0
General

AT&T to spin off WarnerMedia in merger with Discovery

Monday 17 May 2021 | 14:09 CET | News
AT&T has announced a deal to combine WarnerMedia's entertainment, sports and news assets with Discovery's non-fiction and international entertainment and sports businesses. The new company will be spun off as a separate entity, with AT&T shareholders receiving 71 percent of the shares and Discovery shareholders 29 percent. AT&T will receive USD 43 billion worth of cash, debt securities and WarnerMedia's retention of certain debt, freeing up cash to invest in its 5G and fixed broadband services.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: AT&T / Discovery / Eurosport / HBO / TNT / Warner Bros / WarnerMedia
Countries: World
::: add a comment
This article is part of dossier

5G


Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

WarnerMedia, Discovery to call new company Warner Bros. Discovery

Published 02 Jun 2021 09:51 CET | World
The new company formed from the merger of AT&T's WarnerMedia and Discovery will be called Warner Bros. Discovery. Discovery said ...

HBO Max secures Champions League rights in Mexico

Published 28 May 2021 11:45 CET | Mexico
After announcing a 29 June launch date for HBO Max in Mexico, owner WarnerMedia confirmed that the streaming platform will be the ...

WarnerMedia confirms HBO Max LatAm launch on 29 June

Published 27 May 2021 13:39 CET | Latin America
WarnerMedia has confirmed that its streaming platform HBO Max will officially launch across a total of 39 Latin American and ...

AT&T to have USD 43 billion available for debt reduction after WarnerMedia deal with Discovery

Published 25 May 2021 11:41 CET | World
AT&T CEO John Stankey said the WarnerMedia deal with Discovery will provide the carrier with around USD 43 billion for debt ...

Disney to close Fox channel in UK with content moving to Disney+

Published 20 May 2021 14:38 CET | United Kingdom
The Fox channel will stop broadcasting on Sky and Virgin Media in the UK on 30 June, with many shows moving to the Star channel ...

AT&T launches unified cyber-security platform for US govt sector

Published 20 May 2021 14:31 CET | United States
AT&T launched a unified cyber-security platform designed to meet the security needs of federal, state and local government ...

HBO Max confirms USD 10 ad-supported tier, international expansion from June

Published 20 May 2021 12:21 CET | United States
HBO Max has confirmed its new ad-supported subscription tier will launch in the first week of June, at USD 9.99 per month. Parent ...

Media sector consolidation driven by fragmentation and fight for consumer's favour

Published 18 May 2021 17:26 CET | World
A big wave of consolidation has started in the media sector. One can point to the threat from Netflix, Amazon and Disney+ as the ...

Amazon in talks to buy MGM for USD 9 billion - report

Published 18 May 2021 09:12 CET | World
Amazon is thinking of buying MGM, the Information reported, citing a source familiar with the situation. MGM is known for its ...

AT&T stoot WarnerMedia af naar nieuw bedrijf samen met Discovery

Published 17 May 2021 15:14 CET | World
AT&T heeft een deal aangekondigd om de entertainment-, sport- en nieuwsactiva van WarnerMedia te combineren met de non-fictie- en ...

AT&T to merge media operations with Discovery - report

Published 17 May 2021 09:35 CET | World
AT&T could merge its media business, bought less than three years ago for USD 85 billion, with Discovery, in a deal that could be ...

Discovery passes 15 mln streaming subscribers

Published 28 Apr 2021 14:41 CET | World
Discovery said it's passed 15 million subscribers for its direct-to-consumer streaming services, driven by the launch of its new ...

AT&T grows revenues nearly 3% in Q1 on recovery in handset sales, media business

Published 22 Apr 2021 13:23 CET | United States
AT&T returned to revenue growth in the first quarter, with sales up 2.7 percent year-on-year to USD 43.9 billion. The growth was ...

AT&T to roll out new 5G spectrum this year, ups guidance for HBO Max subscriber numbers

Published 12 Mar 2021 16:11 CET | United States
AT&T has provided a comprehensive vision for its operations going forward, saying it will focus on deploying 5G and fibre, and ...

AT&T spins off pay-TV business in joint venture with TPG

Published 26 Feb 2021 09:33 CET | United States
AT&T has agreed to create a new company for its US video business unit, namely DirecTV, AT&T TV and U-verse video services, ...

Discovery+ ends 2020 with over 11 million subscribers

Published 22 Feb 2021 15:38 CET | World
Discovery said it finished the year with over 11 million total paying direct-to-consumer subscribers wordwide for its its ...

Discovery+ streaming service to launch in Europe with Vodafone distribution deal

Published 05 Jan 2021 10:56 CET | Europe
Vodafone and Discovery have signed a new multi-year, multi-platform agreement giving Vodafone customers in 12 European markets ...

Warner Bros to release all cinema titles simultaneously on HBO Max in 2021

Published 04 Dec 2020 09:44 CET | United States
Warner Bros has followed the recent news that its film 'Wonder Woman 1984' will be released simultaneously on AT&T's streaming ...

Discovery+ to make US debut on 4 Jan, with more launches planned in 25 countries next year

Published 03 Dec 2020 10:05 CET | United States
Discovery said its Discovery+ streaming services, which made its debut in the UK and Ireland last month, will launch in the US on ...

AT&T CFO to retire in March

Published 18 Nov 2020 09:46 CET | United States
AT&T CFO John Stephens has announced his retirement in March 2021, following 28 years of service at the company. Stephens will be ...

AT&T's WarnerMedia announces layoffs in bid to rationalise operations, focus more on HBO Max

Published 12 Nov 2020 16:40 CET | United States
WarnerMedia CEO Jason Kilar has sent out a company-wide memo, saying the company will be rationalizing its operations and ...

Discovery partners Megogo to bring streaming service to Eastern Europe, Central Asia

Published 11 Nov 2020 12:26 CET | Asia
Discovery and Ukrainian OTT video service Megogo have announced a strategic partnership in 13 markets in Eastern Europe and ...

Discovery rebrands Dplay as Discovery+ in UK, adds subscription service

Published 20 Oct 2020 14:15 CET | United Kingdom
Discovery is rebranding its VoD platform Dplay as Discovery+ in the UK and Ireland from next month, while launching a ...