AT&T's WarnerMedia merging with Discovery in $43B deal to form new streaming service

AT&T is spinning off its remaining WarnerMedia services to create a new streaming service together with Discovery, to compete with Netflix, Apple TV+, and other omnibus streaming services.

AT&T's WarnerMedia is merging with Discovery to create a new streaming service
As previously rumored, AT&T has announced that it and Discovery, Inc, will create a new standalone streaming media company. It will include from the services AT&T acquired from Time Warner in 2018.

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