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With WarnerMedia Merger Done, Discovery CEO Plots Changes
- Discovery+, HBO Max streaming services to be marketed together
- One big job left: Deciding who’ll run the sports division
Discovery Inc.’s merger with WarnerMedia was completed Friday, setting off a series of strategic moves that will reverberate through Hollywood in the form of job losses, marketing budgets and competitive threats.
The merger with AT&T Inc.’s media division gives Discovery Chief Executive Officer David Zaslav control of a huge portfolio of assets, including the cable channels HBO, CNN and TBS, as well as the Warner Bros. film and TV studio. Combined, the new Warner Bros. Discovery Inc. will have projected revenue of $54 billion next year. Here are some of the decisions investors will likely hear about in coming weeks.