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AT&T's WarnerMedia & Discovery merger streaming consolidation
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Discovery today announced the new name of the proposed standalone global entertainment company that will emerge from the combination of WarnerMedia and Discovery assets: “Warner Bros. Discovery.”

 

“The Warner Bros. Discovery name will honor, celebrate and elevate the world’s most-storied creative studio in the world with the high quality, global nonfiction storytelling heritage of Discovery,” the company said.

 

David Zaslav, CEO of Discovery and future chief executive of the proposed Warner Bros. Discovery combined company, unveiled the new name to WarnerMedia employees from the Warner Bros. studio lot in Burbank.

 

“Warner Bros. Discovery will aspire to be the most innovative, exciting and fun place to tell stories in the world – that is what the company will be about. We love the new company’s name because it represents the combination of Warner Bros.’ fabled hundred year legacy of creative, authentic storytelling and taking bold risks to bring the most amazing stories to life, with Discovery’s global brand that has always stood brightly for integrity, innovation and inspiration,” he said.

 

“There are so many wonderful, creative and journalistic cultures that will make up the Warner Bros. Discovery family. We believe it will be the best and most exciting place in the world to tell big, important and impactful stories across any genre – and across any platform: film, television and streaming.”

 

The initial wordmark for the proposed company includes the iconic line from the Maltese Falcon, “the stuff that dreams are made of,” an additional homage to the rich legacy of Warner Bros. and the focus of what the proposed company will be about.

Time will tell on "the stuff that dreams are made of"

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40 minutes ago, D84 said:

This is their logo?

npK2SuhAGYWyGFEyw58S7E-1280-80.thumb.jpg.55ba7ebafc028cf9a1481261bffd511b.jpg

Please. You're killing me.

Yes, this is what they thought should be taken out of 1990's mothballs to wow everyone.

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Could a Netflix board seat be in WarnerMedia chief Jason Kilar’s future?

 

Reed Hastings, Netflix’s co-founder, chairman and co-CEO, posted a public appeal to Kilar to join the streaming giant’s board of directors on Thursday.

 

Kilar, who joined WarnerMedia in May 2020, is widely believed to be looking to leave the company following AT&T’s spinoff of the media conglomerate — to merge with Discovery. Under the deal, current Discovery chief David Zaslav will helm the newly formed Warner Bros. Discovery. Kilar last month told WarnerMedia employees he expects to stay on into 2022, signaling he plans to exit when the merger closes (expected in mid-2022).

 

A rep for WarnerMedia did not immediately respond to a request for comment.

 

Hastings tweeted his call to Kilar as part of citing new Nielsen data showing that the majority of time spent viewing TV in the U.S. is on linear networks, not streaming platforms.

 

 

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Discovery CEO David Zaslav will move to Los Angeles to run the new content giant to be created by the merger with AT&T’s WarnerMedia, which is expected to close by mid-2022, the executive said on Wednesday.

 

“I am moving to California,” specifically L.A., with an office on the studio lot, because “that is where the content is made, this is a content company,” the man who will also be CEO of the combined Warner Bros. Discovery told the Paley Center’s Paley International Council Summit in a session that was webcast. “I’m going to be very hands-on.” And he added: “The better our content is, the better chance we have of being the leading media company in the world.”

 

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As silly as the brand name announcement was, this to me shows a very mature leader taking in loads of informed inputs to drive his strategy.

This merger may be the juice WarnerMedia needed to be a much better place.

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The U.S. Justice Department on Wednesday approved AT&T's plan to merge its WarnerMedia unit, including CNN, with Discovery.

 

AT&T and Discovery first announced the deal last May, and received European Commission approval in December. It's expected to close in the second quarter, so long as it receives approval from Discovery shareholders (which is expected).

 

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Discovery has set March 11 as the date of a special shareholder meeting to hold a vote on the company’s proposed merger with AT&T’s WarnerMedia.

 

It will be held online via webcast, not in-person “for the health and well-being of our stockholders, employees and directors,” the company said in an SEC filing Thursday. There’s not much doubt about the deal being approved as Discovery’s biggest shareholders John Malone and Advance/Newhouse have both given their blessing.

 

The $43-billion combination was announced in May and things have started to speed up. It got a green light from the U.S. Department of Justice earlier this week, which was key. AT&T shareholders don’t need to vote.

 

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On 2/13/2022 at 7:14 AM, kagenish said:

it sounds like his going to be WB hero like Bob Iger was for Disney.

Lord, I hope so.

I had high hopes for Anne Sarnoff when she came over from BBC. But it sounds like she just blended in with the WB exec uglies quite nicely.

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Did this include Warner Games and subsidiaries? I thought it didn't, but now I'm confused. 

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