• The deal will merge WarnerMedia and Discovery.
• The new company will be publicly traded and co-owned by AT&T and Discovery shareholders.

The idea is to combine Discovery’s reality-TV empire with AT&T’s vast media holdings, building a business that would be a formidable competitor to Netflix Inc. and Walt Disney Co. Any deal would mark a major shift in AT&T’s strategy after years of working to assemble telecommunications and media assets under one roof. AT&T gained some of the biggest brands in entertainment through its acquisition of Time Warner Inc., which was completed in 2018.

—

The deal would underscore the difficulty telecom companies like AT&T and Verizon Communications Inc. have had finding a payoff from their media operations. Through its WarnerMedia unit, AT&T owns CNN, HBO, Cartoon Network, TBS, TNT and the Warner Bros. studio. Discovery, backed by cable mogul John Malone, controls networks such as HGTV, Food Network, TLC and Animal Planet.

—

Chief Executive Officer David Zaslav has helped Discovery grow through acquisitions, including a purchase of HGTV owner Scripps Networks Interactive Inc. that closed in 2018. Discovery’s class A shares have risen more than 18% this year, valuing the company at almost $24 billion. AT&T has gained 12%, giving it a market capitalization of $230 billion.

—

The companies are still negotiating the structure of a transaction, and details could change or the talks could fall apart, the people said. Representatives for AT&T and Discovery declined to comment.

so discovery+ or whatever might get combined into hbo max now or what

In for more content on HBO Max

AT&T to Warner workers who tired of the mergers and increasing debt

Could see a bundle type deal like Disney+ and Hulu

Nolan was right

He been right

And it’s so apparent how s*** so many streaming era movies look. The fact they’re all forced to adhere to a certain aesthetic has ruined a lot of things.

It’s telling that A Quiet Place pt 2 looks so much more distinct and like an actual movie unlike Godzilla Vs Kong or even Roma which just look like any other movie from their platforms

Roma was bought by Netflix, wasn't made for streaming in mind

Godzilla vs Kong wasn't made for streaming nor was Roma

I've never seen Reformed right about anything involving film which is impressive he might be the Uwe Boll of TV & Film

Don’t matter, just by being on the platform, you can tell it was touched up in post to adhere to their platform

All these movies got the same aesthetic

Even the Irishman, as much as I loved it, looked more like a TV show than a Scorsese movie, due to how smoothed out it’s frames looked

You talk about streaming services how Alex Jones talk about everything

And you gas up the most neoliberal lame ass s*** that’s out there

Enjoy your tv movies

Like what?

"They making the movies GAY"

Fix your TV settings lmao

Like whatever neoliberal critics would gas up. You prob cape for the MCU and mandalorian and all dat mid

Bro just hopped off his Rosebud account to make an alt called Reformed yet still share the same ASS ass takes

I saw the Irishman in theaters lmao

It’s not my tv settings

Why specifically neoliberals? What type of films do they hate?

LMAO

They would hate anything that breaks away from the mold of fascistic storytelling presented in the MCU or doesn’t heavyhandedly preach a Democrat funded social justice message in their movie

What is fascist about Marvel stuff? And what is a Democrat social justice message?.

@mjpplus sorry for the derail but I'm fascinated

In captain marvel when she convinces her friend to fight a war with her as a former Air Force pilot and her daughter tells her she would be setting an example for her by fighting for something and neglecting her parental duties, that is as fascistic as you get

And a democratic funded social justice message is to focus on police brutality by presenting all cops as racist yet refusing to discuss how the history of government/neoliberal journalism in media and woke politics has all contributed towards this system and most art will not do that because it contradicts the neoliberal message being pushed. It's telling too when you used to have white directors tell stories about black struggle and though they now have black filmmakers doing them, the producers are almost always white liberals and it just shows the classic neoliberal strategy which is to pretend theres change but the same corrupt system is behind it