The creation of Warner Brothers Discovery (SpinCo) from the combination of the existing Discovery Communications (DISCA)(Discovery), a leader in unscripted programming, and AT&T’s (T) Warner Media Segment (Warner), a leader in
Discovery And WarnerMedia: The New Warner Brothers Discovery Will Be A Powerhouse
Summary
- Merger will result in a company with compelling content franchises, personalities and intellectual property.
- Combination will be additive to both linear and Direct-to-Consumer distribution channels.
- Prospective synergies and cost efficiencies should result in significant value creation.
- Transaction support from Advance/Newhouse and John Malone underscores value proposition.
High yield petroleum,metals and mining analyst with significant experience as a sell-side analyst with long/short and stressed/distressed debt investments. Have worked at firms ranging from Citicorp to Guggenheim Securities during a career spanning over 20 years.
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