AT&T Merge Warnermedia With Discovery

[ZariusTwo]

AT&T Inc. (NYSE:T) and Discovery, Inc. (NASDAQ: DISCA, DISCB, DISCK) today announced a definitive agreement to combine WarnerMedia’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.

https://about.att.com/story/2021/warnermedia_discovery.html

[Andrew NDB]

Potentially...

[ZariusTwo]

Potentially...

Nothing 'potential' about it, it's only a formality getting it to be agreed upon.

[NinjaPug]

People give Disney **** all the time but what AT&T has done with WB is disgusting. It's exactly the failure people thought it would be when a telephone company thought they knew how to run a content creator. Laid off thousands of people, alienated their talent (WB was always known as the most director friendly studio before AT&T) and are cutting their losses 3 years after the fact. They spent almost the same amount of time fighting Congress to get approval to buy WB as they did owning them outright.

At least this merger with Discovery means there won't be a WB merger with Comcast/Universal that has been rumored. Streaming is going to lead to more cannibalization of studios which is a shame.

[sdp]

oh it's definitely happening and yes it was a huge failure, i never would've expected it but with this move it's clear. AT&T acted like they loved their DC assets but now we know they realized they made a huge mistake. With the streaming competition we're going to see more big mergers with the excuse of being able to compete with big tech. Peacock and paramount plus will not exist as we know them in 5 years, who knows what will actually happen but it won't be as we currently know them.

[CyberCubed]

So what happens to WB/DC? I don't get it.

[sdp]

When all things are said and done basically Discovery will own all of what was Warner Bros and AT&T will have nothing to do with it. Right now it's being "spun-off" into a new company that AT&T doesn't control despite owning a majority stake on the company. They'll just be selling that in the next two years or so once it's approved.

[TigerClaw]

The issue right now is WB Games, Some of those companies are possibly gonna split. We don't know what it will mean for studios like Netherrealm Studios, Rocksteady and TT Games, Those 3 have access to the DC universe.

[ZariusTwo]

Warner Discovery are pulling a lot of animated content from HBO Max, including OK KO and Infinity Train

https://www.themarysue.com/warner-bros-discovery-to-remove-massive-list-of-animation-from-hbo-max/

[ZariusTwo]

Now there may be a merger being considered with NBCUniversal

https://www.hollywoodreporter.com/business/business-news/warner-bros-discovery-has-bigger-problems-than-its-dc-search-1235221804/?utm_source=twitter&utm_medium=social

[oldmanwinters]

Warner Bros has become the proverbial fruitcake of the conglomerate world... you just keep passing it around unused year after year.

[IMJ]

Warner Bros has become the proverbial fruitcake of the conglomerate world... you just keep passing it around unused year after year.

That is hysterical! And an astute observation....

[The Deadman]

Now there may be a merger being considered with NBCUniversal

https://www.hollywoodreporter.com/business/business-news/warner-bros-discovery-has-bigger-problems-than-its-dc-search-1235221804/?utm_source=twitter&utm_medium=social

Can we stop with everything merging? Please and thank you.

[ZariusTwo]

Final Space the latest show to be affected by the cuts. All US and International copies will be removed from streaming platforms when the licence is up

https://twitter.com/thecartooncrave/status/1573760414608916483?t=wSx0p1hl9JxEeZ7Zs4ln3A&s=19

[Andrew NDB]

Never even heard of Final Space until this.

[member_removed]

Never even heard of Final Space until this.

You're not missing much. Great value Futurama.

[Vegita-San]

Final Space the latest show to be affected by the cuts. All US and International copies will be removed from streaming platforms when the licence is up

https://twitter.com/thecartooncrave/status/1573760414608916483?t=wSx0p1hl9JxEeZ7Zs4ln3A&s=19

really embarrassed by that horrible animation style, I see. as they should be :)

[ZariusTwo]

Warner could be sold within two years

https://comicbook.com/movies/news/warner-bros-expected-to-be-sold-new-owner-universal-report/

[Autbot_Benz]

Warner could be sold within two years

https://comicbook.com/movies/news/warner-bros-expected-to-be-sold-new-owner-universal-report/

Good David Zaslav has been a cancer to Warner Brothers

[KROW]

WB has turned nearly everything they touch into garbage. All their good properties are either ended prematurely or bled dry and trashed. Their reputation for being assholes dates back to their acquisition of Atari in 1976.