Discovery’s merger with WarnerMedia took effect on Friday afternoon, creating a streaming media giant led by CEO David Zaslav.
Highlights
- The newly formed company, Warner Bros.
- Discovery, will begin publicly trading on Monday.
- Zaslav: “I am confident that our collective love for these brands will build the world’s most dynamic media and entertainment company” Discovery’s merger with WarnerMedia took effect on Friday afternoon, creating a streaming media giant.
- The deal combines two companies and foreshadows further changes in the streaming era.
- The merger will be the first of its kind in the history of streaming TV and film production in the U.S.