WarnerMedia Merges With Discovery In Major Deal As AT&T Exits Media Business

The streaming wars just took an interesting turn. AT&T, who just acquired Time Warner five years ago, have struck a $43B deal with Discovery, Inc. that will spinoff WarnerMedia to Discovery and form an entirely new media company, or as the press release states, a “premier, standalone global entertainment company.”

Basically, AT&T is getting out of the entertainment business, perhaps not really digging how much of a challenge it’s been for HBO Max, which launched awkwardly just a year ago.

So what does this mean? Well, I guess if you were really hoping to see a crossover between Grocery Games and Titans, this might be the chance. All of the WarnerMedia assets, which includes Warner Bros., HBO, CNN, Cartoon Network, Cinemax, TBS, TNT, Adult Swim, and DC Comics, will exist under the same umbrella as Discovery, Food Network, HGTV, OWN, TLC, and Animal Planet.

Don’t be surprised if somewhere down the line we see the companies’ two streaming services, HBO Max and Discovery+, merged into one. That has not been announced just yet.

I’m not going to go through all of the business mumbo jumbo. It’s unclear what this actually will mean for the future, but these sorts of deals always have major ramifications. For us as movie fans, it could mean yet another restructuring at Warner Bros., which could have a drastic impact on their future slate. We will just have to wait and see.  Look for John Oliver to have some fun jokes at AT&T’s expensive on the next episode of Last Week Tonight.

Travis Hopson has been reviewing movies before he even knew there was such a thing. Having grown up on a combination of bad '80s movies, pro wrestling, comic books, and hip-hop, Travis is uniquely positioned to geek out on just about everything under the sun. A vampire who walks during the day and refuses to sleep, Travis is the co-creator and lead writer for Punch Drunk Critics. He is also a contributor to Good Morning Washington, WBAL Morning News, and WETA Around Town. In the five minutes a day he's not working, Travis is also a voice actor, podcaster, and Twitch gamer. Travis is a voting member of the Critics Choice Association (CCA), Washington DC Area Film Critics Association (WAFCA), and Late Night programmer for the Lakefront Film Festival.