Discovery and AT&T have closed their transaction to combine the WarnerMedia business with Discovery. The new entity, Warner Bros Discovery, will begin trading on the Nasdaq with the start of trading on April 11th, under the new ticker symbol ‘WBD’. Warner Bros Discovery will create and distribute the world’s most differentiated and complete portfolio of […]

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 and Discovery have confirmed an agreement to combine WarnerMedia’s  entertainment, sports and news assets with Discovery’s nonfiction and international entertainment and sports businesses to create a standalone global streaming entertainment company. Under the deal AT&T will receive $43 billion [€35.45bn] (subject to adjustment) in a combination of cash, debt securities, and will own 71 […]

HBO Max, AT&T’s SVoD platform, pulled in 4.1 million subscribers in its first month, following its May 27th launch in the US. For comparison, Disney+ attracted 10 million subscribers in just one day upon its launch – but HBO Max would seem to be targeting a different market with its $14.99 per month subscription cost […]