I suppose now we know why AT&T didn't sell WB Interactive Entertainment division for four billion late last year, a bigger adjustment was the conclusion. AT&T is getting out of the content creation business and creating a new entertainment division in conjunction with Discovery. The 11 or so video game studios WBIE owns are being divided up. Some are staying AT&T (probably to be sold at a higher premium), while the others will go towards whatever the new business venture Warner and Discovery will be calling their platform.
I didn't even hear about the merger. Usually, mergers end up being a mess so I'm not excited to see how this will work. Hopefully it won't be another AOL Time Warner situation. I wonder if they'll keep Discovery+ and HBO Max separate streaming services though.
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Topic: Thoughts on the Warner + Discovery merger?
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