The merger deal between WarnerMedia, which owns CNN and HBO, and Discovery, will create a “giant” that can compete with Netflix and Disney+ in the field of live streaming.
Illustration. (Source: CNET) WarnerMedia, the company that owns the news channel CNN and TV channel HBO and Discovery media company revealed the company name after the merger will be Warner Bros . Discovery . During a chat hosted by WarnerMedia CEO Jason Kilar on June 1, Discovery CEO David Zaslav announced the company name following the merger of Warner Bros. Discovery for WarnerMedia employees. Last month, US telecommunications giant AT&T announced the merger between WarnerMedia and Discovery Media. It is expected that, once established, the new company will be owned by AT&T (with a market value of $230 billion) and Discovery (with a market value of $24 billion). The deal could create a “giant” that can compete with Netflix and Disney+ in the field of live streaming, two companies that have seen the number of account subscribers skyrocket during the pandemic. broadcast. WarnerMedia has net sales of $30.4 billion in 2020, and Discovery, which now owns Eurospor, posted $10.7 billion in net sales in the same period.
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