AT&T is in talks with Discovery, Inc. to merge its media business with the sprawling television company, Bloomberg reported on Sunday.
Bloomberg reports that the two media giants could unveil an agreement as early as this week.
Under the terms floated by Bloomberg, AT&T would spin off WarnerMedia into the newly combined company, creating a TV, film and streaming powerhouse. AT&T would contribute assets including WarnerMedia and HBO Max with Discovery’s reality television-heavy properties, such as the Discovery Channel, HGTV, TLC, Food Network, OWN and Animal Planet, among others.
Some on Wall Street have predicted further mega-deals, with much ...
Bloomberg reports that the two media giants could unveil an agreement as early as this week.
Under the terms floated by Bloomberg, AT&T would spin off WarnerMedia into the newly combined company, creating a TV, film and streaming powerhouse. AT&T would contribute assets including WarnerMedia and HBO Max with Discovery’s reality television-heavy properties, such as the Discovery Channel, HGTV, TLC, Food Network, OWN and Animal Planet, among others.
Some on Wall Street have predicted further mega-deals, with much ...
- 5/16/2021
- The Hollywood Reporter - Film + TV
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