a news selecttechTV
WarnerMedia and Discovery announce merger
Over 200,000 hours of programming from HBO, CNN, Warner Bros. and even DC Comics, for fans of superheroes.
The deal was dubbed a way to create a new global entertainment leader and will be chaired by Discovery’s chief executive, David Zaslav.
According to the information released, the transaction has been approved by both parties and AT&T will receive $ 43 billion through a combination of cash, debt securities and part of the debt from WarnerMedia.
The first projections of this merger, for 2023, foresee US $ 52 billion and revenues of US $ 14 billion, the result of synergies to increase content production and digital innovation.
