AT&T and Discovery Inc. may soon join forces to improve their probability against conduce competitors like Netflix and Disney in the teem wars . grant tomultiplereports , the two companies are in talks to merge Discovery ’s reality boob tube imperium with AT&T ’s catalog of cable length channels and other media holdings to create a new entertainment entity .
AT&T and Discovery are in the innovative stages of dialogue and an agreement could be reached by Monday , sources toldthe Wall Street Journalon Sunday . So far , the companies have discussed several major instrumentalist in AT&T ’s WarnerMedia division , including CNN and its TNT and TBS cable channels . If they make a deal , AT&T shareholders would own a big stake in the new entity , accord to the outlet . People familiar with the talks toldBloomberga deal could be announced as soon as this calendar week .
Tipsters that spoke with both electrical outlet did n’t bring out term of a possible lot and caution that these talk could still devolve apart before an agreement is reached . Both AT&T and Discovery have declined to point out on the subject .
Photo: Saul Loeb (Getty Images)
One thing ’s for sure , the two certainly have enough contentedness to market a joint venture . AT&T ’s cable empire includes CNN , HBO , Cartoon connection , TruTV , and Cinemax , among others , along with the movie roll of Warner Bros. studio . Meanwhile , Discovery ’s offerings admit Food internet , TLC , and HGTV — some of the most orgy - worthy rubbish TV that cable length has to offer ( and I say that affectionately ) .
AT&TdisneyHBO MaxNetflixTelevisionWarner Bros.warnermedia
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