BT And Warner Bros Discovery UK Sports Joint Venture Approved; Netflix Korean Drama; Amazon Mockumentary Deal (Exclusive); VFX Group Launch; ‘Estonia’ Deal — Global Briefs
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deadline.comBT And Warner Bros Discovery UK Sports Joint Venture ApprovedBritain’s Competition and Markets Authority (CMA) has given approval for BT Group and Warner Bros.
Discovery to form a 50-50 sports joint venture for the UK & Ireland. Both companies sports assets will now combine over coming weeks.
BT Sport and WBD’s Eurosport will initially retain their brand propositions before uniting under a single brand name in the future.
BT’s Consumer division CEO Marc Allera, who has been named Chairman of the JV, said the approval marked a “milestone.” The chair will rotate between the two shareholders, with management of the JV going to board member Andrew Georgiou, President and Managing Director, Warner Bros.
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