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.
Correcting part of this tweet:— julia alexander (@loudmouthjulia) May 17, 2021
1) The sale includes some of Warner Bros. Interactive/Warner Bros. Games, but not all.
2) The sale does include DC Comics. Discovery, through the new venture, now effectively co-owns DC Comics with WB.
3) Rooster Teeth is part of the sale, yes.
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, GamesIndustry.biz