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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.

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