WarnerMedia And Discovery To Merge, Forming Media Giant

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The deal will create a streaming giant that could compete with Netflix and Disney+.

New Delhi:

US telecommunications giant AT&T announced Monday a merger between its WarnerMedia unit — which owns CNN and HBO — and Discovery media, creating a streaming giant that could compete with Netflix and Disney+.

The deal will “combine WarnerMedia’s premium entertainment, sports and news assets with Discovery’s leading nonfiction and international entertainment and sports businesses to create a premier, standalone global entertainment company,” a statement from the companies said.

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)



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