Discovery acquires Warner Media to challenge Netflix and Disney

29 Apr Discovery acquires Warner Media to challenge Netflix and Disney

Warner Bros Discovery is the new giant ready to challenge Netflix and Disney in the media and entertainment market. The acquisition of Warner Media from AT&T for 39 billion dollars allows Discovery to control CNN, HBO and Warner Bros, with a forecast for 2023 of 54 billion dollars in income. Thanks to its assets and diversified business model, Discovery now offers one of the most extensive and complete content offerings globally with movies, TV brands, and streaming.