Discovery has announced that the Company’s stockholders have approved various matters relating to the acquisition of WarnerMedia from AT&T to create Warner Bros Discovery. The transaction will bring together WarnerMedia’s entertainment, sports and news assets with Discovery’s non-fiction and international entertainment and sports businesses. At a Special Meeting of Discovery Stockholders, based on estimated preliminary […]
LTN Global, a specialist in transformative media technology and video transport solutions, has appointed Catherine Gonzalez Pack as Senior Vice President of Operations. Gonzalez Pack brings more than 20 years of broadcast operations experience to LTN. In her previous roles at DirecTV and AT&T, she successfully led sports and special events operations, driving excellence and […]
Discovery has reported financial results for the quarter and year ended December 31st 2021. David Zaslav, President and Chief Executive Officer of Discovery, said: “2021 was by all measures an exceptional year for our company, in which we achieved significant operational, financial, and strategic objectives. We grew our global DTC paying subscribers to 22 million, […]
Discovery’s proposed acquisition of TV and film studio WarnerMedia has passed the US Department of Justice’s antitrust review, clearing another hurdle toward closing. The $43 billion (€37.59bn) deal, which was first announced in May 2021, received unconditional antitrust clearance from the European Commission in December. WarnerMedia parent AT&T Corp has also received a letter from […]
US multiplay telco AT&T has confirmed that its board of directors has determined to spin off AT&T’s interest in WarnerMedia in connection with the previously-announced transaction with Discovery. The transaction, which will spin off 100 per cent of AT&T’s interest in WarnerMedia to AT&T’s existing shareholders in a pro rata distribution, followed by the merger […]
AT&T has reported its Q4 and full-year financials revealing that its WarnerMedia entertainment unit added a combined 13.1 million subscribers across HBO and HBO Max in 2021. But it was at a cost, record subscribers meant record revenue but also record spending on content and marketing, meaning earnings were lower. “We surpassed our high-end guidance […]
WWE has announced that the entertainment company will return to present its Elimination Chamber event in Jeddah, Saudi Arabia. The General Entertainment Authority, in cooperation with WWE, has announced that Elimination Chamberwill be held at the Jeddah Superdome, the world’s largest pillarless Superdome, on Saturday, February 19th. More details of the event will be announced […]
AT&T’s DirecTV and Charlie Ergen’s DISH Network have reportedly resumed talks regarding merging their DTH operations – and a deal could be close. The New York Post says it has learned that discussions are again taking place despite past anti-trust concerns that such discussions would never pass muster with the competition authorities. The Post says […]
AT&T’s WarnerMedia and ViacomCBS are exploring the potential sale of a significant stake (or all) of The CW Network, which they jointly own, according to reports. Nexstar Media Group, America’s largest local television and media company, is among the lead suitors. The report said an agreement could be reached soon, though the talks are tentative […]
AT&T exceeded its target for HBO and HBO Max subscribers in 2021. It reached 73.8 million subscribers worldwide at year-end, compared to earlier guidance to reach the high end of its targeted range of 70-73 million subscribers. Along with other Time Warner assets, HBO will soon be spun out of AT&T into the new Discovery […]