AT&T has unveiled plans to spin off its WarnerMedia business and combine with Discovery Communications to form a standalone, publicly-traded entertainment conglomerate.
In a release, the companies said the new entity -- whose name will be announced later this week -- will be led by Discovery president and CEO David Zaslav, with execs from both companies slated to fill key leadership roles. (The fate of current WarnerMedia CEO Jason Kilar remains uncertain). The Financial Times pegs the valuation of the combined entity at $150 billion.
It would bring together storied content brands like HBO, Warner Bros., Discovery, DC Comics, CNN, Cartoon Network, HGTV, Food Network, TLC, and Animal Planet under one roof. And the new entity would presumably pave the way for a streaming offering that has the scale to compete with industry leaders like Netflix and Disney+. The transaction is expected to close in mid-2022.
Visit Tubefilter for more great stories.
In a release, the companies said the new entity -- whose name will be announced later this week -- will be led by Discovery president and CEO David Zaslav, with execs from both companies slated to fill key leadership roles. (The fate of current WarnerMedia CEO Jason Kilar remains uncertain). The Financial Times pegs the valuation of the combined entity at $150 billion.
It would bring together storied content brands like HBO, Warner Bros., Discovery, DC Comics, CNN, Cartoon Network, HGTV, Food Network, TLC, and Animal Planet under one roof. And the new entity would presumably pave the way for a streaming offering that has the scale to compete with industry leaders like Netflix and Disney+. The transaction is expected to close in mid-2022.
Visit Tubefilter for more great stories.
- 5/17/2021
- by Geoff Weiss
- Tubefilter.com
Similar News
BBC Three Greenlights First Animation In 20 Years
- 4/23/2024
- by Max Goldbart
- Deadline Film + TV
‘Missing You’ Writer Victoria Asare-Archer Penning Limited Series Adaptation of C.M. Ewan’s ‘The House Hunt’ for Eleventh Hour Films (Exclusive)
- 4/23/2024
- by K.J. Yossman
- Variety Film + TV
‘Boy Kills World’ producer Nthibah Pictures lines up next feature ‘Project Legion’ (exclusive)
- 4/23/2024
- ScreenDaily
“Feels like start of a new era”: Chris Hemsworth’s Stunt Double Says James Gunn’s Superman is the Mountain Top For Him Despite Working in Avengers: Endgame
- 4/23/2024
- by Subham Mandal
- FandomWire
The Creature From The Black Lagoon Lives! Is The Perfect New Comic For Horror Movie Fans
- 4/23/2024
- by Devin Meenan
- Slash Film
One DC Animated Show Under Bruce Timm May Have Gone Too Far by Killing off a Beloved Character Based On Jack Kirby
- 4/21/2024
- by Pratik Handore
- FandomWire
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.
More to explore
‘Deadpool and Wolverine’ Trailer: Hugh Jackman and Ryan Reynolds Fight to the F—ing Death in Raunchy MCU Debut
- 4/22/2024
- by Diego Ramos Bechara
- Variety - Film News
Netflix to Present Sneak Peek of New Wallace & Gromit, Zack Snyder’s ‘Twilight of the Gods’ at Annecy
- 4/22/2024
- by Scott Roxborough
- The Hollywood Reporter - Movie News
‘Lord of the Rings’ Owner Embracer to Separate Into Three Standalone Publicly Listed Entities
- 4/22/2024
- by Naman Ramachandran and K.J. Yossman
- Variety - Film News
Box Office: A24’s ‘Civil War’ Fends Off Three New Movies to Remain No. 1
- 4/21/2024
- by Rebecca Rubin
- Variety - Film News
‘Missing You’ Writer Victoria Asare-Archer Penning Limited Series Adaptation of C.M. Ewan’s ‘The House Hunt’ for Eleventh Hour Films (Exclusive)
- 4/23/2024
- by K.J. Yossman
- Variety - TV News
Meg Bennett, Soap Opera Actress and Writer, Dies at 75
- 4/21/2024
- by Mike Barnes
- The Hollywood Reporter - Movie News
Cillian Murphy Named Best Actor at Irish Academy Awards: ‘It Feels Lovely Being Home’
- 4/20/2024
- by Alex Ritman
- Variety - Film News
Kevin Bacon Returns to High School Where ‘Footloose’ Was Filmed After Student Campaign
- 4/21/2024
- by Carly Thomas
- The Hollywood Reporter - Movie News
Camila Mendes on Why We Need More Latine Representation in Rom-Coms
- 4/22/2024
- by Brenda Barrientos
- Popsugar.com
Saraciea Fennell: "The Black Girl Survives in This One" Is the Representation I Didn't See in Horror Books
- 4/22/2024
- by Saraciea Fennell
- Popsugar.com
New 360-Degree VR ‘Tuskegee Airmen’ Film Puts You in the Cockpit of a P-51 Mustang as a Whole New Way of Teaching History
- 4/23/2024
- by Christian Blauvelt
- Indiewire
‘Dune,’ ‘Rebel Moon,’ and Sydney Sweeney Made Home Viewing Success a Package Deal
- 4/22/2024
- by Tom Brueggemann
- Indiewire
Here’s Every Change ‘The Sympathizer’ Made from Book to TV
- 4/22/2024
- by Wilson Chapman
- Indiewire
Zack Snyder Clarifies ‘Barbie’ Box Office Comments, Stating “Cultural Significance” Is Still Dictated By Theaters
- 4/22/2024
- by Christopher Marc
- The Playlist
Anne Hathaway Says Chemistry Tests Were ‘Gross’ in the Early 2000s: ‘Now We Know Better’
- 4/22/2024
- by Samantha Bergeson
- Indiewire
‘Deadpool and Wolverine’ Trailer: Hugh Jackman and Ryan Reynolds Fight to the F—ing Death in Raunchy MCU Debut
- 4/22/2024
- by Diego Ramos Bechara
- Variety - Film News
Cillian Murphy Named Best Actor at Irish Academy Awards: ‘It Feels Lovely Being Home’
- 4/20/2024
- by Alex Ritman
- Variety - Film News
Box Office: A24’s ‘Civil War’ Fends Off Three New Movies to Remain No. 1
- 4/21/2024
- by Rebecca Rubin
- Variety - Film News
TrustNordisk boards Charlotte Blom’s comedy-drama ‘Three Men And Vilma’ (exclusive)
- 4/23/2024
- ScreenDaily
Lou Ye’s Cannes title ‘An Unfinished Film’ heads to Coproduction Office, lands first sales (exclusive)
- 4/23/2024
- ScreenDaily
Netflix to Present Sneak Peek of New Wallace & Gromit, Zack Snyder’s ‘Twilight of the Gods’ at Annecy
- 4/22/2024
- by Scott Roxborough
- The Hollywood Reporter - Movie News
‘Missing You’ Writer Victoria Asare-Archer Penning Limited Series Adaptation of C.M. Ewan’s ‘The House Hunt’ for Eleventh Hour Films (Exclusive)
- 4/23/2024
- by K.J. Yossman
- Variety - TV News
Watch: Jessica Williams Returns to The Daily Show
- 4/23/2024
- by Jed Rosenzweig
- LateNighter
Mon Night Monologues: Roads High and Low Lead to Trump
- 4/23/2024
- by Dennis Perkins
- LateNighter
How ‘NCIS: Hawai’i’ Just Set Up Two-Part Season 3 Finale
- 4/23/2024
- TV Insider