AT&T Sells HBO Max Parent Company WarnerMedia in $43 Billion Deal, Will Merge with Discovery, Inc.

The FPS Review may receive a commission if you purchase something after clicking a link in this article.

Image: AT&T

AT&T purchased WarnerMedia in 2018 for $85.4 billion to fuel its ambition of becoming a leading media giant. Now, just three years later, the telecommunications conglomerate has ditched those plans by selling HBO Max’s parent company in a deal worth $43 billion to Discovery, Inc. WarnerMedia and Discovery will combine to form a new, standalone company to better compete with streaming rivals such as Netflix and Disney+. The deal reportedly includes some parts of Warner Bros. Interactive Entertainment.

If someone has an HBO Max account, will they get Discovery+ for a discounted fee? Will Discovery+ and HBO Max exist as part of a bundle? Is there a world in which someone can jump from watching Ben 10 to Guy Fieri, or from Game of Thrones to 90 Day Fiance without ever leaving one app? We don’t know yet. There’s still so much we don’t know, and very little we do know.

Sources: AT&T, IGN,

Tsing Mui
News poster at The FPS Review.

Recent News