WarnerMedia’s recently announced merger with Discovery is expected to have significant impacts on the entertainment industry, and many can directly affect even the operation of Warner Bros.
According to WeGotThisCovered, an industry insider – called Mikey Sutton, has signaled that the merger of the two companies is expected to result in changes in the executive group and the board of directors.
Still according to speculation, there is a possibility that the exchange of members could – in the long term – promote the restoration of SnyderVerse, if the new leaders are in favor of the resumption of the saga initiated by filmmaker Zack Snyder.
It’s important to note that this is all speculation and rumor, so it’s uncertain what insider reports are. Still, there may be a little light at the end of the tunnel for Snyder fans.
And when you consider that the unlikely has happened, with the premiere of ‘Justice League by Zack Snyder’, there is a little distant hope. Everything will depend on the procedures and details of the merger of the two large companies.
According to CNN, AT&T, the company that runs WarnerMedia, is teaming up with Discovery to form a new independent media company.
Representatives of the two companies said the $ 43 billion deal would allow them to merge their properties and transform them into a “premier independent global entertainment company.”
This means that all of the WarnerMedia brands (Warner Bros, HBO, CNN, Cartoon Network, Cinemax, TBS, TNT, Adult Swim, and DC Comics) and the Discovery brands (Discovery Channel, Food Network, HGTV, TLC, and Animal Planet) will be included. from the same company.
The decision also includes streaming platforms such as HBO Max and Discovery +.
However, it is not yet clear whether these services will be combined on a mega platform or if they will be bundled into each other, such as in packages similar to Disney + and Hulu, or like Amazon Prime, which is home to Starz Play. and Looke.
It’s worth remembering that HBO Max launched last year and took a long time to consolidate as a strong competitor to major streaming services, so betting on the new model can be somewhat risky.
Part of the statement also states that AT&T shareholders will have a 71% advantage in the shares of the new company, while Discovery shareholders will get 29%, given that they own fewer products than WarnerMedia. .
Despite this, Discovery CEO David Zaslav will lead the business generated by the partnership, while AT&T CEO John Stankey plans to reorient his business towards mobile and broadband services.
Still, Stankley clarified that “executives from both companies will play a key role in directing” the upcoming project.
As of yet, further details have not been revealed and the deal is not expected to be officially finalized until 2022.
Make sure to watch: