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AT&T, owner of HBO and Warner Bros studios, and Discovery, home to lifestyle TV networks such as HGTV and TLC, said on Monday they will combine their content assets to create a standalone global entertainment and media business.
Discovery chief executive David Zaslav will lead the proposed new company, which will comprise one of Hollywood s most powerful studios, including the Harry Potter and Batman franchises, news network CNN, sports programming and Discovery s unscripted home, cooking and nature and science shows.
Shares in Discovery climbed about 16 per cent to $41.3 in premarket trade but fell 2 per cent afterward as investors digested that it would take time for Discovery to scale up in streaming, said Rich Greenfield, partner at LightShed Partners.
Travellers on the route – which attracted 15 to 20 flights a day each way before the pandemic – won t have to quarantine and there will be no restrictions on the purpose of travel.
However, if the seven-day moving average of the daily number of unlinked local Covid-19 cases is more than five for either Singapore or Hong Kong, the scheme will be suspended, Yau and Ong said. The relaunch . signifies that gradual resumption of cross-border travel is achievable through mutual collaborations among different places, said Yau.
For Hong Kong, which has banned non-residents from entering the country since March 2020, the deal with Singapore is its first bilateral resumption of travel ties with another city.