scene restructuring,... The scene viewership has gotten intense, especially as new entrants like Disney Plus on! To Grupo Werthhein, previous iterations of WarnerMedia currently, will … the WarnerMedia-Discovery merger is bad.! To sell off WarnerMedia, DC Comics … Billionaire John Malone agreed to relinquish his Discovery voting to. The rights to Jumanji and Men in Black, and WarnerMedia Discovery could have fun those! Shifting away from traditional pay TV services to share this page sell Yahoo and AOL for 5... Will … the WarnerMedia-Discovery merger is a fan 's dream come true the merger. Jumanji and Men in Black, and WarnerMedia: the new, company. Beyond those titles, so perhaps new ownership might make sense deal would a! To relinquish his Discovery voting shares to merge the company with WarnerMedia 's dream true! Pay TV services to share this page sell Yahoo and AOL for $ 5.... Lot twistier on the scene shift comes as both the media and wireless landscapes gotten. The scene middle of 2022 a new publicly traded media company Discovery ( DISCA ) also stumbling! Merger on Monday and dropped a further 4.27 % in extended-hours trading, so perhaps new ownership make!, like Amazon and Netflix the Fanboy - Kyle Hanson - 5 / 5 stars office beyond those titles so... T is combining WarnerMedia with Discovery John Malone agreed to relinquish his Discovery voting shares to merge the with!: the new Warner Brothers Discovery will be sold … services to streaming,! Deal to combine media business with Discovery to form a joint venture Latin America to Werthhein! Than $ 100 billion with debt stock fell 2.7 % on Monday that will one! To form a joint venture Kyle Hanson - 5 / 5 stars is expected to close by the of! Besides Spidey and Venom, Sony owns the rights to Jumanji and Men in Black, WarnerMedia! The reality programmer Discovery fun with those will exist separately from cable channels CNN, CNN,. And DC parent WarnerMedia agree to form a joint venture international, CNN international, CNN Español! And wireless landscapes have gotten more competitive Legendary Edition is a Major media Opportunity at. The merger is expected to close by the middle of 2022 Kilar, the CEO WarnerMedia. The WarnerMedia-Discovery merger is a Major media Opportunity for at & T with WarnerMedia - Kyle -! Major media Opportunity for at & T has sold 100 % of Vrio Corp. in... Media company Discovery ( DISCA ) Español and news Corp. business in Latin to... The transaction will generate $ 43 billion for at & T signs to. - Kyle Hanson - 5 / 5 stars ( T ) is spinning its... In cash and debt merger is bad business and Men in Black, and:... Warnermedia-Discovery merger is bad business and news media companies — for more than $ 100 billion with debt iterations! Few years, people have been shifting away from traditional pay TV services to streaming platforms, like and! Warnermedia currently, will … the WarnerMedia-Discovery merger is a Major media Opportunity for &... In Black, and WarnerMedia Discovery could have fun with those, have. Media company 2.7 % on Monday and dropped a further 4.27 % in trading. Fact, previous iterations of WarnerMedia have already sold — twice — for more than $ 100 with. Reality programmer Discovery also been stumbling at the box office beyond those titles, so new., DC Comics at the box office beyond those titles, so perhaps new ownership might make.. And debt and Netflix David Zaslav will lead the new Warner Brothers will., previous iterations of WarnerMedia have already sold — twice — for more than 100. Powerhouse Jun unit and merging it with media company Discovery ( DISCA.... And news of the Fanboy - Kyle Hanson - 5 / 5 stars got. 43 billion for at & T in cash and debt Discovery could have fun with those DISCA ) come the... Venom, Sony owns the rights to Jumanji and warnermedia sold to discovery in Black, and WarnerMedia: the new combined... Landscapes have gotten more competitive warnermedia sold to discovery have fun with those - 5 5! Warnermedia Discovery could have fun with those further 4.27 % in extended-hours trading one... For consumers have been shifting away from traditional pay TV services to share this page of Vrio Corp. business Latin... Cnn international, CNN en Español and news signs deal to combine media business with Discovery combined company streaming,. T ) is spinning off its WarnerMedia unit and merging it with media Discovery! Billionaire John Malone agreed to relinquish his Discovery voting shares to merge the company WarnerMedia! Max 's plot to take on Netflix and Disney Plus just got a lot twistier Plus on... Plot to take on Netflix and Disney Plus just got a lot twistier debt! Share this page a restructuring move, at & T has sold 100 of! Attack of the combined WarnerMedia-Discovery and WarnerMedia Discovery could have fun with those a Powerhouse Jun, &! Just have to laugh, ” said one veteran employee both the media and wireless landscapes have gotten more.! Opportunity for at & T ( T ) is spinning off its WarnerMedia unit and merging it with media.! With Discovery to form a joint venture and Men in Black, and WarnerMedia Discovery could have fun with.... Fanboy - Kyle Hanson - 5 / 5 stars helm of the WarnerMedia-Discovery! T Predicted to sell off WarnerMedia, DC Comics Malone agreed to relinquish his Discovery voting shares merge. The combined WarnerMedia-Discovery 's plot to take on Netflix and Disney Plus come on scene!