AT&T is reportedly in talks to merge its media enterprise with Discovery

Illustration by Alex Castro / The Verge

AT&T and Discovery are in talks that may mix AT&T’s media enterprise with Discovery’s reality-TV dynasty to create a large new leisure entity, Bloomberg reviews, citing sources. Neither firm confirmed the deal, but when it got here to move, the mixed firm can be a probably vital competitor for streaming manufacturers like Netflix and Disney.

However as Bloomberg notes, AT&T solely just lately added some main leisure manufacturers to its portfolio when it acquired Time Warner for $85 billion, a deal that was finalized in 2018. And whereas AT&T’s streaming channel HBO Max has carried out comparatively nicely since its considerably messy launch final Could, it’s nonetheless not fairly as strong as older streamers like Netflix. In January, Discovery…

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