Overlord David Zaslav says new moniker combines Warner's 'fabled hundred-year legacy' with Discovery's 'global brand'
Mike Cavanagh said operator will look at all opportunities, but 'we like the hand we have'
Says DTC offerings like WarnerMedia/Discovery will help MVPDs pare unprofitable video subs
The combination of WarnerMedia and Discovery will be one of the few companies able to compete in the global market for streaming television, Discovery CEO David Zaslav said.
Asked what impact the big deal combining AT&T’s WarnerMedia with Discovery would have on its competitive position, Walt Disney Co. CEO Bob Chapek said not much.
WarnerMedia had twice the unique viewers and 5x the minutes watched in April than Discovery, per Tubular Labs
Given some time to digest Discovery’s stunning deal to take WarnerMedia off of AT&T’s hands, analysts are wondering what trying to swallow a whale will mean to the home of TV’s Shark Week.
Mogul says WarnerMedia is in better hands under David Zaslav. ‘How can it be in worse hands?’
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