The deal will “combine WarnerMedia’s premium entertainment, sports and news assets with Discovery’s leading nonfiction and international entertainment and sports businesses.
The deal will create a streaming giant that could compete with Netflix and Disney+.
New Delhi:
US telecommunications giant AT&T announced Monday a merger between its WarnerMedia unit — which owns CNN and HBO — and Discovery media, creating a streaming giant that could compete with Netflix and Disney+.
The deal will “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,” a statement from the companies said.
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