AT&T in talks to combine WarnerMedia with Discovery

Deal would bring together Warner Bros film and TV, HBO TV series and Discovery’s reality-TV shows

The parent company of CNN, HBO and the Hollywood studio behind the Batman and Harry Potter franchises, is in talks to forge a $150bn (£106bn) tie-up with Discovery to take on streaming services Netflix and Disney+.

US telecoms company AT&T, which acquired the media assets in an $85bn takeover of Time Warner just three years ago, wants to offload its media content division, now known as WarnerMedia, into a separate business in combination with Discovery.

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from US news | The Guardian https://ift.tt/1Zwv3jN
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