AT&T’s WarnerMedia will merge with Discovery. Is a great re-bundling at hand?
LA TimesWith the merger of WarnerMedia and Discovery, many expect HBO Max and Discovery+ to combine into a super-service. And now that most major media companies have launched their own over-the-top apps, the industry is reckoning with the realities that: 1) using entertainment content to sell mobile phones may not make sense, 2) competing with Netflix and Disney is extremely expensive, and 3) consumers don’t need or want to pay for dozens of streaming services. “For the consumer, it’s so hard to find things,” said Chief Executive Lauren DeVillier, a former Discovery Ventures and Disney/ABC TV Group executive. With Netflix also reporting “disappointing” subscriber adds in its most recent quarter, it’s not unreasonable to ask whether there’s a broader slowdown in streaming growth happening after COVID-19 supercharged viewership trends. Its best recurring feature is its face-melting collaborative bedroom covers of songs including “Reelin’ in the Years” and “Dead Man’s Party,” featuring members of various rock groups.
History of this topic
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Discovery, AT&T’s WarnerMedia announce they'll merge media businesses to create standalone company in landmark deal
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Oprah and CNN: AT&T is merging media business with Discovery
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