AT&T contracts with Discovery to create a bn 150bn streaming giant

Just a few years after acquiring ownership of CNN, HBO and Warner Bros., AT&T has reached a deal with its content unit Warner Media to create a আবিষ্কার 150 billion enterprise value with rival discovery, people briefed on the matter.

AT&T’s board of directors met on Sunday to approve the deal, two people familiar with the matter said. He expressed hope that the agreement would be announced in the coming days.

The combination will integrate into one of Hollywood’s most valuable catalogs – Warner Bros. Film and television studios broadly, a portfolio of cable channels including HBO Network and CNN – with the discovery, which has achieved a new streaming targeting unscheduled cooking and home. Reform show.

After dominating the Netflix streaming landscape for several years, the world’s largest media and technology companies have tried to compete with their own services. Over the past year and a half, Disney, Apple, Warnermedia, Comcast, Discovery and others have launched streaming platforms as they fight for a part of the future of entertainment.

The structure of the deal remains unclear, but AT&T, which has a market value of about 23 230bn, is expected to control most of the joint ventures. The market value of the discovery is বিল 24 billion.

Five years after agreeing to take charge of Time Warner, it was decided to integrate this and T’s content discovery with Discovery. .4 for 85.4bn Since the telecom company wanted to transform itself into the largest vertically integrated content and distribution company in the world.

In 2019, AT&T chief executive John Stankey and discovery chief David Jaslav discussed combining their programming into a single streaming service for 8 a month (excluding HBO). But when Disney revealed that it would offer its Star Wars, Pixar, Marvel and Disney Classics for just a 7 for Disney Plus, they scrapped the plan. Instead, Stankey combined HBO with the rest of WarnerMedia’s programming in a product called HBO Max.

Bloomberg first published news of a discussion between AT&T and Discovery. AT&T and Dec refused to invent

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