Brian Steinberg Senior TV EditorDiscovery’s CEO feels a combination of WarnerMedia and his company will create a new media company that is “uniquely competitive with Netflix and Disney,” and articulated the need to have a global footprint in the future in order to compete in the entertainment industry’s streaming wars.Discovery last week stuck a pact with AT&T to take over WarnerMedia operations in a deal that executives hope will pass regulatory muster by mid 2022.
WarnerMedia’s movie and TV studio and CNN cable-news network represent new opportunities for Discovery, which is slated to take over management of those operations as part of a new deal with AT&T that should be put into action next year, according to Discovery CEO David Zaslav..
Read more on variety.com