Discovery acquired WarnerMedia for $ 43 billion

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Discovery’s cable network has bought WarnerMedia from the AT&T conglomerate. It includes the Warner Bros. studio. (“Harry Potter”) and HBO (“Game of Thrones”). The deal amounted to $ 43 billion.

After the merger, the company changed its name to Warner Bros. Discovery. It was headed by former Discovery CEO David Zaslav. He noted that he will not compete with other streaming services and intends to launch new projects with caution.

WarnerMedia also owned DC Films (Batman) and New Line Cinema (Lord of the Rings), HBO Max (Upcoming Dragon House), CNN, Cartoon Network / Adult Swim (Rick and Morty). , partly CW (“Riverdale”) and so on.

Experts predict further major mergers in the market in order to compete in the market, including the amount of content offered.

Source: Variety

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