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Streaming landscape shifts with $43B AT&T Discovery deal by Mae Anderson, The Associated Press Posted May 17, 2021 3:23 pm EDT Last Updated May 17, 2021 at 3:28 pm EDT NEW YORK (AP) AT&T said Monday it will combine its massive WarnerMedia media assets, which includes HBO and CNN, with Discovery Inc. to create a new media heavyweight in a $43 billion deal. The deal, which isn’t slated to close until next year, will create new publicly traded company that will enter a streaming arena that has been flooded in the past two years with new players including those owned by AT&T and Discovery, which operate HBO Max and Discovery+, respectively. Bigger and more established services, such as Netflix, Disney, and Amazon, remain the ones to beat. Netflix has more than 200 million subscribers globally, and Disney has more than 100 million.

United statesNbcuniversal peacockMae andersonDavid zaslavNeil begleyJeff wlodarczakTim hanlonMoody investors serviceJustice departmentAssociated pressTime warner incVertere groupDiscovery incPivotal research groupTime warnerLatin america