Discovery Communications

Warner Bros. Discovery, Inc. operates as a media and entertainment company. It creates and distributes a portfolio of content and brands across television, film, and streaming. Its brands and products include Discovery Channel, discovery+, CNN, CNN+, DC, Eurosport, HBO, HBO Max, HGTV, Food Network, Investigation Discovery, TLC, TNT, TBS, truTV, Travel Channel, MotorTrend, Animal Planet, Science Channel, Warner Bros. Pictures, New Line Cinema, Cartoon Network, Adult Swim, and Turner Classic Movies. The company is headquartered in New York, NY.

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Warner Bros. Discovery, Inc. is a premier global media and entertainment company, which engages in the provision of a differentiated portfolio of content, brands, and franchises across television, film, streaming, and gaming. It operates through the following segments: Studios, Networks, Direct-to-Consumer (DTC), and Corporate. The Studios segment includes producing and releasing feature films for initial exhibition in theaters, producing and initial licensing television programs to networks services as well as third parties, distributing films and television programs to various third party, internal television, and streaming services, distribution through the home entertainment market related consumer products, and themed experience licensing and interactive gaming. The Networks segment focuses on domestic and international television networks. The DTC segment is involved in premium pay-television and streaming services. The company was founded on June 17, 1985 and is headquartered in New York, NY.

Discovery

AT&T

US telecom giant AT&T on Monday announced it would merge its content unit WarnerMedia with media company Discovery, creating a new streaming giant that could go head-to-head with Netflix and Disney. In the press release, AT&T highlighted that the deal had "at least $3 billion in expected cost synergies annually." These "synergies," or cost reductions, would allow the newly formed company to invest in its content and scale its business, AT&T said.

The merger of WarnerMedia and Discovery has at least $3 billion in 'cost synergies,' a phrase that often means layoffs

The transaction is likely to enable AT&T (T) reduce its huge debt burden and focus on core businesses that require high investments for 5G deployment and expansion of fiber-optics footprint across the country.

AT&T (T) Mulls Media Assets Spin-Off With Discovery Deal

The proposed deal would put HBO Max and CNN in the same corporate lineup as Animal Planet and the Discovery Channel.

AT&T's WarnerMedia teams with Discovery in major media deal

In an hour-long press briefing, Discovery CEO David Zaslav and AT&T CEO John Stankey outlined plans for the companies' $43 billion merger. “We're going to be one company,” Zaslav said. “One company, one culture, one mission.” As to the timing of the deal, Stankey said he felt the entertainment portfolio had achieved “escape velocity” in...

David Zaslav And John Stankey Outline Plans For Merging Discovery And WarnerMedia, Addressing Future Of Jason Kilar, CNN, Streaming

Discovery shares jumped on Monday following the company's deal to acquire AT&T's media assets in an $43 billion transaction that would pull together more than 100 brands including HBO and Animal Planet.  Discovery will take hold of the assets as AT&T plans to spin off its WarnerMedia content unit, which includes HBO, CNN, and Warner Bros. AT&T acquired the media assets when in 2018 it bought Time Warner for $85 billion.

Discovery surges 10% after agreeing to acquire AT&T's media operations for $43 billion (DISCA, T)

The deal will create a new major player in the streaming industry to better compete with the likes of Netflix, Disney, Apple or Comcast.

AT&T to Merge Media Assets With Discovery

AT&T Inc. (NYSE: T) and Discovery, Inc. (NASDAQ: DISCA, DISCB, DISCK) have confirmed media reports that the companies will merge AT&T's WarnerMedia's assets with Discovery's platform for the creation of a standalone global entertainment company. Coming Soon: The merger is defined by the companies as an all-stock, Reverse Morris Trust transaction, with AT&T receiving $43 billion in a mix of cash, debt securities and WarnerMedia's retention of certain debt while the company's shareholders 71% of stock in the new company, which has not yet formally named.

AT&T And Discovery Confirm $43B Media Merger: What You Need To Know

The mega-deal will bring together entities like CNN, TBS, Warner Bros, Discovery Channel and streaming services HBO Max and Discovery+ under a single umbrella.

AT&T's WarnerMedia To Merge With Discovery In $43 Billion Deal

Another major telco in the US is making a big move away from being a full player in media services, and specifically content creation. Today AT&T said that it is combining its WarnerMedia division with Discovery Inc. The deal is being structured as a “Reverse Morris Trust” transaction that will give AT&T $43 billion in […]

AT&T confirms deal to combine its WarnerMedia subsidiary with Discovery Inc in ‘pure play' $43B deal

AT&T and WarnerMedia announced a definitive agreement to combine WarnerMedia's content offerings with Discovery. These are the details.

AT&T's WarnerMedia Combining With Discovery In $43 Billion Deal

The two companies are merging their media assets to form a streaming giant capable of taking on Netflix and Disney. AT&T and Discovery, Inc have announced that they are forming a new company to take on the likes of Disney and Netflix in the streaming service wars.

What's happening with AT&T and Discovery?

The streaming TV race is about to get even more competitive.

AT&T spins off WarnerMedia to combine it with Discovery in new standalone media company

AT&T will combine its massive media operations that include CNN HBO, TNT and TBS in a $43 billion deal with Discovery, the owner of lifestyle networks including the Food Network and HGTV.

AT&T signing $43B deal to combine media business with Discovery

AT&T will combine its massive media operations that include CNN HBO, TNT and TBS in a $43 billion deal with Discovery

AT&T Signs Deal To Combine Media Operations, Including CNN, With Discovery

AT&T Inc. plans to combine its WarnerMedia business with Discovery Communication Inc.'s entertainment business to create a standalone media company with greater scale in the streaming ecosystem.

AT&T to combine WarnerMedia business with Discovery in $43 billion deal

AT&T and Discovery Monday 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. Under the terms of the agreement, which is structured as an all-stock transaction, AT&T would receive $43 billion in a...

AT&T's WarnerMedia And Discovery To Merge, Create New Company Led By David Zaslav

AT&T Inc. has agreed to merge its WarnerMedia division with Discovery Communications Inc., creating a streaming giant behemoth to compete with Walt Disney Co.'s Disney+ and Netflix.

AT&T, Discovery agree to merger of CNN, other media assets

Discovery, Inc. (NASDAQ:DISCA) and AT&T Inc. (NYSE:T) shares are trading higher after the companies announced they're in talks to merge their media assets. AT&T owns CNN, HBO, Cartoon Network, TBS, TNT and the Warner Bros.

Why Are Discovery And AT&T Trading Higher Today?

AT&T's WarnerMedia, Discovery confirm $43 billion merger; Discovery stock up 17%

(Reuters) -AT&T Inc, the owner of HBO and Warner Bros studios, and cable and streaming network Discovery Inc, the owner of lifestyle TV networks such as HGTV and TLC, will combine their media assets, the U.S. telecoms giant said on Monday.

AT&T merging media assets with Discovery to create streaming powerhouse

AT&T, the world's largest telecoms company by revenues, and Discovery are close to completing a deal to merge the two entities with the union expected to be formally announced as early as this week.

AT&T And Discovery Close To Completing Landmark Deal

Companies with Shared Values, Complementary Assets, and Iconic Brands and Franchises, Will Offer the Most Differentiated Content Portfolio in the World WarnerMedia and Discovery, Inc. Form One of the Largest Global Streaming Players Discovery President & CEO David Zaslav to Lead New Company with Executives from Both Companies in Key Leadership Roles AT&T and Discovery Will Hold Joint Press Conference at 7:30am EDT and a Separate Call with Investors Will Begin at 8:30am EDT DALLAS and NEW YORK, May 17, 2021 /PRNewswire/ -- 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. Under the terms of the agreement, which is structured as an all-stock, Reverse Morris Trust transaction, AT&T would receive $43 billion (subject to adjustment) in a combination of cash, debt securities, and WarnerMedia's retention of certain debt, and AT&T's shareholders would receive stock representing 71% of the new company; Discovery shareholders would own 29% of the new company.

AT&T's WarnerMedia And Discovery, Inc. Creating Standalone Company By Combining Operations To Form New Global Leader In Entertainment

If approved by regulators, the deal effectively reverses AT&T's years-long plan to combine content and distribution in a vertically integrated company.

AT&T announces deal to merge WarnerMedia with Discovery

Deal would bring together Warner Bros film and TV, HBO TV series and Discovery's reality-TV shows

AT&T in talks to combine WarnerMedia with Discovery

The stock price of Discovery Communications (NASDAQ: DISCA) increased by over 12% pre-market. This is why it happened.

News for Discovery Communications Stock (DISCB)