On Monday, April 11, the long-awaited $43 billion merger between WarnerMedia and Discovery officially ended. But a new Variety report suggests the deal could close as early as Friday, according to sources.
We already have a glimpse of what will happen with the companies’ two streaming services, Discovery+ and HBO Max. In March, Discovery CFO Gunnar Wiedenfels said the mega-merger would first merge Discovery+ and HBO Max until they find the best way to merge the two services into one direct-to-consumer platform.
WarnerMedia owns not only HBO Max, but also the line networks HBO, CNN (and the new CNN+ service), Warner Bros., DC Films, New Line Cinema, TBS, TNT, truTV, Cartoon Network/Adult Swim, Turner Sports. Is the owner. And in other cock’s teeth. He is also the co-owner of The CW. Meanwhile, Discovery+ is the parent company of Discovery Channel, Investigation Discovery, Travel Channel, Turbo/Velocity, HGTV, Food Network, TLC, Animal Planet, Science Channel and OWN (Oprah Winfrey Network).
Streamers of both Discovery+ and HBO Max can expect a lot of change as the two companies bring together vast libraries of content that are equally unique in their own way, giving people an extremely sophisticated proposition.
It was also announced today that WarnerMedia CEO Jason Keeler announced his resignation in a memorandum ahead of the WarnerMedia and Discovery merger.
In April 2020, Keeler was named CEO of WarnerMedia ahead of the launch of streaming service HBO Max. However, Killar has risen to the occasion, as he was previously appointed CEO of Hulu shortly after its 2007 launch.
Discovery Inc. CEO David Zaslav will take the reins, and former WarnerMedia CEO has developed Zaslav, a streaming giant you can trust. And boy, he’ll bank.
In May 2021, Zaslav signed a new employment contract expiring in 2027 with the goal of keeping him with the company through a merger with WarnerMedia.
According to a regulatory filing in March, the value of Zaslav’s 2021 compensation package rose to $246 million, a huge difference from $45.8 million in 2019. In 2020, it amounted to $37.7 million.
Like Keeler, CEO of Discovery Inc. He has extensive experience in the industry and has been in charge of the company since 2007.