It was recently revealed that AT&T would be merging its WarnerMedia business with Discovery, which will have major ramifications not only for the two companies, but for the entertainment industry as a whole. One of the several entities impacted by the merger will be Warner Bros. Interactive, the company’s gaming division. Though it’s still not clear how the chips will fall, new reports state that Warner Bros. Games will be split up following the merger with some staying at AT&T and others going to the new company.
As initially reported by IGN, WarnerMedia and Discovery’s $43 billion merger will result in a breakup of Warner Bros. Interactive. The company told IGN that a portion of Warner Bros. Interactive Entertainment will be sold off, though the company will retain some. It wasn’t shared what specific studios will be sold, and which ones will be staying put.
Warner Bros Games fate is unknown after Discovery/WarnerMedia merger
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Warner Bros Interactive Will be Broken Up in AT&T WarnerMedia Sale
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AT&T has penned a deal with Discovery to spin-off Warner Bros. Interactive Entertainment (WBIE) parent WarnerMedia and Discovery itself into a new standalone company.
The terms of the agreement will see AT&T receive $43 billion and enable the creation of one of the largest global streaming players by leveraging WarnerMedia s premium entertainment, sports and news assets.
According to a press release, the new company will be led by Discovery president and CEO David Zaslav and will bring together the strongest leadership teams, content creators, and high-quality series and film libraries in the media business. The new company will compete globally in the fast-growing direct-to-consumer business bringing compelling content to subscribers across its portfolio, including HBO Max and the recently launched Discovery+, reads the announcement.
AT&T s $43 Billion Deal Will Impact Harry Potter, Mortal Kombat, Batman Game Studios
The blockbuster deal will see some studios stay with AT&T and others go with the newly formed company, but specifics are unknown.
AT&T s $43 billion deal with Discovery sees the telecom giant unload its content divisions, including HBO Max s WarnerMedia to create a new standalone company, but what s going to happen with the video game division, Warner Bros. Interactive Entertainment?
We still don t have all the answers, but a spokesperson told Axios writer Sara Fischer that some of the gaming arm will stay with AT&T and some will go with the new company.