The world of entertainment and streaming will have a new actor: Warner Bros. Discovery it will make its debut at Nasdaq (with the acronym Wbd) on Monday 11 April after the closing of a deal worth over 40 billion dollars. This is what was communicated today, Saturday 9 April, by Discovery itself.
The conclusion of the deal
Discovery, Inc. and AT&T Inc. (Nyse: T) have therefore announced the closing of the transaction to combine the WarnerMedia business with Discovery. The new company is named Warner Bros. Discovery, Inc. and, as mentioned, will debut at Nasdaq Monday 11 April under the new “Wbd” symbol. Warner Bros. Discovery will create and distribute the most comprehensive portfolio of entertainment content and brands in the world.
The offers in the field
The new company combines WarnerMedia’s premium entertainment, sports and news offering with Discovery’s leading international entertainment and sports properties, including Discovery Channel, discovery +, Warner Bros. Entertainment, Cnn, Cnn +, Dc, Eurosport, Hbo , Hbo Max, Hgtv, Food Network, Investigation Discovery, Tlc, Tnt, Tbs, truTV, Travel Channel, MotorTrend, Animal Planet, Science Channel, New Line Cinema, Cartoon Network, Adult Swim, Turner Classic Movies and many more. David Zaslav, CEO of Warner Bros.
A diversified portfolio
«Today’s announcement – said David Zaslav, CEO of Warner Bros. Discovery – represents a milestone not only for Warner Bros. Discovery but for all of our shareholders, distributors, advertisers, creative partners, and most importantly, consumers globally. Thanks to all of our assets and diversified business model, Warner Bros. Discovery offers the most complete portfolio of content, film, television and streaming brands in the world ».
«It’s dawn – John announced Stankey, CEO At & T – of a new era for connectivity and AT&T. With this transaction closed, we expect to invest at record levels in our 5G and fiber growth areas, where we have strong momentum, as we work to become America’s leading broadband player. At WarnerMedia, Discovery inherits an innovative and talented team and a dynamic, growing and global company that is well positioned to lead the transformation that is taking place in media and entertainment, direct-to-consumer distribution and technology. “
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