[Discovery's merger with WarnerMedia
took effect on Friday afternoon,
creating a streaming media giant
led by CEO David Zaslav.
The deal combines two treasure troves
of content and foreshadows further c
hanges in the streaming era.
The newly formed company,
Warner Bros. Discovery,
will begin publicly trading on Monday]
[The deal, first announced last May,
is a climactic moment for Zaslav
and his longtime deputies at Discovery,
best known for brands like Animal Planet,
TLC and HGTV.
The merger adds HBO, CNN, TNT, Turner Sports,
the Warner Bros.
movie studio, and a huge raft
of other media assets to the company.
Setting the stage to compete with
the likes of Disney and Netflix,
Zaslav said in Friday's memo that
"we are well positioned to become
a top-tier streaming competitor."]
[
He confirmed that the main
streaming services from each side
of the company,
HBO Max and discovery+, will be brought
"into a single product in the future."]
https://edition.cnn.com/2022/04/08/m...ose/index.html
https://en.wikipedia.org/wiki/David_Zaslav
The new CEO David Zaslav
https://variety.com/2022/tv/news/dav...rette-12352272