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Discovery is close to acquiring WarnerMedia

by Stewart Cole

“I am sure you are not surprised that he came with enough anxiety, frustration and anxiety about the changes he would cause,” he wrote. “In all these circumstances, I remain confident that we are on the right track.”

The creation of Warner Bros. Discovery could bring about changes in existing multimedia companies, forcing smaller companies like Paramount to find a way to become bigger.

“There are Disney, HBO Max, Netflix, Amazon and Apple – there are five,” said Michael Nathanson, a media analyst, pointing to the top streaming services. “You do not want to be in position six, seven or eight. At some point they will say “We need to find a dance partner”.

The biggest question will be what will happen to HBO Max and Discovery +, the streaming services of the merging companies. Initially, the two could be sold as a package, but over time they will be merged into a giant streaming service, Mr Zaslav told staff on Friday.

HBO and HBO Max, which consists of new TV series and movies, as well as an impressive series from the Warner Bros. library, have more than 70 million subscribers. Discovery + has more than 20 million.

Even if they come together, it pales in comparison to Netflix, which has more than 220 million paying subscribers, most of them outside the United States. HBO Max has only recently expanded overseas, although Discovery has established a strong international presence.

“A new giant is born when they prove they have an international scale,” Nathanson told Warner Bros. Discovery. “I do not think Discovery’s content on HBO Max in the US “But because the international is such an indisputable territory, they can have a greater impact outside the United States.”

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