https://www.vox.com/platform/amp/rec...netflix-merger
This comes after they've already sold off a few other subsidiaries to try and reduce their debt.
https://www.vox.com/platform/amp/rec...netflix-merger
This comes after they've already sold off a few other subsidiaries to try and reduce their debt.
I wonder how this will effect HBOMax, since Discovery has their own streaming service.
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WB video game division is getting split because of this deal.
https://mobile.twitter.com/stephento...28369601384450
It’s crazy how quickly the AT&T-Warner deal is being unwound. I mean, this was $100 billion in borrowed cash, and now they’re just... ending it? What. The. Heck? Crazy.
Is Discovery+ really a good fit? Which is worth more on paper? Discovery+ or the Warner properties excluding AT&T’s phone businesses?
Poor DC. Being a small subsidiary, you know this is just going to be more crazy for DC.
Last edited by Brian B; 05-17-2021 at 10:56 AM.
That's the thing about mergers, a lot of things need to fall into place to make them work.
The state of the books need to be reasonable, plans put in place for non-performing assets, corporate culture synergization etc.
A number of mergers tend to get unwound like this...particularly when the bigger partner in the merger doesn't have any exit or work out strategy for said non-performing assets/subsidiaries.
Lol I bought "T" stock just because I was happy with DC/HBO Max (and they have a good safe dividend).
But they seemed to realize it wasn't a good fit and they were screwing it up more than anything.
This was done to create a streaming giant to complete with Disney+, Netflix, Amazon Prime and Apple. 77% of the new company will still be own by AT&T shareholders.
I wonder what will happen with Directv?
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As in the DC thread, there seems to be the misconception that Discovery is acquiring/buying WarnerMedia (and therefore, DC). This is not the case. The assets of WarnerMedia and Discovery, Inc. are being merged and this new, combined company will be spun off from AT&T.
However, it is true that the new company will be run by a head honcho from Discovery. That seems to be good news among those in the know as the Discovery guy is more respected in Hollywood than Jason Kilar, the guy who was running WarnerMedia and who pushed through the day-and-date release of movies to both theaters and HBO Max.
Here's some info on CORPORATE SPINOFFS (a type of Divestiture) from Investopedia:
https://www.investopedia.com/terms/s/spinoff.asp
Originally Posted by Investopedia
Last edited by Comic-Reader Lad; 05-17-2021 at 07:31 PM.
AT&T shareholders will still own more than 2/3 of the new company.
Does this mean AT&T is still the parent company?
Corporate mergers are bad - but this strikes me as better than the alternative. AT&T has been a terrible fit: these phone company folks don't seem to know squat about making movies and TV shows. So many talented people fired, so many great projects shut down or let to rot because AT&T didn't care about things that worked/had a legacy/had a devoted fanbase - because they were convinced they could pull something more profitable out of their butts later!
At least Discovery is showbiz people.