AT&T and Discovery Inc. have announced the close of the transaction announced in May 2021. Assets owned by WarnerMedia and Discovery have been combined to create a single company called Warner Bros. Discovery (WBD). The visual identity of the new company preserves Warner Bros.’s historic logo.
According to a press release, “The new company combines WarnerMedia’s entertainment, sports and news assets with Discovery’s non-fiction and international entertainment and sports businesses, including Discovery Channel, Discovery+, Warner Bros. Entertainment, CNN, CNN+, DC, Eurosport, HBO, HBO Max, HGTV, Food Network, Investigation Discovery, TLC, TNT, TBS, truTV, Travel Channel, MotorTrend, Animal Planet, Science Channel, New Line Cinema, Cartoon Network, Adult Swim, Turner Classic Movies and others.” One of the projects of the new company consists in the unification of its main OTT services: HBO Max and Discovery+.
“With our collective assets and diversified business model, Warner Bros. Discovery offers the most differentiated and complete portfolio of content across film, television and streaming. We are confident that we can bring more choice to consumers around the globe while fostering creativity and creating value for shareholders,” remarked WBD CEO David Zaslav.