#DISCOVERY INC FULL#

It will include some 200,000 hours of iconic programming with more than 100 of the вЂњmost cherished, popular and trusted brands in the world.вЂќ These include HBO, Warner Bros., Discovery, DC Comics, CNN, Cartoon Network, HGTV, Food Network, the Turner Networks, TNT, TBS, Eurosport, Magnolia, TLC and Animal Planet. They said they will be announcing a new name in due course, too.ДЄt a time when streaming is the name of the game in media - this is where consumers are watching, and they are watching in more ways than ever before such as phones and tablets, and that means not just classic media companies, but also a wide range of technology companies are also investing big here - this is creating nothing short of a content colossus. In a press conference, executives from both firms said they expect the deal to be completed by mid-2022. Zaslav said in a press conference with Stankey that the deal was hammered out in secret in вЂњmy Greenwich Village townhouse.вЂќ The deal confirms rumors over the weekend, and it comes weeks after Verizon Communications announced that it would be selling off its own non-telecoms interests, Verizon Media, in a deal with Apollo Management in a $5 billion deal. He is currently the CEO of Warner Media, AT&T CEO John Stankey confirmed in a press conference today.

ItвЂ™s not clear what role Jason Kilar, the CEO of WarnerMedia currently, will have, but his name is not mentioned in the press release. The deal will see AT&T shareholders receive stock representing 71% of the new company, while Discovery shareholders will have 21%, the companies said in an announcement.Дiscovery President and CEO David Zaslav will lead the new, combined company.

The deal is being structured as a вЂњReverse Morris TrustвЂќ transaction that will give AT&T $43 billion in a combination of cash, debt securities and WarnerMediaвЂ™s retention of certain debt.

Today AT&T said that it is combining its WarnerMedia division with Discovery Inc.

#DISCOVERY INC FULL#

is making a big move away from being a full player in media services, and specifically content creation.

Discovery inc