Another Hollywood mega-merger is complete, with Warner Bros once again changing hands – more details here.
Just weeks after Amazon concluded its deal to buy MGM, another major Hollywood corporate transaction is complete. Discovery has picked up WarnerMedia from AT&T, in a long-gestating deal that finally closed at the end of last week. That means that assorted companies of interest to movie fans – HBO, HBO Max, New Line, DC Films, Cartoon Network and Warner Bros’ movie studio – are now under fresh ownership.
The new company is called Warner Bros Discovery, and the Hollywood trade press has been awash with stories this past week of management changes at the new company.
Outside of the assorted bits of corporate speak that come about whenever a major merger is complete, what’s less clear is what it all means for those with jobs not quite so high up the management chain. And, of course, what it means for us consumers at the end of it all.
All of that will become clearer in the months, and more likely years, ahead. We’ll keep you posted as we hear more…
Variety
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