How WarnerMedia and Discovery plan to forge a media behemoth
18 May, 2021 11:16 PM
8 minutes to read
AT&T-owned WarnerMedia and Discovery hope to rival Netflix and Disney for eyeballs in the streaming market. Photo / AP
AT&T-owned WarnerMedia and Discovery hope to rival Netflix and Disney for eyeballs in the streaming market. Photo / AP
Financial Times
By: Anna Nicolaou, Alex Barker and James Fontanella-Khan
Lockdowns spurred many Americans to invest in home renovation projects or new hobbies. For David Zaslav, late-pandemic boredom spawned another idea: buying a US$100 billion ($138b) company.
In February, the Discovery chief executive had arranged
to play golf with AT&T chief John Stankey at the Pebble Beach Pro-Am tournament in California. But a Covid-19 surge wrecked the plan and Zaslav, "feeling bummed", sent Stankey an email instead: "Give me a buzz: I got an idea."