The world of entertainment and streaming has a new player: Discovery of Warner Bros. In fact, it will debut on the Nasdaq (acronym Wbd) on Monday, April 11, after closing a deal worth over $40 billion. This was announced today, Saturday April 9, by Discovery itself.
Closing of the transaction
Accordingly, Discovery, Inc. and AT&T Inc. (Nyse:T) announced the closing of the transaction to combine the businesses of WarnerMedia with Discovery. The new company is called Warner Bros. Discovery, Inc. and, as mentioned, will debut at Nasdaq Monday April 11 under the new “Wbd” icon. Warner Bros. Discovery will create and distribute the most comprehensive portfolio of entertainment content and brands in the world.
The offers of the region
The new company combines WarnerMedia’s world-class entertainment, sports and news offerings with Discovery’s leading international entertainment and sports offerings, 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 around the world. With all of our assets and our diverse business model, Warner Bros. Discovery offers the most comprehensive portfolio of content, movie, TV and streaming brands in the world.
“He stands up – John announced Staney, CEO of At&T – of a new era for connectivity and AT&T. With the closing of this transaction, we expect to invest at record levels in our growth areas of 5G and fiber where we have strong momentum as we strive to become the leading broadband provider in the United States. United. At WarnerMedia, Discovery inherits an innovative and talented team and a dynamic, growing global business well positioned to lead the ongoing transformation in media and entertainment, direct selling and technology.
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