Discovery-WarnerMedia Merger Close To Getting US Approval
It’s looking like the Discovery-WarnerMedia merger is closer to being approved in the US.
As reported by The Hollywood Reporter, the telecom giant AT&T is optimistic about the ongoing review process of the merger.
The merger was first announced in May 2021.
AT&T “feel comfortable” about other approvals for the Discovery-WarnerMedia merger
AT&Ts CEO John Stankey was speaking at Citi’s AppsEconomy Conference on Wednesday this week.
Stankey revealed that HBO and HBO Max had gained a total of 73.8 million subscribers.
Following the EU approval of the merger last month, Stankey said he felt confident about the other pending approvals:
We feel comfortable about other approvals, The U.S. review process, particularly that of the Department of Justice, has been “following kind of the script and the expectations. I feel very comfortable with how that is going.
He also teased what the future may hold for the company once the merger is officially finalised, calling it a” tremendously valuable transaction.”
Warner Bros Discovery to become the leading media company in the world>
Discovery CEO David Zaslav wasn’t coy about the goals for the company, once the merger is completed.
The better our content is, the better chance we have of being the leading media company in the world.
In the ever-competitive world of streaming services, this merger would certainly make HBO Max one of the must-have streaming services for consumers.
What do you make of this news?
Do you think the Discovery-WarnerMedia will get approved?
Let us know your thoughts in the comments below.
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